The housing market in Alcoa, TN is booming. The median value of a house in Alcoa is $245,600, which is significantly lower than the national median of $338,100. However, what makes Alcoa's housing market even more attractive is that its 1 year house appreciation rate is 20.51%, much higher than the national average of 8.27%. This means that people who invest in Alcoa's housing market are likely to see their investment grow substantially over time. It's no surprise then that the future looks bright for Alcoa's housing market.
The median home cost in Alcoa is $245,600. Home appreciation the last 10 years has been 106.5%. Home Appreciation in Alcoa is up 25.0%.
Average Age of Homes
- The median age of Alcoa real estate is 48 years old
The Rental Market in Alcoa
- Renters make up 28.8% of the Alcoa population
- 1.1% of houses and apartments in Alcoa, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.