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Powell

Learn about the people, housing, costs and businesses in Powell, Tennessee

Median Home$296,003
Median Rent$1,032/month
Population13,722
Leading IndustriesWholesale Trade · Transportation · Professional Services11% wholesale trade
Home Value Growth⬆⬆+16.1% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners77% of occupied units
Powell
TN

Frequently Asked Questions

What are today's mortgage rates in Powell?

As of today, the 30-year fixed mortgage rate for Powell is approximately 6.947% (6.985% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Powell?

The median home value in Powell is $296k. The median monthly rent is $1,032. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Powell?

Home values in Powell have increased 16.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Powell?

Based on a typical all-in ownership cost of $1,180/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $51k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Powell is $80k/year.

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What industries drive the economy in Powell?

The largest employment sectors in Powell are public administration (21%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.