Powell, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Powell, OH Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Powell Housing Market Information

With 12,972 people, 3,994 houses or apartments, and a median cost of homes of $389,087, 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 94.50% of Powell's homes, and 83.20% 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. 51.43% 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 ( 44.71%), and between 1940-1969 ( 2.37%). There's also some housing in Powell built before 1939 ( 1.48%).

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 8.58%, which ranks in the top 40% nationwide. This equates to an annual average Powell house appreciation rate of 0.83%.

NeighborhoodScout's data show that during the latest twelve months, Powell's appreciation rate, at 4.50%, has been at or slightly above the national average. In the latest quarter, Powell's appreciation rate has been 0.34%, which annualizes to a rate of 1.37%.

Relative to Ohio, our data show that Powell's latest annual appreciation rate is higher 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:
$389,087

Powell, OH HOME PRICES

Value Range
> $1,139,000 1.7
$854,001 - $1,139,000 3.3
$570,001 - $854,000 13.5
$456,001 - $570,000 12.5
$342,001 - $456,000 33.4
$228,001 - $342,000 24.7
$114,001 - $228,000 8.6
$57,001 - $114,000 1.2
$0 - $57,000 1.2

Very High for OH
Very High for Nation

Value Relative to Nation Value Relative to State
9.94960740653932 1.83727034120735

Number Of Homes And Apartments:
3,994

Powell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
28.04% 1.44% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,278 / per month

Homeownership Rate

Homeownership
Owners 94.50
Renters 5.50
Vacant 6.16

Housing Market Details

 

Age of Homes

AGE OF Powell HOMES
2000 or Newer 51.4
1970 - 1999 44.7
1940 - 1969 2.4
1939 or Older 1.5

Types of Homes

TYPE OF Powell HOMES
Single-Family 87.0
Townhomes 10.7
Small Apt. Buildings 2.3
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Powell HOMES
No Bedroom 0.00
1 Bedroom 1.34
2 Bedrooms 7.24
3 Bedrooms 21.95
4 Bedrooms 61.25
5 or more bedrooms 8.22