The typical owner-occupied home in Powell is worth about $251,400, 11% below the Texas median of $283,800 and 24% below the national median of $332,700. Owners pay a median $1,588 a year in property taxes, about 0.63% of their home's value, lower than the Texas rate of 1.49%. The median household earns $26,667 a year, so the median home costs 9.4 times the median income (3.6 times for Texas). 83% of occupied homes here are lived in by their owners, and 81% of those owners still have a mortgage.
Powell at a glance
| Powell | Texas | U.S. | |
|---|---|---|---|
| Median home value | $251,400 | $283,800 | $332,700 |
| Median property tax paid per year | $1,588 | $4,232 | $3,119 |
| Property tax as a share of value | 0.63% | 1.49% | 0.94% |
| Median household income | $26,667 | $78,476 | $80,734 |
| Homes lived in by their owners | 83% | 63% | 65% |
| Owner homes with a mortgage | 81% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,596 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 21.7% | 21.0% |
| Median rent | – | $1,403 | $1,413 |
| Median year homes were built | 1968 | 1992 | 1980 |
| Vacant homes | 32.5% | 9.4% | 10.1% |
| Population | 104 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Powell
At this week's average 30-year rate of 7.11%, buying the median Powell home of $251,400 with 20% down costs about $1,590 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,008, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $68,130 for the 20%-down payment. That payment is 72% of the median Powell household income of $26,667; at that income and 20% down, the 28% guideline points to a home of about $98,000.
| Down payment | $50,280 |
|---|---|
| Loan amount | $201,120 |
| Principal and interest | $1,353 |
| Property taxes (0.63% a year) | $132 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| PMI | $0 |
| Total per month | $1,590 |
Change the numbers in the calculator
| Down payment | $8,799 |
|---|---|
| Loan amount | $246,847 |
| Principal and interest | $1,661 |
| Property taxes (0.63% a year) | $132 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| FHA mortgage insurance | $111 |
| Total per month | $2,008 |
Change the numbers in the calculator
Questions about home buying in Powell
What is the median home value in Powell?
About $251,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Powell?
Homeowners pay a median $1,588 a year, which is about 0.63% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Powell?
For the median home with 20% down at 7.11%, the payment is about $1,590 a month. Keeping that under 28% of gross income takes about $68,130 a year.
More about Powell
- Mortgage Refinance in Powell
- Debt Relief in Powell
- Home Equity Loans in Powell
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data