Market Overview
Home Prices in Philo, OH
The median home value in Philo, OH is $160,453 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.4% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Philo are priced61% below average. Philo is part of the Zanesville, OH metro area.
Over the past five years, Philo home values have risen by approximately17.2%, reflecting steady appreciation in this market.
Price History
Philo Home Price Trend
2020
$111,293
$111K
—
2021
$136,940
$137K
+23.0%
2022
$145,649
$146K
+6.4%
2023
$141,046
$141K
-3.2%
2024
$156,733
$157K
+11.1%
2025
$162,711
$163K
+3.8%
2026
$160,453
$160K
-1.4%
City Comparison
Philo vs. National Median
🏠 Philo
$160,453
National Median
$410,000
At $160,453, homes in Philo cost 61% below the national median of $410,000. This makes Philo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Philo?
20% Down Payment
$32,091
on $160,453
Monthly P&I
$837/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,063/mo
incl. taxes & insurance
Income Needed
$42,520
gross annual (30% rule)
10% Down Option
$16,045
+ PMI applies
Loan Amount (20% dn)
$128,362
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 Philo, OH?
The median home value in Philo is $160,453 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.4% year-over-year.
How much have home prices changed in Philo?
Over the past year, home values in Philo have decreased by 1.4%. Over five years, prices have risen approximately 17.2%.
How much do I need to earn to buy a home in Philo?
To comfortably afford the median home price of $160,453 with a 20% down payment ($32,091) at today's rates (6.8%), you'd need a gross annual income of approximately $42,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Philo compare to the national average home price?
The national median home value is approximately $410,000. At $160,453, homes in Philo are 61% below the national average.
What metro area is Philo part of?
Philo is part of the Zanesville, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.