Market Overview
Home Prices in Phillipsburg, NJ
The median home value in Phillipsburg, NJ is $345,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 1.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phillipsburg are priced16% below average. Phillipsburg is part of the Allentown-Bethlehem-Easton, PA-NJ metro area.
Over the past five years, Phillipsburg home values have risen by approximately35.1%, reflecting strong long-term appreciation in this market.
Price History
Phillipsburg Home Price Trend
City Comparison
Phillipsburg vs. National Median
At $345,949, homes in Phillipsburg cost 16% 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
$69,190
on $345,949
Monthly P&I
$1,804/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,291/mo
incl. taxes & insurance
Income Needed
$91,640
gross annual (30% rule)
10% Down Option
$34,595
+ PMI applies
Loan Amount (20% dn)
$276,759
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, NJ?
The median home value in Phillipsburg is $345,949 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Phillipsburg?
Over the past year, home values in Phillipsburg have increased by 1.9%. Over five years, prices have risen approximately 35.1%.
How much do I need to earn to buy a home in Phillipsburg?
To comfortably afford the median home price of $345,949 with a 20% down payment ($69,190) at today's rates (6.8%), you'd need a gross annual income of approximately $91,640. 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 $345,949, homes in Phillipsburg are 16% below the national average.
What metro area is Phillipsburg part of?
Phillipsburg is part of the Allentown-Bethlehem-Easton, PA-NJ metropolitan area. Home prices and market conditions can vary across the broader metro region.