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City Report · TN

Powell

Pop. 13,739·6th most expensive in Tennessee·Rental market data updated monthly for Powell, TN
Median rent (all units)
$2,172/mo
Year-over-Year
Stable
Month-over-Month
+4.7%
vs US Median
+$210
Rising (Monthly)
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Most AffordableMost Expensive
Powell · $2,172
More expensive than 68% of US cities · National median $1,962/mo
Affordability
32% of income
MODERATE
0%30% benchmark60%+

At $2,172/mo, rent takes about 32% of the local median household income, slightly above the 30% benchmark.

Income to afford
$87,000/yr
Local median income
$82,434/yr
Based on the 30%-of-income rule using Powell's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,130
2 BR
$1,390
3 BR
$1,790
4 BR+
$2,100
Fair Market Rent (HUD)
$1,390/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,172 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$26,064/yr
At $2,172/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.7% MoM), not inventory.
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Demographics

Who lives here

Powell, TN is majority owner-occupied, 30.6% of residents hold a bachelor's degree or higher.

Population
13,739
Median income
$82,434
Median age
37.5
Renters
21.1%
Age distribution
22.1%
23.7%
25.2%
17%
Under 1822.1%
18–3423.7%
35–5425.2%
55–6412%
65+17%
Gender
44.9%
55.1%
Male44.9%
Female55.1%
Race & ethnicity
85.5%
White85.5%
Black1.4%
Hispanic10.5%
Other2.5%
Education (25+)
32.4%
28.6%
30.6%
No HS diploma8.4%
HS diploma32.4%
Some college28.6%
Bachelor's+30.6%
Housing tenure
78.9%
21.1%
Owner78.9%
Renter21.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Powell, TN has changed in 5 years

Income
$74,443 → $82,434
up 10.7%
Population
13,855 → 13,739
down 0.8%
Renter share
24.6% → 21.1%
-3.5 pts
Bachelor's+
29.2% → 30.6%
+1.4 pts

On the earnings side, the typical household in Powell, TN now reports about $82,434, up from $74,443 in 2021. About 21.1% of households rent today, against 24.6% in 2021.

Community

Discussions about Powell

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View Powell rent history (2015–2026) →
Salary vs rent

Can you afford rent in Powell on your salary?

At $2,172/mo, how Powell rent compares to typical pay (30% rule).

By apartment size

Powell rent by bedroom count

Median rent for each apartment size in Powell. Click any size for full breakdown.

Local insights

Tips for renters in Powell

About renting in Powell, TN

Last updated: August 17, 2026

The median rent in Powell is $2,172/mo as of August 2026. A studio apartment averages $1,130/mo while a 2-bedroom runs $1,390/mo. One-bedroom apartments average $1,130/mo and 3-bedroom units go for $1,790/mo.

At 32% of local median household income ($82,434/yr), Powell ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Powell an affordable city for renters?

Powell is considered moderate for renters. At $2,172/mo, rent takes approximately 32% of the local median household income ($82,434/yr). The standard benchmark is 30%. Powell slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Powell?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,172/mo in Powell. The local median household income is $82,434/yr, meaning the typical Powell household falls short of that threshold.

Is rent going up or down in Powell?

Rent in Powell has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Powell rent compare to other cities in Tennessee?

Powell is one of the pricier cities in Tennessee for rent, ranking #6 out of 62 tracked cities at $2,172/mo.

Which nearby cities are cheaper to rent in than Powell?

Several nearby cities have lower median rents than Powell ($2,172/mo): Knoxville ($1,726/mo), Louisville ($1,800/mo), Farragut ($1,893/mo).

What percentage of Powell residents rent vs. own?

According to Census data, approximately 21.1% of Powell households are renters, while 78.9% are owner-occupied. Powell leans toward homeownership, which can mean a smaller rental inventory.

How does Powell rent compare to the national average?

Powell's median rent of $2,172/mo is $210 (11%) above the US national median of $1,962/mo. Within Tennessee, it ranks #6 out of 62 tracked cities.
Income Affordability
32%
MODERATE

At $2,172/mo, rent takes ~32% of Powell's median household income ($82,434/yr). The standard benchmark is 30%.

Powell 32%Benchmark 30%
State income taxNone
Run the Powell affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Powell, TN

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