Affordable Housing In Sneedville
Hancock County, Tennessee

4 Low Income Apartment Communities In Sneedville

Sneedville Gardens

3300 Otis Greene Drive
Sneedville, Tennessee

Mountain View Apts

121 B.L. Cobb Square
Sneedville, Tennessee

Tremount Apartments

153 Whitney Cir
Sneedville, Tennessee

Sneedville Manor

198 Manor Drive
Sneedville, Tennessee
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Guide To Affordable Housing in Sneedville, Tennessee

There are 4 low income housing apartment communities offering 189 affordable apartments for rent in Sneedville, Tennessee.

Income Based Apartments in Sneedville, Tennessee

Sneedville features 189 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 Sneedville, Tennessee

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sneedville.

Housing Choice Vouchers in Sneedville, Tennessee

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Sneedville, Tennessee for a two-bedroom apartment is between $608 and $744.

2022 Sneedville, 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
Sneedville, Tennessee Fair Market Rent $523 $526 $676 $904 $1,157
Sneedville, Tennessee Payment Standard Range $471 to $575 $473 to $579 $608 to $744 $814 to $994 $1,041 to $1,273

Sourced from federal housing data and research.

Sneedville, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 4
Total Low Income Apartments 189
Total Housing Units with Rental Assistance 189
Percentage of Housing Units Occupied By Renters 63.14%
Average Renter Household Size 2.13
Average Household Size 2.25
Median Household Income $14,009 ±$2,158
Median Rent $305 ±$45
Percentage Of Renters Overburdened 38.82% ± 12.32pp
Total Population 1,309

Population and Household Demographics

Sneedville is a city in Hancock County, Tennessee with a population of 1,309. There are 510 households in the city with an average household size of 2.25 persons. 63.14% of households in Sneedville are renters.

Income and Rent Overburden in Sneedville

The median gross income for households in Sneedville is $14,009 a year, or $1,167 a month. The median rent for the city is $305 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sneedville, a household making less than $1,017 a month would be considered overburdened when renting an apartment at or above the median rent. 38.82% of households who rent are overburdened in Sneedville.

Area Median Income In Sneedville

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 Sneedville, the AMI is calculated from all households within Hancock County.

In Sneedville, HUD calculates the Area Median Income for a family of four as $43,200

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 Sneedville

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 Sneedville

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 Sneedville AMI may qualify for rental assistance programs that target Extremely Low Income households.
$12,880 $17,420 $21,960 $26,500 $30,500 $32,750 $35,000 $37,250
50% AMI Income Limits
Renters earning up to 50% of the Sneedville AMI may qualify for rental assistance programs that target Very Low Income households.
$19,750 $22,600 $25,400 $28,200 $30,500 $32,750 $35,000 $37,250
80% AMI Income Limits
Renters earning up to 80% of the Sneedville AMI may qualify for rental assistance programs that target Low Income households.
$31,600 $36,100 $40,600 $45,100 $48,750 $52,350 $55,950 $59,550