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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 14,163 people, 4,443 houses or apartments, and a median cost of homes of $572,670, 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 95.32% of Powell's homes, and 78.54% 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 ( 48.77%). A lesser amount of the housing stock also hails from before 1939 ( 1.66%).

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 71.88%, which ranks in the top 40% nationwide. This equates to an annual average Powell house appreciation rate of 5.57%.

NeighborhoodScout's data show that during the latest twelve months, Powell's appreciation rate, at 19.46%, has been at or slightly above the national average. In the latest quarter, Powell's appreciation rate has been 7.45%, which annualizes to a rate of 33.30%.

Relative to Ohio, our data show that Powell's latest annual appreciation rate is higher than 80% 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:
$572,670

Powell, OH HOME PRICES

> $1,307,000
2.5%
2.5%
$980,001 - $1,307,000
5.9%
5.9%
$653,001 - $980,000
15.8%
15.8%
$523,001 - $653,000
21.4%
21.4%
$392,001 - $523,000
34.6%
34.6%
$261,001 - $392,000
15.2%
15.2%
$131,001 - $261,000
3.2%
3.2%
$65,001 - $131,000
1.2%
1.2%
$0 - $65,000
0.3%
0.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OH

Value Relative To Nation

Number Of Homes And Apartments:
4,443

Powell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
82.57% 2.77%
8
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,840 / per month

Homeownership Rate

Owners
95.3%
95.3%
Renters
4.7%
4.7%
Vacant
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
48.8%
48.8%
1970 - 1999
49.6%
49.6%
1940 - 1969
0.0%
0.0%
1939 or Older
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
83.3%
83.3%
Townhomes
11.1%
11.1%
Small Apt. Buildings
4.3%
4.3%
Apt. Complexes
1.4%
1.4%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
1.5%
1.5%
2 Bedrooms
9.1%
9.1%
3 Bedrooms
23.2%
23.2%
4 Bedrooms
55.3%
55.3%
5 or more bedrooms
10.9%
10.9%
0.0% 100.0%
% OF HOMES