Situated in the Knoxville Metropolitan Area, Alcoa offers residents the charm of a small town with the amenities of a larger city. Major employers here include Alcoa Inc., one of the world's largest aluminum producers, and nearby DENSO Manufacturing and Smith & Wesson in Maryville. Amazon's recent $200 million investment in a facility in Alcoa underscores the region's economic growth and job creation. Also, The McGhee Tyson Airport within the city enhances its appeal, providing convenient travel options and attracting businesses.
The real estate market in Alcoa is characterized by appreciating property values and affordability. Over the past decade, median home prices have appreciated 20.5%, indicating a robust and growing market. Neighborhoods like Springbrook, Andover Place, and St. Thomas Point are particularly desirable, offering a mix of established communities and new developments. These areas provide a range of housing options, from affordable starter homes to more upscale properties, catering to different investment strategies. The combination of major employers, recreational attractions, and appealing neighborhoods positions Alcoa as a promising market for investors who are looking for both stability and growth potential.