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Phillips Crossroads, NC—27809

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$224,000
0.8% YoY Growth
Household Income
$71,500
49.2% YoY Growth
Days on Market
95
34.0% Longer YoY
Home Price Forecast
0.5%
Median Rent
$1,180
33.7% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$1,000
N/A
3-Bed Rent
$1,180
32.1% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Phillips Crossroads, NC

As of May '26, the median home price in Phillips Crossroads, NC is $224,000, with a year-over-year change of 0.8%. This indicates that home prices in Phillips Crossroads, NC are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$224,0000.8%
Single Family $223,0001.4%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$106,000-2.8%
    3 Bed
    		$207,0002.0%
    4 Bed
    		$358,0001.4%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    1.1%
    2 Bedrooms
    26.6%
    3 Bedrooms
    47.7%
    4 Bedrooms
    20.4%
    5+ Bedrooms
    4.2%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,180$1,220
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $1,000$1,000
    3 Bed Rent $1,180$1,270
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    4.2%
    2 Bedrooms
    62.8%
    3 Bedrooms
    29.2%
    4 Bedrooms
    2.0%
    5+ Bedrooms
    1.8%

    Property Listings — Phillips Crossroads, NC

    As of May '26, Realtor.com reports that the median days on market for a home in Phillips Crossroads, NC is 95. This is a increase of 34.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$399,0002.0%
    Listing Count
    		25-18.0%
    Listings as % of Homes0.9%-18.0%
    Days on Market
    		9534.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$750
    2 Bedroom-$60$1,000$940
    3 Bedroom$90$1,180$1,270
    4 BedroomN/AN/A$1,470

    Affordability — Phillips Crossroads, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$224,000
    Median Household Income$71,500

    Phillips Crossroads, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    27891

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    27801

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    Frequently Asked Questions