Affordable Housing In Powell
Marion County, Tennessee

6 Low Income Apartment Communities In Powell

Kensington Forest Townhomes

455 Tammy Dr
Powell, Tennessee
Call For Rent
2 BR

Kensington Forrest Apartments

455 Tammy Dr
Powell, Tennessee
Call For Rent
1-2 BR

Mountain Park Villas

7620 Old Clinton Pike
Powell, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Candleridge Plaza

3405 Harrow Gate Ln
Powell, Tennessee
Subsidized
62+
Accessible
Elderly Supportive Housing

Greenview Village

104 Dunn Ln
Powell, Tennessee

Kensington Addition Apartments II

427 Tammy Dr
Powell, Tennessee
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Section 8 Vouchers, Apartments, and Waiting Lists in Powell, 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.

Households who qualify for these programs may also qualify for Project-Based Section 8, which contributes rental assistance payments directly to private landlords on behalf of low-income tenants. Eligibility for the project-based program is similar to the voucher programs, but waiting list and application policies will vary depending on the landlord.

Public Housing Agencies Serving Powell, Tennessee

Housing Authority Programs
Southeast Tennessee Human Resource Agency Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Powell, Tennessee

There are 6 low income housing apartment communities offering 375 affordable apartments for rent in Powell, Tennessee.

Income Based Apartments in Powell, Tennessee

Powell features 152 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 Powell, Tennessee

There are 223 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Powell.

Housing Choice Vouchers in Powell, Tennessee

On average, Section 8 Housing Choice vouchers pay Powell landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Powell.

The maximum amount a voucher would pay on behalf of a low-income tenant in Powell, Tennessee for a two-bedroom apartment is between $960 and $1,174.

2023 Powell, 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
Powell, Tennessee Fair Market Rent $910 $919 $1,067 $1,372 $1,619
Powell, Tennessee Payment Standard Range $819 to $1,001 $827 to $1,011 $960 to $1,174 $1,235 to $1,509 $1,457 to $1,781

Sourced from federal housing data and AffordableHousingOnline.com research.

Powell, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 6
Total Low Income Apartments 375
Total Housing Units with Rental Assistance 152
Percentage of Housing Units Occupied By Renters 12.2%
Average Renter Household Size 2.22
Average Household Size 2.55
Median Household Income $58,750 ±$10,685
Median Rent $625 ±$86
Percentage Of Renters Overburdened 41.54% ± 20.7pp
Total Population 1,359

Population and Household Demographics

Powell is a city in Marion County, Tennessee with a population of 1,359. There are 533 households in the city with an average household size of 2.55 persons. 12.2% of households in Powell are renters.

Income and Rent Overburden in Powell

The median gross income for households in Powell is $58,750 a year, or $4,896 a month. The median rent for the city is $625 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Powell, a household making less than $2,083 a month would be considered overburdened when renting an apartment at or above the median rent. 41.54% of households who rent are overburdened in Powell.

Area Median Income In Powell

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 Powell, the AMI is calculated from all households within Marion County.

In Powell, HUD calculates the Area Median Income for a family of four as $75,200

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 Powell

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 Powell

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 Powell AMI may qualify for rental assistance programs that target Extremely Low Income households.
$15,800 $18,310 $23,030 $27,750 $32,470 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Powell AMI may qualify for rental assistance programs that target Very Low Income households.
$26,350 $30,100 $33,850 $37,600 $40,650 $43,650 $46,650 $49,650
80% AMI Income Limits
Renters earning up to 80% of the Powell AMI may qualify for rental assistance programs that target Low Income households.
$42,150 $48,150 $54,150 $60,150 $65,000 $69,800 $74,600 $79,400