Phillipsburg, NJ 08865 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Phillipsburg, NJ—08865

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

0.9% YoY Growth

Household Income

$78,500

22.7% YoY Growth

Days on Market

2.0% Shorter YoY

Home Price Forecast

2.6%

Median Rent

$1,800

3.4% YoY Growth

1-Bed Rent

$1,480

2.6% YoY Growth

2-Bed Rent

$1,900

5.5% YoY Growth

3-Bed Rent

$2,000

7.5% YoY Growth

Home Price Trends — Phillipsburg, NJ

As of Dec '25, the median home price in Phillipsburg, NJ is $330,000, with a year-over-year change of 0.9%. This indicates that home prices in Phillipsburg, NJ are flat. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$330,000	0.9%
Single Family	$334,000	1.5%
Condos	$261,000	1.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Phillipsburg, NJ

As of July '25, Rentcast reports the average rent in Phillipsburg, NJ is $1,850, with a year-over-year rent change of 3.4%. Per bedroom, the median rent as of July '25 in Phillipsburg, NJ is studios: $1,320, 1-bedrooms: $1,510, 2-bedrooms: $1,930, 3-bedrooms: $2,110, 4-bedrooms: $2,320. The most common rental property sizes in Phillipsburg, NJ are 1-bedroom and 2-bedroom, accounting for 36.9% and 30.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,800	$1,850
Studio Rent	$1,320	$1,320
1 Bed Rent	$1,480	$1,510
2 Bed Rent	$1,900	$1,930
3 Bed Rent	$2,000	$2,110
4 Bed Rent	$2,200	$2,320

Loading chart...

% of Rental Stock

Studio

3.1%

1 Bedroom

36.9%

2 Bedrooms

30.7%

3 Bedrooms

23.1%

4 Bedrooms

4.7%

5+ Bedrooms

1.5%

Property Listings — Phillipsburg, NJ

As of Dec '25, Realtor.com reports that the median days on market for a home in Phillipsburg, NJ is 48. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$317,000	-2.0%
Listing Count	100	27.0%
Listings as % of Homes	0.6%	27.0%
Days on Market	68	-2.0%

Loading chart...

Demographics — Phillipsburg, NJ

As of the latest ACS Survey released in 2023, Phillipsburg, NJ has a population of 31,100, which has increased by 7.7% over the past 5 years. Phillipsburg, NJ is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 29.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	31,100	7.7%
% Under 18	18.0%	-15.5%
% Seniors	18.6%	8.8%
% WFH	7.6%	105.4%
% w/ College Degree	29.3%	21.1%

Loading chart...

As of the latest ACS Survey released in 2023, Phillipsburg, NJ is a predominantly white area, with 69.9% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Phillipsburg, NJ is hispanic, making up 12.9% of the population. Foreign-born residents account for 9.9% of the population in Phillipsburg, NJ, and this percentage has increased by 7.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.9%	-9.7%
% Black	10.3%	28.7%
% Hispanic	12.9%	26.5%
% Asian	2.9%	31.8%
% Foreign Born	9.9%	7.6%

Loading chart...

Mortgage and Risk — Phillipsburg, NJ

According to HUD data as of 2023, there were 604 mortgage originations in Phillipsburg, NJ, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Phillipsburg, NJ. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	604
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

Loading chart...

Rentals and Section 8 — Phillipsburg, NJ

As of 2024, the percent of homes in Phillipsburg, NJ under the Section 8 program is 12.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Phillipsburg, NJ, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

Section 8 Market Size

Total Units under HUD	1,088
Total Units Section 8	500
% Rentals under Section 8	12.0%
% Occupied Section 8	98.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$130	$1,480	$1,350
2 Bedroom	-$270	$1,900	$1,630
3 Bedroom	$90	$2,000	$2,090
4 Bedroom	$240	$2,200	$2,440

Phillipsburg, NJ—08865

Key Metrics at a Glance

Home Price Trends — Phillipsburg, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Phillipsburg, NJ

% of Rental Stock

Property Listings — Phillipsburg, NJ

Demographics — Phillipsburg, NJ

Race and Ethnicity

Mortgage and Risk — Phillipsburg, NJ

Mortgages

Rentals and Section 8 — Phillipsburg, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Phillipsburg, NJ

Home Price to Income Ratio

Phillipsburg, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Stewartsville, NJ

Martins Creek

Easton, PA

Bloomsbury, NJ

Easton, PA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$330,000
Median Household Income	$78,500

Phillipsburg, NJ—08865

Key Metrics at a Glance

Home Price Trends — Phillipsburg, NJ

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Phillipsburg, NJ

% of Rental Stock

Property Listings — Phillipsburg, NJ

Demographics — Phillipsburg, NJ

Race and Ethnicity

Mortgage and Risk — Phillipsburg, NJ

Mortgages

Rentals and Section 8 — Phillipsburg, NJ

Section 8 Market Size

Section 8 Opportunity

Affordability — Phillipsburg, NJ

Home Price to Income Ratio

Phillipsburg, NJ — ZIP Code Boundary Map

Nearby ZIP Codes

Stewartsville, NJ

Martins Creek

Easton, PA

Bloomsbury, NJ

Easton, PA

Frequently Asked Questions

What is the average home price in Phillipsburg, NJ 08865?

How have home prices in Phillipsburg, NJ 08865 changed over the past year?

What is the home price projection for Phillipsburg, NJ 08865?

What are the demographics of Phillipsburg, NJ 08865?

How long does it take homes to sell in Phillipsburg, NJ 08865?

What is the average rent price in Phillipsburg, NJ 08865?