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Affordable
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These days, finding an affordable place to live in the Powell area can be challenging. Home prices in Powell are now at a median cost of $201,605, lower than the Alabama average of $228,911.
The average cost of rent is $831/mo in Powell, primarily driven by the current value of real estate in the Powell area. In Powell, 24.15% of households rent, and 63.60% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Powell is $5,295 per month. Households that rent pay about 15.70% of their income on rent here. Powell’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Powells Crossroads, AL: equally priced homes
- Rainsville, AL: equally priced homes
- Shiloh, AL: less expensive homes
- Section, AL: less expensive homes
- Sylvania, AL: less expensive homes
- Dutton, AL: less expensive homes
- Fyffe, AL: less expensive homes
- Hodge, AL: less expensive homes
- Pine Ridge, AL: less expensive homes
- Groveoak, AL: less expensive homes
Cities with Similar Populations
- Rockford, IA: less expensive homes
- Moapa, NV: higher priced homes
- Moores, GA: higher priced homes
- Mount Olive, WV: less expensive homes
- Murry, MO: higher priced homes
- Normangee, TX: equally priced homes
- North Hills, WV: higher priced homes
- Polonia, WI: higher priced homes
- Ponderay, ID: higher priced homes
- Robie Creek, ID: higher priced homes
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