Affordable Housing In Oak Ridge
Anderson County, Tennessee

12 Low Income Apartment Communities In Oak Ridge

Kareday Terrace Apartments

99 Wilberforce Ave
Oak Ridge, TN
Income Based
1 BR
Subsidized

Mckenzie Acres

100 Utica Cir
Oak Ridge, TN
Subsidized

Robertsville Apartments

412 Jefferson Terminal Rd
Oak Ridge, TN
Accessible
Disabled Supportive Housing
Subsidized

Auburn Hills

180 Tusculum Dr
Oak Ridge, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Rds

101 Livingston Rd
Oak Ridge, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Tiffin Home

111 Tiffin Dr
Oak Ridge, TN
Accessible
Disabled Supportive Housing
Subsidized

Oak Ridge Towers

115 Fairbanks Rd
Oak Ridge, TN
Subsidized

Hamilton Place

153 Hamilton Cir
Oak Ridge, TN
Accessible
Disabled Supportive Housing
Subsidized

Teller Village Apartments

100 Teejay Dr
Oak Ridge, TN
HCV Welcome

Oak Ridge Ha

13 Joel Ln
Oak Ridge, TN

Housing Authorities that serve Oak Ridge

Housing Authority Programs
Oak Ridge 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 Oak Ridge, Tennessee

There are 12 low income housing apartment communities offering 698 affordable apartments for rent in Oak Ridge, Tennessee. Oak Ridge features 474 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 224 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Oak Ridge.

Sourced from federal housing data and AffordableHousingOnline.com research.

Oak Ridge, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 698
Total Housing Units with Rental Assistance 474
Percentage of Housing Units Occupied By Renters 40.29%
Average Renter Household Size 2.31
Average Household Size 2.31
Median Household Income $49,100 ±$2,204
Median Rent $732 ±$32
Percentage Of Renters Overburdened 45.51% ± 5.21pp
Total Population 29,310

Population and Household Demographics

Oak Ridge is a City in Anderson County, Tennessee with a population of 29,310. There are 12,528 households in the city with an average household size of 2.31 persons. 40.29% of households in Oak Ridge are renters.

Income and Rent Overburden in Oak Ridge

The median gross income for households in Oak Ridge is $49,100 a year, or $4,092 a month. The median rent for the city is $732 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Oak Ridge, a household making less than $2,440 a month would be considered overburdened when renting an apartment at or above the median rent. 45.51% of households who rent are overburdened in Oak Ridge.1

Area Median Income In Oak Ridge

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 Oak Ridge, the AMI is calculated from all households within Anderson County.

In Oak Ridge, HUD calculates the Area Median Income for a family of four as $69,900

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 Oak Ridge

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 Oak Ridge HUD Rental Assistance in Oak Ridge

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $14,700 $16,910 $21,330 $25,750 $30,170 $34,590 $39,010 $43,430
50% of Median $24,500 $28,000 $31,500 $34,950 $37,750 $40,550 $43,350 $46,150
80% of Median $39,150 $44,750 $50,350 $55,900 $60,400 $64,850 $69,350 $73,800
Low Income Housing Tax Credits in Oak Ridge

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

From 2003 to 2009, 3 low income apartment communities containing 224 rental apartments have been constructed and made affordable to low income persons in Oak Ridge 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 Oak Ridge

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $24,500 $28,000 $31,500 $34,950 $37,750 $40,550 $43,350 $46,150
60% of Median $29,400 $33,600 $37,800 $41,940 $45,300 $48,660 $52,020 $55,380

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 Oak Ridge is $37,800 a year, or $3,150 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $3,150 by 30% to get a maximum rent of $945 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% $613 $656 $788 $909 $1,014 $1,119
60% $735 $788 $945 $1,091 $1,217 $1,343
Fair Market Rents in Oak Ridge

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
$624 $742 $915 $1,198 $1,476