Affordable Housing In Morristown
Hamblen County, Tennessee

20 Low Income Apartment Communities In Morristown

Laurelwood - A Senior Community

513 S. Hill Street
Morristown, TN
$412
1 BR
Subsidized

Walter's Ridge Apartments

578 Housley Street
Morristown, TN
$510-560
1-2 BR
HCV Welcome

Rutledge Place

720 and 730 East Louise Street
Morristown, TN
$421-635
1-3 BR
HCV Welcome

Chloe Lane

Old White Pine Road
Morristown, TN
HCV Welcome

Lincoln Manor Apartments

1107 S Jackson St
Morristown, TN
Subsidized

Kc Home of Morristown

615 Gammon Ave
Morristown, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Lincoln Park Apartments

1109 Sulphur Springs Rd
Morristown, TN
Subsidized

Henry Manor

425 N Henry St
Morristown, TN
Subsidized

Henry Manor Apartments

425 N Henry St
Morristown, TN
HCV Welcome

Five Rivers Service, Inc

825 Donna St
Morristown, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Housing Authorities that serve Morristown

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

Guide To Affordable Housing in Morristown, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 20 low income housing apartment communities offering 1,453 affordable apartments for rent in Morristown, Tennessee. Morristown features 1,004 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 449 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Morristown.

Morristown, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 20
Total Low Income Apartments 1,453
Total Housing Units with Rental Assistance 1,004
Percentage of Housing Units Occupied By Renters 49.92%
Average Renter Household Size 2.62
Average Household Size 2.53
Median Household Income $30,846 ±$2,108
Median Rent $651 ±$23
Percentage Of Renters Overburdened 50.2% ± 6.77pp
Total Population 29,247

Population and Household Demographics

Morristown is a City in Hamblen County, Tennessee with a population of 29,247. There are 11,245 households in the city with an average household size of 2.53 persons. 49.92% of households in Morristown are renters.

Income and Rent Overburden in Morristown

The median gross income for households in Morristown is $30,846 a year, or $2,571 a month. The median rent for the city is $651 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Morristown, a household making less than $2,170 a month would be considered overburdened when renting an apartment at or above the median rent. 50.2% of households who rent are overburdened in Morristown.1

Area Median Income In Morristown

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 Morristown, the AMI is calculated from all households within Hamblen County.

In Morristown, HUD calculates the Area Median Income for a family of four as $57,800

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 Morristown

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 Morristown HUD Rental Assistance in Morristown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $12,490 $16,910 $21,330 $25,750 $30,170 $32,450 $34,700 $36,900
50% of Median $19,600 $22,400 $25,200 $27,950 $30,200 $32,450 $34,700 $36,900
80% of Median $31,300 $35,800 $40,250 $44,700 $48,300 $51,900 $55,450 $59,050
Low Income Housing Tax Credits in Morristown

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1987 to 2007, 12 low income apartment communities containing 333 rental apartments have been constructed and made affordable to low income persons in Morristown by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Morristown

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,600 $22,400 $25,200 $27,950 $30,200 $32,450 $34,700 $36,900
60% of Median $23,520 $26,880 $30,240 $33,540 $36,240 $38,940 $41,640 $44,280

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Morristown is $30,240 a year, or $2,520 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,520 by 30% to get a maximum rent of $756 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $490 $525 $630 $727 $811 $895
60% $588 $630 $756 $872 $974 $1,074
Fair Market Rents in Morristown

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$557 $560 $738 $996 $1,000