Market Overview
Home Prices in Phillipsburg, MO
The median home value in Phillipsburg, MO is $252,777 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.2% compared to a year ago and up 2.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phillipsburg are priced38% below average. Phillipsburg is part of the Lebanon, MO metro area.
Over the past five years, Phillipsburg home values have risen by approximately33.3%, reflecting strong long-term appreciation in this market.
Price History
Phillipsburg Home Price Trend
City Comparison
Phillipsburg vs. National Median
At $252,777, homes in Phillipsburg cost 38% below the national median of $410,000. This makes Phillipsburg a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Phillipsburg?
20% Down Payment
$50,555
on $252,777
Monthly P&I
$1,318/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,674/mo
incl. taxes & insurance
Income Needed
$66,960
gross annual (30% rule)
10% Down Option
$25,278
+ PMI applies
Loan Amount (20% dn)
$202,222
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 Phillipsburg, MO?
The median home value in Phillipsburg is $252,777 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.2% year-over-year.
How much have home prices changed in Phillipsburg?
Over the past year, home values in Phillipsburg have increased by 1.2%. Over five years, prices have risen approximately 33.3%.
How much do I need to earn to buy a home in Phillipsburg?
To comfortably afford the median home price of $252,777 with a 20% down payment ($50,555) at today's rates (6.8%), you'd need a gross annual income of approximately $66,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Phillipsburg compare to the national average home price?
The national median home value is approximately $410,000. At $252,777, homes in Phillipsburg are 38% below the national average.
What metro area is Phillipsburg part of?
Phillipsburg is part of the Lebanon, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.