Affordable Housing In Sevierville
Sevier County, Tennessee

12 Low Income Apartment Communities In Sevierville

Riverview Apartments

315 Howard Dr
Sevierville, TN
Subsidized

Park Village Apartments

905 Park Rd
Sevierville, TN
Subsidized

Mildred Miller Group Home

1259 Llama Ln
Sevierville, TN
Subsidized

Woodland Park Apartments

202 Hardin Ln
Sevierville, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Gateway Village

120 W Paine St
Sevierville, TN
Subsidized

Leconte Terrace

Maggie Mack Ln
Sevierville, TN
62+
Accessible
Elderly Supportive Housing
Subsidized

Ridgewood Village

716 Cp Wilson Dr
Sevierville, TN

Dogwood Ridge Apartments

1263 Smithwood Rd
Sevierville, TN
HCV Welcome

Gist Creek Apartments

446 Gists Creek Rd
Sevierville, TN
HCV Welcome

Vol Housing Dev Sevierville

220 Maggie Mack Ln
Sevierville, TN
HCV Welcome

Housing Authorities that serve Sevierville

Housing Authority Programs
Sevierville Housing Authority 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 Sevierville, Tennessee

According to federal housing data and AffordableHousingOnline.com research, there are 12 low income housing apartment communities offering 646 affordable apartments for rent in Sevierville, Tennessee. Sevierville features 435 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 211 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Sevierville.

Sevierville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 12
Total Low Income Apartments 646
Total Housing Units with Rental Assistance 435
Percentage of Housing Units Occupied By Renters 54.34%
Average Renter Household Size 2.73
Average Household Size 2.60
Median Household Income $34,833 ±$3,307
Median Rent $696 ±$22
Percentage Of Renters Overburdened 50.9% ± 6.76pp
Total Population 15,903

Population and Household Demographics

Sevierville is a City in Sevier County, Tennessee with a population of 15,903. There are 5,821 households in the city with an average household size of 2.60 persons. 54.34% of households in Sevierville are renters.

Income and Rent Overburden in Sevierville

The median gross income for households in Sevierville is $34,833 a year, or $2,903 a month. The median rent for the city is $696 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sevierville, a household making less than $2,320 a month would be considered overburdened when renting an apartment at or above the median rent. 50.9% of households who rent are overburdened in Sevierville.1

Area Median Income In Sevierville

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 Sevierville, the AMI is calculated from all households within Sevier County.

In Sevierville, HUD calculates the Area Median Income for a family of four as $55,600

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 Sevierville

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 Sevierville HUD Rental Assistance in Sevierville

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 $30,050 $32,250 $34,500 $36,700
50% of Median $19,500 $22,250 $25,050 $27,800 $30,050 $32,250 $34,500 $36,700
80% of Median $31,150 $35,600 $40,050 $44,500 $48,100 $51,650 $55,200 $58,750
Low Income Housing Tax Credits in Sevierville

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

From 1988 to 2011, 4 low income apartment communities containing 246 rental apartments have been constructed and made affordable to low income persons in Sevierville 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 Sevierville

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $19,500 $22,250 $25,050 $27,800 $30,050 $32,250 $34,500 $36,700
60% of Median $23,400 $26,700 $30,060 $33,360 $36,060 $38,700 $41,400 $44,040

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 Sevierville is $30,060 a year, or $2,505 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $2,505 by 30% to get a maximum rent of $752 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% $488 $522 $626 $723 $806 $890
60% $585 $626 $752 $868 $968 $1,068
Fair Market Rents in Sevierville

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
$656 $663 $768 $1,050 $1,167