About This Property
Walters Ridge Apartments comprises 88 low-income units in Morristown, Tennessee, designed to serve elderly residents. The property offers a mix of 44 one-bedroom and 44 two-bedroom units and was placed in service in 2017. This Hamblen County community is managed by professional on-site staff.
Waitlist Information
Waitlist managed by Morristown Housing Authority
Wait times vary. Applications require in-person submission of documents and signing of forms within five business days of online pre-application. Position on the waiting list is based on date and time of application, as well as unit size or type required. Screening for suitability and eligibility occurs when the name is approximately 60 days from reaching the top of the waiting list. TVHS does not do emergency placement. Incomplete applications will not be processed.
Wait times vary. Applications require in-person submission of documents and signing of forms within five business days of online pre-application. Position on the waiting list is based on date and time of application, as well as unit size or type required. Screening for suitability and eligibility occurs when the name is approximately 60 days from reaching the top of the waiting list. TVHS does not do emergency placement. Incomplete applications will not be processed.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Hamblen 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 | $787 |
| 1 Bedroom | $792 |
| 2 Bedroom | $1,023 |
| 3 Bedroom | $1,375 |
| 4 Bedroom | $1,653 |
Income Limits - Hamblen County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $12,880
- Very Low (50%)
- $20,350
- Low (80%)
- $32,550
- Extremely Low (30%)
- $17,420
- Very Low (50%)
- $23,250
- Low (80%)
- $37,200
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $26,150
- Low (80%)
- $41,850
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $29,050
- Low (80%)
- $46,500
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $31,400
- Low (80%)
- $50,250
- Extremely Low (30%)
- $33,700
- Very Low (50%)
- $33,700
- Low (80%)
- $53,950
- Extremely Low (30%)
- $36,050
- Very Low (50%)
- $36,050
- Low (80%)
- $57,700
- Extremely Low (30%)
- $38,350
- Very Low (50%)
- $38,350
- Low (80%)
- $61,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $12,880 | $20,350 | $32,550 |
| 2 Persons | $17,420 | $23,250 | $37,200 |
| 3 Persons | $21,960 | $26,150 | $41,850 |
| 4 Persons | $26,500 | $29,050 | $46,500 |
| 5 Persons | $31,040 | $31,400 | $50,250 |
| 6 Persons | $33,700 | $33,700 | $53,950 |
| 7 Persons | $36,050 | $36,050 | $57,700 |
| 8 Persons | $38,350 | $38,350 | $61,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Morristown, TN?+
The Fair Market Rent (FMR) for Hamblen County, TN is: $787 (Studio), $792 (1BR), $1023 (2BR), $1375 (3BR), $1653 (4BR). Actual rent at subsidized properties like Walters Ridge Apartments is typically 30% of household income or less.
What size apartments are available at Walters Ridge Apartments?+
Walters Ridge Apartments offers the following unit types: 44 One-Bedroom, 44 Two-Bedroom units, for a total of 88 units.
What is the price range for apartments in Morristown, TN?+
Based on Fair Market Rent for Hamblen County, the estimated price range is: 1-bedroom: $792, 2-bedroom: $1023. Actual rent at Walters Ridge Apartments may be lower for income-eligible households.
How do I apply for housing at Walters Ridge Apartments?+
Walters Ridge Apartments 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.
What are the income limits for affordable housing in Hamblen County, TN?+
For a 4-person household in Hamblen County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $29,050, Low Income (80% AMI): $46,500. These limits are set by HUD and updated annually.
Is there a waitlist for Walters Ridge Apartments?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
Who manages Walters Ridge Apartments?+
Walters Ridge Apartments is managed by . You can reach them at . Visit their website for more information.
Who is eligible to live at Walters Ridge Apartments?+
Walters Ridge Apartments primarily serves elderly residents. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Contact Information
Walk Score
Almost All Errands Require a Car
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
More Affordable Housing Near Walters Ridge Apartments
Morristown Housing Authority
Morristown, TN
1095 UnitsMichael Street Duplex
Morristown, TN
2 Units
C. Frank Davis Homes Ext.
Morristown, TN
2 UnitsKnob Hill Apts (Morristown)
Morristown, TN
48 UnitsHenry Manor
Morristown, TN
50 UnitsOakwood Garden Apts
Morristown, TN
8 Units