Affordable Housing In Walden
Hamilton County, Tennessee

Affordable Housing programs support 0 income based apartments in Walden where households pay rent based on how much they earn.

There are 0 affordable apartments in Walden that offer reduced rents to low-income households.

Waiting Lists in Walden, Tennessee

There are no open Section 8 Housing Choice Voucher waiting lists in Walden. Go to the Tennessee Section 8 Waiting Lists page for openings near Walden.

Affordable Housing Near Walden

View affordable apartments and waiting lists in cities near Walden

City Apartments
Affordable Housing In Chattanooga, TN Affordable Housing programs support 66 apartment communities in Chattanooga.
Affordable Housing In East Ridge, TN Affordable Housing programs support 1 apartment communities in East Ridge.
Affordable Housing In Ooltewah, TN Affordable Housing programs support 1 apartment communities in Ooltewah.
Affordable Housing In Soddy-Daisy, TN Affordable Housing programs support 1 apartment communities in Soddy-Daisy.

Public Housing Agencies Serving Walden, 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.

Waiting lists for project-based assistance, like the Public Housing program, are open:

Housing Authority Programs
Chattanooga Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Section 8 Project-Based Voucher (PBV)
Go to the Tennessee Public Housing and Low-Income Apartments Waiting Lists page for openings near Walden.

Walden, Tennessee Affordable Housing Data

Income Based Apartments in Walden, Tennessee

Walden features 0 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 Walden, Tennessee

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

Housing Choice Vouchers in Walden, Tennessee

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

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

2023 Walden, 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
Walden, Tennessee Fair Market Rent $910 $919 $1,067 $1,372 $1,619
Walden, 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 research.

Walden, TN Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 22.15%
Average Renter Household Size 2.53
Average Household Size 2.74
Median Household Income $83,333 ±$13,220
Median Rent $876 ±$168
Percentage Of Renters Overburdened 43.56% ± 20pp
Total Population 2,052

Population and Household Demographics

Walden is a city in Hamilton County, Tennessee with a population of 2,052. There are 736 households in the city with an average household size of 2.74 persons. 22.15% of households in Walden are renters.

Income and Rent Overburden in Walden

The median gross income for households in Walden is $83,333 a year, or $6,944 a month. The median rent for the city is $876 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Walden, a household making less than $2,920 a month would be considered overburdened when renting an apartment at or above the median rent. 43.56% of households who rent are overburdened in Walden.

Area Median Income In Walden

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 Walden, the AMI is calculated from all households within Hamilton County.

In Walden, 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 Walden

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 Walden

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 Walden 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 Walden 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 Walden 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