About This Property
Five Points 3 is an 80-unit affordable housing community in Knoxville, Tennessee that has been in service since 2019. The property offers a mix of floor plans with 48 one-bedroom, 14 two-bedroom, and 18 three-bedroom units designed for low-income residents. Professional management oversees day-to-day operations at the property.
Waitlist Information
Waitlist managed by Knoxville Community Development Corporation
KCDC uses site-based waiting lists, so applicants must designate and apply for each property in which they are interested. All of KCDC’s properties have waiting lists.
Housing Choice Voucher applications are only accepted on the second Wednesday of each month from 8:00 a.m.-3:00 p.m. Applications will be processed by date and time received.
Waitlist data provided by section8waitlist.org
Updated April 18, 2026
Property Details
Fair Market Rent - Knox 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 | $985 |
| 1 Bedroom | $1,000 |
| 2 Bedroom | $1,221 |
| 3 Bedroom | $1,578 |
| 4 Bedroom | $1,833 |
Income Limits - Knox County, TN
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,350
- Very Low (50%)
- $25,550
- Low (80%)
- $40,900
- Extremely Low (30%)
- $17,550
- Very Low (50%)
- $29,200
- Low (80%)
- $46,750
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $32,850
- Low (80%)
- $52,600
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $36,500
- Low (80%)
- $58,400
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $39,450
- Low (80%)
- $63,100
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $42,350
- Low (80%)
- $67,750
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $45,300
- Low (80%)
- $72,450
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $48,200
- Low (80%)
- $77,100
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,350 | $25,550 | $40,900 |
| 2 Persons | $17,550 | $29,200 | $46,750 |
| 3 Persons | $21,960 | $32,850 | $52,600 |
| 4 Persons | $26,500 | $36,500 | $58,400 |
| 5 Persons | $31,040 | $39,450 | $63,100 |
| 6 Persons | $35,580 | $42,350 | $67,750 |
| 7 Persons | $40,120 | $45,300 | $72,450 |
| 8 Persons | $44,660 | $48,200 | $77,100 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Knoxville, TN?+
The Fair Market Rent (FMR) for Knox County, TN is: $985 (Studio), $1000 (1BR), $1221 (2BR), $1578 (3BR), $1833 (4BR). Actual rent at subsidized properties like Five Points 3 is typically 30% of household income or less.
What size apartments are available at Five Points 3?+
Five Points 3 offers the following unit types: 48 One-Bedroom, 14 Two-Bedroom, 18 Three-Bedroom units, for a total of 80 units.
Who manages Five Points 3?+
Five Points 3 is managed by . You can reach them at . Visit their website for more information.
Is there a waitlist for Five Points 3?+
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.
How do I apply for housing at Five Points 3?+
Five Points 3 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 Knox County, TN?+
For a 4-person household in Knox County, TN, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $36,500, Low Income (80% AMI): $58,400. These limits are set by HUD and updated annually.
What is the price range for apartments in Knoxville, TN?+
Based on Fair Market Rent for Knox County, the estimated price range is: 1-bedroom: $1000, 2-bedroom: $1221, 3-bedroom: $1578. Actual rent at Five Points 3 may be lower for income-eligible households.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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