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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Powell, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Powell, OH Housing Market Trends

With 14,390 people, 4,893 houses or apartments, and a median cost of homes of $657,857, Powell house prices are not only among the most expensive in Ohio, Powell real estate also is some of the most expensive in all of America.

Powell is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Powell than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Powell. Owner-occupied housing accounts for 91.88% of Powell's homes, and 76.50% have either three or four bedrooms, which is average sized relative to America.

Powell homes and real estate are some of the newest in America. 51.91% of Powell's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Powell real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.74%), and before 1939 ( 3.14%).

Powell Home Appreciation Rates

Appreciation rates for homes in Powell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.13%, which ranks in the top 40% nationwide. This equates to an annual average Powell house appreciation rate of 6.69%.

NeighborhoodScout's data show that during the latest twelve months, Powell's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Powell's appreciation rate has been -0.99%, which annualizes to a rate of -3.89%.

Notably, Powell's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Powell's latest annual appreciation rate is lower than 70% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Powell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Powell - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Powell real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$657,857

Powell, OH Home Prices
> $1,285,000
$964,001 - $1,285,000
$643,001 - $964,000
$514,001 - $643,000
$385,001 - $514,000
$257,001 - $385,000
$129,001 - $257,000
$64,001 - $129,000
$0 - $64,000
5.7%
5.7%
9.8%
9.8%
25.4%
25.4%
30.5%
30.5%
17.0%
17.0%
9.6%
9.6%
1.0%
1.0%
0.5%
0.5%
0.6%
0.6%
0% 100.0%
% of Homes
Very High

for Ohio

Very High

for nation

Number of Homes And Apartments:

4,893

Powell Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,600 / per month

Homeownership Rate

Owners
Renters
91.9%
91.9%
8.1%
8.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.5%
7.5%
92.5%
92.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
51.9%
51.9%
44.7%
44.7%
0.2%
0.2%
3.1%
3.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
81.5%
81.5%
10.0%
10.0%
3.6%
3.6%
5.0%
5.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
2.5%
2.5%
8.9%
8.9%
23.4%
23.4%
53.1%
53.1%
11.5%
11.5%
0% 100.0%
% of Homes