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Phillipsburg, NJ—08865

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$340,000
1.8% YoY Growth
Household Income
$78,500
22.7% YoY Growth
Days on Market
36
17.0% Longer YoY
Home Price Forecast
1.0%
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
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Phillipsburg, NJ

As of May '26, the median home price in Phillipsburg, NJ is $340,000, with a year-over-year change of 1.8%. This indicates that home prices in Phillipsburg, NJ are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$340,0001.8%
Single Family $345,0002.1%
Condos $270,0003.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $220,000
    -0.9%
    2 Bed
    		$299,0001.7%
    3 Bed
    		$341,0004.0%
    4 Bed
    		$454,0003.4%
    5 Bed $441,0103.1%
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    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    12.3%
    2 Bedrooms
    23.0%
    3 Bedrooms
    40.2%
    4 Bedrooms
    19.7%
    5+ Bedrooms
    3.6%

    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.

    TypeMedian RentAverage 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
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    % 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 May '26, Realtor.com reports that the median days on market for a home in Phillipsburg, NJ is 36. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$349,0009.0%
    Listing Count
    		12420.0%
    Listings as % of Homes0.6%20.0%
    Days on Market
    		3617.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		31,1007.7%
    % Under 18
    		18.0%-15.5%
    % Seniors
    		18.6%8.8%
    % WFH
    		7.6%105.4%
    % w/ College Degree
    		29.3%21.1%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    Affordability — Phillipsburg, NJ

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.6
    Median Home Price$340,000
    Median Household Income$78,500

    Phillipsburg, NJ — ZIP Code Boundary Map

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    Frequently Asked Questions