Market Overview
Home Prices in Phillips, ME
The median home value in Phillips, ME is $220,365 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phillips are priced46% below average.
Over the past five years, Phillips home values have risen by approximately18.2%, reflecting steady appreciation in this market.
Price History
Phillips Home Price Trend
2020
$151,737
$152K
—
2021
$186,373
$186K
+22.8%
2022
$218,936
$219K
+17.5%
2023
$223,898
$224K
+2.3%
2024
$214,839
$215K
-4.0%
2025
$212,781
$213K
-1.0%
2026
$220,365
$220K
+3.6%
City Comparison
Phillips vs. National Median
🏠 Phillips
$220,365
National Median
$410,000
At $220,365, homes in Phillips cost 46% below the national median of $410,000. This makes Phillips a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Phillips?
20% Down Payment
$44,073
on $220,365
Monthly P&I
$1,149/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,459/mo
incl. taxes & insurance
Income Needed
$58,360
gross annual (30% rule)
10% Down Option
$22,037
+ PMI applies
Loan Amount (20% dn)
$176,292
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Phillips, ME?
The median home value in Phillips is $220,365 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Phillips?
Over the past year, home values in Phillips have increased by 3.6%. Over five years, prices have risen approximately 18.2%.
How much do I need to earn to buy a home in Phillips?
To comfortably afford the median home price of $220,365 with a 20% down payment ($44,073) at today's rates (6.8%), you'd need a gross annual income of approximately $58,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Phillips compare to the national average home price?
The national median home value is approximately $410,000. At $220,365, homes in Phillips are 46% below the national average.