Philipsburg, PA—16866
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Philipsburg, PA
As of Oct '25, the median home price in Philipsburg, PA is $156,000, with a year-over-year change of 0.5%. This indicates that home prices in Philipsburg, PA are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 0.5% |
| Single Family | $156,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | 1.5% |
3 Bed | $177,000 | 2.3% |
4 Bed | $201,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Philipsburg, PA
As of July '25, Rentcast reports the average rent in Philipsburg, PA is $688, with a year-over-year rent change of -29.4%. Per bedroom, the median rent as of July '25 in Philipsburg, PA is 1-bedrooms: $688. The most common rental property sizes in Philipsburg, PA are 1-bedroom and 2-bedroom, accounting for 45.0% and 34.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $688 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $688 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Philipsburg, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Philipsburg, PA is 53. This is a increase of 24.0% 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.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $172,000 | -6.0% |
Listing Count | 31 | 19.0% |
| Listings as % of Homes | 0.4% | 19.0% |
Days on Market | 53 | 24.0% |
Demographics — Philipsburg, PA
As of the latest ACS Survey released in 2023, Philipsburg, PA has a population of 8,920, which has decreased by -10.4% over the past 5 years. Philipsburg, PA is a moderately popular place for families, as children make up 15.5% of the population. The area has a poorly educated workforce, with 16.9% 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 | 8,920 | -10.4% |
% Under 18 | 15.5% | 2.0% |
% Seniors | 22.6% | 18.3% |
% WFH | 7.6% | 406.7% |
% w/ College Degree | 16.9% | 15.0% |
As of the latest ACS Survey released in 2023, Philipsburg, PA is a predominantly white area, with 86.2% of the population identifying as white. The white population has grown by 5.6% in the last 5 years. The second most common race or ethnicity in Philipsburg, PA is black, making up 5.8% of the population. Foreign-born residents account for 7.4% of the population in Philipsburg, PA, and this percentage has decreased by 58.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.2% | 5.6% |
% Black | 5.8% | -12.1% |
% Hispanic | 5.7% | -42.4% |
% Asian | 0.6% | -62.5% |
% Foreign Born | 7.4% | -58.0% |
Mortgage and Risk — Philipsburg, PA
According to HUD data as of 2023, there were 203 mortgage originations in Philipsburg, PA, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Philipsburg, PA. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 203 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Philipsburg, PA
Philipsburg, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 246 |
Total Units Section 8 | 246 |
% Rentals under Section 8 | 20.2% |
% Occupied Section 8 | 97.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $395 | $625 | $1,020 |
| 2 Bedroom | N/A | N/A | $1,190 |
| 3 Bedroom | N/A | N/A | $1,440 |
| 4 Bedroom | N/A | N/A | $1,580 |
Affordability — Philipsburg, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $156,000 |
| Median Household Income | $48,600 |