Total monthly cost of ownership
Cost to Own a Home in Powell, Tennessee
A $265,000 home here costs
$1,981per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,362. The real number is $619 higher every month — 45% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Powell against Knox County and Tennessee
| Measure | Powell | Knox County |
|---|---|---|
| Median home value | $264,500 | $279,700 |
| Median property tax | $1,059 | $1,332 |
| Effective tax rate | 0.400% | 0.476% |
| Median gross rent | $1,153 | $1,180 |
| Population | 13,544 | 487,401 |
The weather behind that power bill
Powell sits in Knox County, which averages a high of 88.4°F in its hottest month and a low of 30.0°F in its coldest, with 51.93" of precipitation a year and 28% of it in a single three-month stretch. That climate drives 1,574 cooling and 3,528 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Knox County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Knox County
Common questions
How much does it cost to own a home in Powell?
A $265,000 home in Powell, Tennessee costs approximately $1,981 per month with 20% down at 6.66%. That is $1,362 principal and interest, $88 property tax, $112 homeowners insurance, $198 utilities and $221 set aside for maintenance.
What is the property tax rate in Powell?
Powell has an effective property tax rate of 0.400%, based on a median home value of $264,500 and median real estate taxes of $1,059. That is lower than the Knox County average of 0.476%.
What is the average home price in Powell?
The median owner-occupied home value in Powell, Tennessee is $264,500, against $279,700 across Knox County.
Is it cheaper to rent or buy in Powell?
Median gross rent in Powell is $1,153 a month, against $1,981 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Powell — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Tennessee.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.