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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 13,375 people, 4,390 houses or apartments, and a median cost of homes of $492,768, 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 97.90% of Powell's homes, and 78.31% 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. 52.71% 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 ( 44.96%), and before 1939 ( 1.42%).

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 47.41%, which ranks in the top 30% nationwide. This equates to an annual average Powell house appreciation rate of 3.96%.

Appreciation rates are so strong in Powell that despite a nationwide downturn in the housing market, Powell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Powell appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 76.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Powell. Powell appreciation rates in the latest quarter were at 2.52%, which equates to an annual appreciation rate of 10.45%.

Relative to Ohio, our data show that Powell's latest annual appreciation rate is higher than 50% 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:
$492,768

Powell, OH HOME PRICES

> $1,196,000
2.7%
2.7%
$897,001 - $1,196,000
4.8%
4.8%
$598,001 - $897,000
16.2%
16.2%
$478,001 - $598,000
17.8%
17.8%
$359,001 - $478,000
37.2%
37.2%
$239,001 - $359,000
16.0%
16.0%
$120,001 - $239,000
3.5%
3.5%
$60,001 - $120,000
1.0%
1.0%
$0 - $60,000
0.7%
0.7%
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:
4,390

Powell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
62.28% 2.33%
9
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,763 / per month

Homeownership Rate

Owners
97.9%
97.9%
Renters
2.1%
2.1%
Vacant
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
52.7%
52.7%
1970 - 1999
45.0%
45.0%
1940 - 1969
0.9%
0.9%
1939 or Older
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
85.3%
85.3%
Townhomes
10.8%
10.8%
Small Apt. Buildings
3.0%
3.0%
Apt. Complexes
0.8%
0.8%
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
1.2%
1.2%
2 Bedrooms
8.8%
8.8%
3 Bedrooms
17.7%
17.7%
4 Bedrooms
60.6%
60.6%
5 or more bedrooms
11.7%
11.7%
0.0% 100.0%
% OF HOMES