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Powell

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

Median Home$169,767
Median Rent$892/month
Population104
Leading IndustriesProfessional Services · Wholesale Trade · Arts, Food & Hospitality5% professional services
Home Value Growth+9.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners76% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Powell
TX

Frequently Asked Questions

What are today's mortgage rates in Powell?

As of today, the 30-year fixed mortgage rate for Powell is approximately 6.946% (6.984% 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 $170k. The median monthly rent is $892. Annual property taxes average $2k. 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 9.1% over the past two years. This represents moderate growth. 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 $875/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Powell is $64k/year.

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What industries drive the economy in Powell?

The largest employment sectors in Powell are public administration (22%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.