Alcoa, TN—37701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Alcoa, TN
As of Oct '25, the median home price in Alcoa, TN is $295,000, with a year-over-year change of 1.4%. This indicates that home prices in Alcoa, TN are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $295,000 | 1.4% |
| Single Family | $298,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $240,000 | 2.1% |
3 Bed | $316,000 | 1.9% |
4 Bed | $568,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Alcoa, TN
As of July '25, Rentcast reports the average rent in Alcoa, TN is $1,760, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Alcoa, TN is studios: $1,440, 1-bedrooms: $1,480, 2-bedrooms: $1,500, 3-bedrooms: $1,930, 4-bedrooms: $2,500. The most common rental property sizes in Alcoa, TN are 2-bedroom and 3-bedroom, accounting for 52.7% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,760 |
| Studio Rent | $1,440 | $1,440 |
| 1 Bed Rent | $1,560 | $1,480 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,900 | $1,930 |
| 4 Bed Rent | $2,500 | $2,500 |
% of Rental Stock
Property Listings — Alcoa, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Alcoa, TN is 42. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $310,000 | -5.0% |
Listing Count | 44 | 13.0% |
| Listings as % of Homes | 0.3% | 13.0% |
Days on Market | 42 | -13.0% |
Demographics — Alcoa, TN
As of the latest ACS Survey released in 2023, Alcoa, TN has a population of 9,610, which has increased by 24.6% over the past 5 years. Alcoa, TN is a moderately popular place for families, as children make up 24.6% of the population. The area has a moderately educated workforce, with 34.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,610 | 24.6% |
% Under 18 | 24.6% | -2.0% |
% Seniors | 17.7% | -10.6% |
% WFH | 9.5% | 331.8% |
% w/ College Degree | 34.5% | 47.4% |
As of the latest ACS Survey released in 2023, Alcoa, TN is a predominantly white area, with 70.6% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Alcoa, TN is black, making up 13.8% of the population. Foreign-born residents account for 6.9% of the population in Alcoa, TN, and this percentage has increased by 56.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 70.6% | -9.1% |
% Black | 13.8% | 7.8% |
% Hispanic | 6.7% | -1.5% |
% Asian | 2.2% | 57.1% |
% Foreign Born | 6.9% | 56.8% |
Mortgage and Risk — Alcoa, TN
According to HUD data as of 2023, there were 201 mortgage originations in Alcoa, TN, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Alcoa, TN. Investor activity is low, as 9.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 201 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Alcoa, TN
As of 2024, the percent of homes in Alcoa, TN under the Section 8 program is 12.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Alcoa, TN, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 166 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 12.3% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$330 | $1,560 | $1,230 |
| 2 Bedroom | $10 | $1,500 | $1,510 |
| 3 Bedroom | $40 | $1,900 | $1,940 |
| 4 Bedroom | -$220 | $2,500 | $2,280 |
Affordability — Alcoa, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $295,000 |
| Median Household Income | $63,200 |