According to statistics, the population in Alcoa, TN amounts to 9,343, which shows growth 3% compared to the previous year. The median age of the city’s residents is 40. The average household income is $41,889, shifting growth 13% from the past year, and the average property value in Alcoa, TN decline 0% to $122,300 throughout the year.
|Number Of Employees||4,154|
|Median Property Value||$122,300|
The average household income in Alcoa, TN grew from $37,007 to $41,889 in the past year. This data is an estimate based upon 3,784 households in Alcoa, TN . The chart below presents how household income is distributed in Alcoa, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Alcoa, TN shifted from $121,900 to $122,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Alcoa, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Alcoa, TN properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Alcoa, TN compared to median property taxes around the country. The prevalent amount of property taxes in Alcoa, TN equals $1150, which is less than the national average.
During Nov 2022, the average price for an apartment in/near Alcoa, TN decreased by 18.9% to $326,928.
Asking price for 2-bed apartment also increased by 13.8% and a place of this size will now cost you $206,486. A 3-bed apartment goes for $403,521, it increased by 19.6% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 42% and made it down to $458,717.
While assessing the property pricing Alcoa, TN, you can note that it remains flat with a price tag of $825,000. Price reports demonstrate that house price decreased by 20.8% this month making it up to $328,007. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $250,000. An average value of duplex is $700,000, thus a median price for a duplex remains the same this month.