Alcoa, TN


Highest Appreciating Alcoa Neighborhoods Since 2000

Alcoa, TN Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Alcoa Housing Market Information

With a population of 9,316, 3,835 total housing units (homes and apartments), and a median house value of $158,748, Alcoa real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Alcoa, accounting for 74.00% of the city's housing units. Other types of housing that are prevalent in Alcoa include large apartment complexes or high rise apartments ( 13.46%), mobile homes or trailers ( 5.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Alcoa. Owner-occupied housing accounts for 65.60% of Alcoa's homes, and 49.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Alcoa built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Alcoa built between 1940-1969 ( 37.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.45%). There's also some housing in Alcoa built before 1939 ( 11.66%).

Vacant housing appears to be an issue in Alcoa. Fully 11.43% of the housing stock is classified as vacant. Left unchecked, vacant Alcoa homes and apartments can be a drag on the real estate market, holding Alcoa real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Alcoa Home Appreciation Rates

Appreciation rates for homes in Alcoa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.33%, which ranks in the top 50% nationwide. This equates to an annual average Alcoa house appreciation rate of 0.03%.

NeighborhoodScout's data show that during the latest twelve months, Alcoa's appreciation rate, at 3.77%, has been at or slightly above the national average. In the latest quarter, Alcoa's appreciation rate has been 0.56%, which annualizes to a rate of 2.26%.

Relative to Tennessee, our data show that Alcoa's latest annual appreciation rate is higher than 50% of the other cities and towns in Tennessee.

Average Home Values


Median Home Value:


Value Range
> $1,089,000 0.5
$817,001 - $1,089,000 0.1
$545,001 - $817,000 1.6
$436,001 - $545,000 1.6
$327,001 - $436,000 5.2
$218,001 - $327,000 10.9
$109,001 - $218,000 38.9
$54,001 - $109,000 29.3
$0 - $54,000 11.8

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
46.2146958865581 24.7448979591837

Number Of Homes And Apartments:

Alcoa Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
36.39% 1.82% 5 4
* 10 is highest

Rent & Ownership


Average Market Rent:
$982 / per month

Homeownership Rate

Owners 65.60
Renters 34.40
Vacant 11.43

Housing Market Details


Age of Homes

2000 or Newer 12.4
1970 - 1999 38.6
1940 - 1969 37.3
1939 or Older 11.7

Types of Homes

Single-Family 74.0
Townhomes 2.3
Small Apt. Buildings 5.1
Apt. Complexes 13.5
Mobile Homes 5.2
Other 0.0

Home Size

No Bedroom 0.23
1 Bedroom 8.45
2 Bedrooms 39.54
3 Bedrooms 39.17
4 Bedrooms 9.84
5 or more bedrooms 2.77