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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 $294,333, lower than the Tennessee average of $315,131.
The average cost of rent is $1,292/mo in Powell, primarily driven by the current value of real estate in the Powell area. In Powell, 17.66% of households rent, and 41.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Powell is $6,876 per month. Households that rent pay about 18.78% of their income on rent here. Powell’s most expensive areas are in the central 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
- Heiskell, TN: less expensive homes
- Knoxville, TN: equally priced homes
- Edgemoor, TN: equally priced homes
- Clinton, TN: less expensive homes
- Norris, TN: equally priced homes
- Melbourne, TN: equally priced homes
- Seeber Flats, TN: less expensive homes
- Laurel Grove, TN: less expensive homes
- Oak Ridge, TN: equally priced homes
- Corryton, TN: less expensive homes
Cities with Similar Populations
- Hatillo, PR: less expensive homes
- Stillwater, MN: higher priced homes
- Stephenville, TX: equally priced homes
- Springboro, OH: higher priced homes
- South Windsor, CT: higher priced homes
- South Portland, ME: higher priced homes
- South Pasadena, CA: higher priced homes
- South Laurel, MD: higher priced homes
- Shoreview, MN: higher priced homes
- Shelbyville, IN: less expensive homes
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