Powell, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Powell, TN 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 a population of 28,447, 2,106 total housing units (homes and apartments), and a median house value of $167,862, Powell real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Powell, accounting for 71.12% of the town's housing units. Other types of housing that are prevalent in Powell include mobile homes or trailers ( 18.12%), row houses and other attached homes ( 6.56%), and a few large apartment complexes or high rise apartments ( 2.42%).

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 79.72% of Powell's homes, and 70.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Powell built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Powell built between 2000 and later ( 22.91%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.38%). There's also some housing in Powell built before 1939 ( 2.29%).

Vacant housing appears to be an issue in Powell. Fully 10.47% of the housing stock is classified as vacant. Left unchecked, vacant Powell homes and apartments can be a drag on the real estate market, holding Powell real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 4.19%, which ranks in the top 50% nationwide. This equates to an annual average Powell house appreciation rate of 0.41%.

NeighborhoodScout's data show that during the latest twelve months, Powell's appreciation rate, at 3.48%, has been at or slightly above the national average. In the latest quarter, Powell's appreciation rate has been 0.56%, which annualizes to a rate of 2.26%.

Relative to Tennessee, our data show that Powell's latest annual appreciation rate is lower than 50% of the other cities and towns in Tennessee.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:
$167,862

Powell, TN HOME PRICES

Value Range
> $1,084,000 0.3
$813,001 - $1,084,000 0.3
$542,001 - $813,000 1.2
$434,001 - $542,000 1.2
$325,001 - $434,000 5.9
$217,001 - $325,000 20.2
$109,001 - $217,000 44.2
$54,001 - $109,000 14.8
$0 - $54,000 12.0

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
42.4938474159147 20.4081632653061

Number Of Homes And Apartments:
2,106

Powell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
38.55% 1.91% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,012 / per month

Homeownership Rate

Homeownership
Owners 79.72
Renters 20.28
Vacant 10.47

Housing Market Details

 

Age of Homes

AGE OF Powell HOMES
2000 or Newer 22.9
1970 - 1999 60.4
1940 - 1969 14.4
1939 or Older 2.3

Types of Homes

TYPE OF Powell HOMES
Single-Family 71.1
Townhomes 6.6
Small Apt. Buildings 1.8
Apt. Complexes 2.4
Mobile Homes 18.1
Other 0.0

Home Size

SIZE OF Powell HOMES
No Bedroom 0.00
1 Bedroom 2.98
2 Bedrooms 22.34
3 Bedrooms 49.63
4 Bedrooms 21.18
5 or more bedrooms 3.86