Powell, TN—37849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Powell, TN
As of Oct '25, the median home price in Powell, TN is $351,000, with a year-over-year change of 0.8%. This indicates that home prices in Powell, TN are flat. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $351,000 | 0.8% |
| Single Family | $353,000 | 0.9% |
| Condos | $293,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | -0.4% |
3 Bed | $353,000 | 0.6% |
4 Bed | $430,000 | 0.5% |
| 5 Bed | $547,000 | 0.9% |
% of Housing Stock
Rental Trends — Powell, TN
As of July '25, Rentcast reports the average rent in Powell, TN is $2,030, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Powell, TN is 1-bedrooms: $1,480, 2-bedrooms: $1,530, 3-bedrooms: $2,170, 4-bedrooms: $2,380. The most common rental property sizes in Powell, TN are 2-bedroom and 3-bedroom, accounting for 41.6% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,480 | $1,480 |
| 2 Bed Rent | $1,450 | $1,530 |
| 3 Bed Rent | $2,220 | $2,170 |
| 4 Bed Rent | $2,380 | $2,380 |
% of Rental Stock
Property Listings — Powell, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Powell, TN is 68. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $401,000 | -1.0% |
Listing Count | 164 | 7.0% |
| Listings as % of Homes | 0.7% | 7.0% |
Days on Market | 68 | 12.0% |
Demographics — Powell, TN
As of the latest ACS Survey released in 2023, Powell, TN has a population of 28,900, which has increased by 6.7% over the past 5 years. Powell, TN is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 28,900 | 6.7% |
% Under 18 | 22.4% | -4.7% |
% Seniors | 17.9% | 10.5% |
% WFH | 12.1% | 227.0% |
% w/ College Degree | 32.3% | 22.8% |
As of the latest ACS Survey released in 2023, Powell, TN is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Powell, TN is hispanic, making up 5.6% of the population. Foreign-born residents account for 2.8% of the population in Powell, TN, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.3% | -5.8% |
% Black | 2.5% | 212.5% |
% Hispanic | 5.6% | 143.5% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 2.8% | 16.7% |
Mortgage and Risk — Powell, TN
According to HUD data as of 2023, there were 703 mortgage originations in Powell, TN, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Powell, TN. Investor activity is low, as 2.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 703 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Powell, TN
As of 2024, the percent of homes in Powell, TN under the Section 8 program is 13.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Powell, TN, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 287 |
Total Units Section 8 | 287 |
% Rentals under Section 8 | 13.3% |
% Occupied Section 8 | 85.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,480 | $1,130 |
| 2 Bedroom | -$60 | $1,450 | $1,390 |
| 3 Bedroom | -$430 | $2,220 | $1,790 |
| 4 Bedroom | -$280 | $2,380 | $2,100 |
Affordability — Powell, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $351,000 |
| Median Household Income | $83,400 |