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Alcoa, TN Real Estate


According to census data in the year 2000 there were 3,733 housing units in Alcoa. This represents a 29.1% growth from 2,892 in 1990.

Of those housing units, 3,722 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.

Homeownership rate in Alcoa is about 68.1%. Alcoa's vacancy rate, including seasonal lodging, is about 9.1%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Alcoa were built after 1961.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom7.20%
Two Bedrooms37.60%
Three Bedrooms42.90%
Four Bedrooms9%
Five Bedrooms or more2.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.25
Median year structure was built1960
Median Value of occupied units$84,200
Median Price asked for vacant units$57,900

Rented Homes, Apartments and Condos

Average Household Size2.14
Median year structure was built1962
Median Monthly Rent asked for vacant units$383

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7%
Home Equity Loan4%
Simple Mortgage45.70%
Debt Free43.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%