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The community was first settled around 1801, two years before Ohio became a state. It was named "Middlebury" at the time, because the first settlers came from the Middlebury, Connecticut area. In 1857, Judge Thomas Powell established the first post office in the community, and the residents decided to adopt his name. Powell was finally incorporated as a municipality in 1947. The population remained small until the late 1980s, when residential development expanding from the northern Columbus metropolitan area reached Powell. In twenty years, the population rose from less than 400 to over 6,000.
As an upscale bedroom community for Columbus, lying within its statistical metropolitan area, most residents of Powell work in Columbus or one of its suburbs. Powell is noted for a historic central business district, which features a number of antique shops and similar enterprises. Powell contains mostly upscale and luxury neighborhoods, including Wedgewood, Golf Village, River Bend, Chambers Glenn, The Retreat, The Chase, Ashmoore, Olentangy Ridge, Canterbury and Sherbourne. Homes in Powell range from $50,000 to $3,000,000. Apart from this distinction, Powell is home to typical midwestern restaurants and supermarkets, but due to the wishes of the residents, past and present, does not host any major industrial, financial, or technological businesses.
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Powell is officially a city and is thus authorized by the laws of the State of Ohio to form a city school district. However, it instead continues to associate with the Olentangy Local School District. Powell is also home to a kindergarten to grade twelve private preparatory school Village Academy, and to a branch of the Delaware County District Library.
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Although Powell maintains its own police department, it is served by the Liberty Township Fire Department, which has two stations less than one mile from the northern and western borders of the city.
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