About This Property
Raintree Apts offers 39 affordable units in Tellico Plains, Tennessee, comprising 32 one-bedroom and seven two-bedroom apartments. The property has been in service since 1993 and is designated as a 40 low-income housing community. The community is managed by [management company information not provided].
Property Details
Fair Market Rent - Monroe County, TN
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $584 |
| 1 Bedroom | $685 |
| 2 Bedroom | $861 |
| 3 Bedroom | $1,153 |
| 4 Bedroom | $1,176 |
Income Limits - Monroe County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $19,750
- Low (80%)
- $31,600
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $22,600
- Low (80%)
- $36,100
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $25,400
- Low (80%)
- $40,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $28,200
- Low (80%)
- $45,100
- Extremely Low (30%)
- $30,500
- Very Low (50%)
- $30,500
- Low (80%)
- $48,750
- Extremely Low (30%)
- $32,750
- Very Low (50%)
- $32,750
- Low (80%)
- $52,350
- Extremely Low (30%)
- $35,000
- Very Low (50%)
- $35,000
- Low (80%)
- $55,950
- Extremely Low (30%)
- $37,250
- Very Low (50%)
- $37,250
- Low (80%)
- $59,550
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $19,750 | $31,600 |
| 2 Persons | $17,420 | $22,600 | $36,100 |
| 3 Persons | $21,960 | $25,400 | $40,600 |
| 4 Persons | $26,500 | $28,200 | $45,100 |
| 5 Persons | $30,500 | $30,500 | $48,750 |
| 6 Persons | $32,750 | $32,750 | $52,350 |
| 7 Persons | $35,000 | $35,000 | $55,950 |
| 8 Persons | $37,250 | $37,250 | $59,550 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Tellico Plains, TN?+
The Fair Market Rent (FMR) for Monroe County, TN is: $584 (Studio), $685 (1BR), $861 (2BR), $1153 (3BR), $1176 (4BR). Actual rent at subsidized properties like Raintree Apts is typically 30% of household income or less.
What size apartments are available at Raintree Apts?+
Raintree Apts offers the following unit types: 32 One-Bedroom, 7 Two-Bedroom units, for a total of 39 units.
What are the income limits for affordable housing in Monroe County, TN?+
For a 4-person household in Monroe County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $28,200, Low Income (80% AMI): $45,100. These limits are set by HUD and updated annually.
What is the price range for apartments in Tellico Plains, TN?+
Based on Fair Market Rent for Monroe County, the estimated price range is: 1-bedroom: $685, 2-bedroom: $861. Actual rent at Raintree Apts may be lower for income-eligible households.
Who manages Raintree Apts?+
Raintree Apts is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at Raintree Apts?+
Raintree Apts is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
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Nearby Schools
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