37701, Alcoa, TN

Home Equity and Home Prices in the 37701 Zip Code of Alcoa, TN

There is no doubt that home equity is one of the most important assets a person can have. Not only does it provide financial stability and peace of mind, but it also provides a place to call home. In fact, according to The National Association of Realtors®, homeowners who have equity in their homes are more likely to stay in their homes for longer periods of time than those who do not.

This is due in part to the fact that homeowners with equity are more likely to be able to weather difficult economic times. They also tend to be better-informed about market conditions and are thus better equipped to make sound decisions when it comes time to sell or buy a home.

Accordingly, it should come as no surprise that home prices in the 37701 zip code of Alcoa, TN are among the highest in the state. In fact, according to data from The Tennessee Valley Association of Realtors®, the median price for single-family homes in this area was $269,900 as of March 2017. This represents an increase of 5% over the median price for single-family homes in 2016 and marks the 10th consecutive year that prices have increased!