Phillips Crossroads, NC—27809
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Phillips Crossroads, NC
As of Oct '25, the median home price in Phillips Crossroads, NC is $212,000, with a year-over-year change of -2.8%. This indicates that home prices in Phillips Crossroads, NC are decreasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | -2.8% |
| Single Family | $212,000 | -1.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $105,000 | -3.7% |
3 Bed | $198,000 | -1.5% |
4 Bed | $340,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Phillips Crossroads, NC
As of July '25, Rentcast reports the average rent in Phillips Crossroads, NC is $1,220, with a year-over-year rent change of -33.7%. Per bedroom, the median rent as of July '25 in Phillips Crossroads, NC is 2-bedrooms: $1,000, 3-bedrooms: $1,270. The most common rental property sizes in Phillips Crossroads, NC are 2-bedroom and 3-bedroom, accounting for 62.8% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,000 | $1,000 |
| 3 Bed Rent | $1,180 | $1,270 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Phillips Crossroads, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Phillips Crossroads, NC is 104. This is a decrease of -17.0% 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 | $393,000 | 0.0% |
Listing Count | 27 | -15.0% |
| Listings as % of Homes | 0.9% | -15.0% |
Days on Market | 104 | -17.0% |
Demographics — Phillips Crossroads, NC
As of the latest ACS Survey released in 2023, Phillips Crossroads, NC has a population of 3,920, which has decreased by -22.9% over the past 5 years. Phillips Crossroads, NC is a less popular place for families, as children make up 14.1% of the population. The area has a poorly educated workforce, with 16.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,920 | -22.9% |
% Under 18 | 14.1% | -32.9% |
% Seniors | 21.3% | 25.3% |
% WFH | 6.4% | 204.8% |
% w/ College Degree | 16.3% | 3.8% |
As of the latest ACS Survey released in 2023, Phillips Crossroads, NC is a predominantly white area, with 51.0% of the population identifying as white. The white population has grown by 25.3% in the last 5 years. The second most common race or ethnicity in Phillips Crossroads, NC is black, making up 43.4% of the population. Foreign-born residents account for 1.4% of the population in Phillips Crossroads, NC, and this percentage has decreased by 41.7% 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 | 51.0% | 25.3% |
% Black | 43.4% | -15.4% |
% Hispanic | 1.1% | -82.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.4% | -41.7% |
Mortgage and Risk — Phillips Crossroads, NC
According to HUD data as of 2023, there were 24 mortgage originations in Phillips Crossroads, NC, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Phillips Crossroads, NC. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 24 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 0.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Phillips Crossroads, NC
Phillips Crossroads, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | -$60 | $1,000 | $940 |
| 3 Bedroom | $90 | $1,180 | $1,270 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Phillips Crossroads, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $212,000 |
| Median Household Income | $71,500 |