Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,530 people, 697 houses or apartments, and a median cost of homes of $208,157, house prices in Phillips are solidly below the national average.
Single-family detached homes are the single most common housing type in Phillips, accounting for 60.54% of the city's housing units. Other types of housing that are prevalent in Phillips include large apartment complexes or high rise apartments ( 22.34%), duplexes, homes converted to apartments or other small apartment buildings ( 10.09%), and a few mobile homes or trailers ( 6.35%).
People in Phillips primarily live in small (one, two or no bedroom) single-family detached homes. Phillips has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Phillips built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Phillips built before 1939 ( 30.27%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.88%). There's also some housing in Phillips built between 2000 and later ( 13.72%).
Vacant housing appears to be an issue in Phillips. Fully 20.98% of the housing stock is classified as vacant. Left unchecked, vacant Phillips homes and apartments can be a drag on the real estate market, holding Phillips real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Phillips's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.17% during the period.
Appreciation rates are so strong in Phillips that despite a nationwide downturn in the housing market, Phillips real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Phillips appreciation rates continue to be some of the highest in America, at 10.58%, which is higher than appreciation rates in 89.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Phillips. Phillips appreciation rates in the latest quarter were at 1.16%, which equates to an annual appreciation rate of 4.73%.
Relative to Wisconsin, our data show that Phillips's latest annual appreciation rate is higher than 80% of the other cities and towns in Wisconsin.
$208,157
for Wisconsin
for nation
697
$1,158 / per month