Zip Code:

37849, Powell, TN

37849 is a Tennessee Zip code within the city of Powell and the county of Knox County. Its population is roughly 26,485.

Powell Real Estate: A Look at the 37849 Zip Code

Home Equity and Home Prices in 37849

The 37849 zip code of Powell, TN has a median home value of $128,000. This is higher than the Tennessee median home value of $106,500. The zip code also has a lower than average unemployment rate of 3.9%. This indicates that there are more jobs available in this area than people looking for them. Additionally, the average commute time to work is only 22 minutes. This indicates that people living in this zip code are able to get to work quickly and easily.

One reason why the home values in this zip code are high is because it is located in a desirable area. The Powell area has many amenities that make it a desirable place to live including access to shopping and entertainment, good schools, and low crime rates. Additionally, the homes in this area are typically well-maintained which contributes to their high values.

Another factor that contributes to the high home values in this zip code is the low unemployment rate. When there are fewer jobs available, people have more money available to spend on housing prices. In addition, when there are more jobs available people can afford larger homes which leads to increased home equity values.

Overall, it appears that both home equity and home prices have increased significantly over the past few years in 37849. This indicates that there is strong demand for housing within this area and that buyers should be prepared to pay a higher price for properties here than elsewhere in Tennessee or across the United States as a whole

Price Index: Knoxville, TN

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