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Foreclosure Homes in Alcoa, TN 37701

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Alcoa, TN Foreclosures

How much do homes sell for in Alcoa, TN?
The average home price is currently $343,558.
In Alcoa, TN, how many homes are available?
There are currently 20 active home listings available in Alcoa.
What’s the average rental cost in Alcoa, TN?
The average rental price in Alcoa is $1,207.
What is the most expensive home in Alcoa?
The most expensive home sold in Alcoa had a price of $8,900,412.
What is currently the cheapest priced home in Alcoa, TN?
The cheapest home for sale in Alcoa is priced at $16,568.

Living in Alcoa, TN

Alcoa, Tennessee, is a charming city adjacent to Knoxville, known for its friendly community and beautiful scenic views. It offers a variety of outdoor activities, highly rated schools, and a growing economy. With easy access to major highways and close proximity to the Great Smoky Mountains, Alcoa is a wonderful place for families and nature lovers alike.

Current Market Conditions in Alcoa, TN

The real estate market in Alcoa, TN, has shown steady growth over the past year, with increasing demand for homes due to the city's affordability and quality of life. As more families are attracted to the area, home values have appreciated, making it a promising location for real estate investment.

With continued development in the area and its proximity to major employers in Knoxville, Alcoa is experiencing a positive shift in its market conditions, leveraging the influx of new residents seeking both rental properties and homes to purchase.

Home Value Estimator For Alcoa, TN

There are currently 3,458 real estate properties in Alcoa, TN, with a median automated valuation model (AVM) price of $267,383.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Alcoa, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Alcoa, TN, is $343,558.00, with the most expensive house in Alcoa, TN, topping out at $8,900,412.00 and the cheapest home in Alcoa, TN, clocking in at $16,568.00. In other words, there’s something for every potential homebuyer or savvy investor in Alcoa, TN!

Rent Prices In Alcoa, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Alcoa, TN, is on a rollercoaster ride. The average rent price in Alcoa, TN, is $1,207.00. Indeed, when looking to rent in Alcoa, TN, you can expect to pay as little as $540.00 or as much as $2,820.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Alcoa, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Alcoa, TN 37701 Foreclosures

Market Trend for Alcoa, TN

Total Listings Available: 20

Market Values:

Home Prices from $16,568 to $8,900,412

Average Sales Price: $343,558

Rental Values:

Rental from $540 to $2,820

Average Rent Value: $1,207 / month

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