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Phillipstown

Learn about the people, housing, costs and businesses in Phillipstown, Illinois

Median Home$92,600
Median Rent$658/month
Population35
Leading IndustriesProfessional Services · Arts, Food & Hospitality · Healthcare5% professional services
Home Value Growth-2.0% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners79% of occupied units
NotableHighly Educated33% bachelor's · 23% graduate · top 5% nationally
NotableAffordable Market$93k median home · lower cost than 94% of the country
Phillipstown
IL

Frequently Asked Questions

What are today's mortgage rates in Phillipstown?

As of today, the 30-year fixed mortgage rate for Phillipstown is approximately 6.822% (6.826% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Phillipstown?

The median home value in Phillipstown is $93k. The median monthly rent is $658. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Phillipstown?

Home values in Phillipstown have decreased 2.0% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Phillipstown?

Based on a typical all-in ownership cost of $639/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Phillipstown is $57k/year.

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What industries drive the economy in Phillipstown?

The largest employment sectors in Phillipstown are public administration (25%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.