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Affordable Housing In Maynardville
Union County, Tennessee

7 Low Income Apartment Communities In Maynardville

Cedars Apartments

264 Main Street
Maynardville, Tennessee

Stone Gate Apartments

126 Prospect Rd
Maynardville, Tennessee
Call For Rent
1-2 BR

The Cedars Apartments

Old Maynardville Hwy 33
Maynardville, Tennessee

Bull Run Creek Apartments

1330 Main St
Maynardville, Tennessee

Bicentennial Apartments

PO Box 21
Maynardville, Tennessee

Maynard Ltd

RR 4 Box 432
Maynardville, Tennessee

Bicentennial Apartments

306 Main St
Maynardville, Tennessee
Subsidized
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Housing Authorities that serve Maynardville

Housing Authority Programs
Tennessee Housing Development Agency Central Office Section 8 Housing Choice Voucher (HCV); Mainstream Voucher
Tennessee Housing Development Agency East Tennessee Office Section 8 Housing Choice Voucher (HCV); Homeownership Voucher; Family Self-Sufficiency

Guide To Affordable Housing in Maynardville, Tennessee

There are 7 low income housing apartment communities offering 262 affordable apartments for rent in Maynardville, Tennessee.

Income Based Apartments in Maynardville, Tennessee

Maynardville features 48 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 Maynardville, Tennessee

There are 214 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Maynardville.

Housing Choice Vouchers in Maynardville, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Maynardville, Tennessee for a two-bedroom apartment is between $824 and $1,007.

2020 Maynardville, 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
Fair Market Rent $624 $742 $915 $1,198 $1,476
Payment Standard Range $562 to $686 $668 to $816 $824 to $1,007 $1,078 to $1,318 $1,328 to $1,624

Sourced from federal housing data and AffordableHousingOnline.com research.

Maynardville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 7
Total Low Income Apartments 262
Total Housing Units with Rental Assistance 48
Percentage of Housing Units Occupied By Renters 49.72%
Average Renter Household Size 2.43
Average Household Size 2.50
Median Household Income $25,179 ±$9,128
Median Rent $552 ±$106
Percentage Of Renters Overburdened 35.92% ± 15.18pp
Total Population 2,425

Population and Household Demographics

Maynardville is a city in Union County, Tennessee with a population of 2,425. There are 907 households in the city with an average household size of 2.50 persons. 49.72% of households in Maynardville are renters.

Income and Rent Overburden in Maynardville

The median gross income for households in Maynardville is $25,179 a year, or $2,098 a month. The median rent for the city is $552 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Maynardville, a household making less than $1,840 a month would be considered overburdened when renting an apartment at or above the median rent. 35.92% of households who rent are overburdened in Maynardville.

Area Median Income In Maynardville

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Maynardville, the AMI is calculated from all households within Union County.

In Maynardville, HUD calculates the Area Median Income for a family of four as $73,900

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 Maynardville

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 Maynardville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $15,550 $17,750 $21,720 $26,200 $30,680 $35,160 $39,640 $44,120
50% of Median $25,900 $29,600 $33,300 $36,950 $39,950 $42,900 $45,850 $48,800
80% of Median $41,400 $47,300 $53,200 $59,100 $63,850 $68,600 $73,300 $78,050