Affordable Housing In Loudon County
Tennessee

Affordable Housing programs support 728 income based apartments in Loudon County where households pay rent based on how much they earn.

There are 337 affordable apartments in Loudon County that offer reduced rents to low-income households.

Waiting Lists in Loudon County, Tennessee

There are no open Section 8 Housing Choice Voucher waiting lists in Loudon County. Go to the Tennessee Section 8 Waiting Lists page for openings near Loudon County.

Springplace Apartments

304 Locust St
Lenoir City, Tennessee
Call For Rent
1 BR
Rent Assisted

Mcghee Square

225 Kelly Ln
Lenoir City, Tennessee
Rent Assisted

Hines Valley Apartments

1 Hines Ct
Lenoir City, Tennessee
Affordable

Act III Group Home

1411 Grove St
Loudon, Tennessee
Rent Assisted
Accessible
Accessible
Disabled Supportive Housing

Loudon Gardens

300 Clyde St
Loudon, Tennessee
Rent Assisted

River Manor Apartments

6370 Industrial Blvd
Lenoir City, Tennessee
Affordable

Loudonview Apartments

1519 Grove St
Loudon, Tennessee
Affordable

Lakeview Apartments

1521 Grove Street
Loudon, Tennessee
Affordable

Sunset Hills

100 Oakwood Dr
Lenoir City, Tennessee

Creekwood Homes

122 Hackberry St
Loudon, Tennessee
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Affordable Housing In Loudon County

View affordable apartments and waiting lists in cities near Loudon County

City Apartments
Affordable Housing In Lenoir City, TN Affordable Housing programs support 8 apartment communities in Lenoir City.
Affordable Housing In Loudon, TN Affordable Housing programs support 8 apartment communities in Loudon.

Public Housing Agencies Serving Loudon County, Tennessee

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Tennessee Housing Development Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency; Mainstream Voucher; Homeownership
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Loudon County.

Loudon County, Tennessee Affordable Housing Data

Income Based Apartments in Loudon County, Tennessee

Loudon County features 728 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Loudon County, Tennessee

There are 337 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Loudon County.

Housing Choice Vouchers in Loudon County, Tennessee

On average, Section 8 Housing Choice vouchers pay Loudon County landlords $500 per month towards rent. The average voucher holder contributes $300 towards rent in Loudon County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Loudon County, Tennessee for a two-bedroom apartment is between $1,040 and $1,272.

2023 Loudon County, Tennessee Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Loudon County, Tennessee Fair Market Rent $887 $952 $1,156 $1,507 $1,773
Loudon County, Tennessee Payment Standard Range $798 to $976 $857 to $1,047 $1,040 to $1,272 $1,356 to $1,658 $1,596 to $1,950

Sourced from federal housing data and AffordableHousingOnline.com research.

Loudon County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 16
Total Low Income Apartments 1,065
Total Housing Units with Rental Assistance 728
Percentage of Housing Units Occupied By Renters 23.24%
Average Renter Household Size 2.66
Average Household Size 2.49
Median Household Income $51,107 ±$2,900
Median Rent $712 ±$39
Percentage Of Renters Overburdened 39.2% ± 6.85pp
Total Population 50,229

Population and Household Demographics

Loudon County is a county in Tennessee with a population of 50,229. There are 20,009 households in the county with an average household size of 2.49 persons. 23.24% of households in Loudon County are renters.

Income and Rent Overburden in Loudon County

The median gross income for households in Loudon County is $51,107 a year, or $4,259 a month. The median rent for the county is $712 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Loudon County, a household making less than $2,373 a month would be considered overburdened when renting an apartment at or above the median rent. 39.2% of households who rent are overburdened in Loudon County.

Area Median Income In Loudon County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Loudon County, HUD calculates the Area Median Income for a family of four as $84,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Loudon County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Loudon County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Loudon County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$17,150 $19,600 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Loudon County AMI may qualify for rental assistance programs that target Very Low Income households.
$28,600 $32,650 $36,750 $40,800 $44,100 $47,350 $50,600 $53,900
80% AMI Income Limits
Renters earning up to 80% of the Loudon County AMI may qualify for rental assistance programs that target Low Income households.
$45,750 $52,250 $58,800 $65,300 $70,550 $75,750 $81,000 $86,200