Affordable Housing In Rhea County

8 Low Income Apartment Communities In Rhea County

Cherry Hill Apartments

140 Cherry Hill Ln
Spring City, TN
Elderly Supportive Housing

Taylor Hills Arnold Place

161 Barnard Cir
Dayton, TN

Valleyview Apartments

455 Cemetery Rd
Spring City, TN
HCV Welcome

Hidden Valley II

501 Hidden Valley Rd
Dayton, TN

We Care Byrd Rd Apartments

Byrd Rd
Dayton, TN
HCV Welcome

Hattie Ln

Hattie Ln
Spring City, TN
HCV Welcome

Emerald Pointe Apartments

134 Emerald Pointe Ln
Dayton, TN
HCV Welcome

Rhea County New Development

123 Hattie Ln
Spring City, TN
HCV Welcome
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Housing Authorities that serve Rhea County

Housing Authority Programs
Dayton Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Rhea County, Tennessee

There are 8 low income housing apartment communities offering 603 affordable apartments for rent in Rhea County, Tennessee. Rhea County features 429 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 174 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Rhea County.

Sourced from federal housing data and research.

Rhea County, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 8
Total Low Income Apartments 603
Total Housing Units with Rental Assistance 429
Percentage of Housing Units Occupied By Renters 31.73%
Average Renter Household Size 2.51
Average Household Size 2.51
Median Household Income $36,146 ±$2,628
Median Rent $583 ±$23
Percentage Of Renters Overburdened 47.02% ± 7.86pp
Total Population 32,394

Population and Household Demographics

Rhea County is a County in Tennessee with a population of 32,394. There are 12,545 households in the county with an average household size of 2.51 persons. 31.73% of households in Rhea County are renters.

Income and Rent Overburden in Rhea County

The median gross income for households in Rhea County is $36,146 a year, or $3,012 a month. The median rent for the county is $583 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Rhea County, a household making less than $1,943 a month would be considered overburdened when renting an apartment at or above the median rent. 47.02% of households who rent are overburdened in Rhea County.1

Area Median Income In Rhea 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 Rhea County, HUD calculates the Area Median Income for a family of four as $53,000

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 Rhea 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 Rhea County HUD Rental Assistance in Rhea County

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 $28,650 $30,750 $32,900 $35,000
50% of Median $18,550 $21,200 $23,850 $26,500 $28,650 $30,750 $32,900 $35,000
80% of Median $29,700 $33,950 $38,200 $42,400 $45,800 $49,200 $52,600 $56,000
Low Income Housing Tax Credits in Rhea County

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

From 1989 to 2003, 3 low income apartment communities containing 115 rental apartments have been constructed and made affordable to low income persons in Rhea County 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 Rhea County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $18,550 $21,200 $23,850 $26,500 $28,650 $30,750 $32,900 $35,000
60% of Median $22,260 $25,440 $28,620 $31,800 $34,380 $36,900 $39,480 $42,000

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 Rhea County is $28,620 a year, or $2,385 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,385 by 30% to get a maximum rent of $716 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% $464 $497 $596 $689 $769 $849
60% $557 $596 $716 $827 $923 $1,019
Fair Market Rents in Rhea County

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
$510 $513 $676 $895 $1,108

Cities In Rhea County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Spring City 4 The HUD funded Public Housing Agency that serves Spring City is the Dayton Housing Authority.
Dayton 4 The HUD funded Public Housing Agency that serves Dayton is the Dayton Housing Authority.
Graysville 0 The HUD funded Public Housing Agency that serves Graysville is the Dayton Housing Authority.