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Powells Crossroads

Learn about the people, housing, costs and businesses in Powells Crossroads, Tennessee

Median Home$205,200
Median Rent$697/month
Population1,343
Leading IndustriesRetail · Transportation21% retail
Home Value Growth⬆⬆⬆+34.6% over 2 years
Young Adults37% of residentstop 4% nationally
Homeowners85% of occupied units
Powells Crossroads
TN

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Frequently Asked Questions

What are today's mortgage rates in Powells Crossroads?

As of today, the 30-year fixed mortgage rate for Powells Crossroads is approximately 7.025% (7.066% 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 Powells Crossroads?

The median home value in Powells Crossroads is $205k. The median monthly rent is $697. Annual property taxes average $893. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Powells Crossroads?

Home values in Powells Crossroads have increased 34.6% 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 Powells Crossroads?

Based on a typical all-in ownership cost of $664/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Powells Crossroads is $65k/year.

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What industries drive the economy in Powells Crossroads?

The largest employment sectors in Powells Crossroads are public administration (23%) and retail (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.