Market Overview
Home Prices in Phillips, WI
The median home value in Phillips, WI is $236,981 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 6.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Phillips are priced42% below average.
Over the past five years, Phillips home values have risen by approximately35.8%, reflecting strong long-term appreciation in this market.
Price History
Phillips Home Price Trend
2020
$146,814
$147K
—
2021
$174,540
$175K
+18.9%
2022
$205,332
$205K
+17.6%
2023
$208,006
$208K
+1.3%
2024
$207,994
$208K
+-0.0%
2025
$221,140
$221K
+6.3%
2026
$236,981
$237K
+7.2%
City Comparison
Phillips vs. National Median
🏠 Phillips
$236,981
National Median
$410,000
At $236,981, homes in Phillips cost 42% 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
$47,396
on $236,981
Monthly P&I
$1,236/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,570/mo
incl. taxes & insurance
Income Needed
$62,800
gross annual (30% rule)
10% Down Option
$23,698
+ PMI applies
Loan Amount (20% dn)
$189,585
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, WI?
The median home value in Phillips is $236,981 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Phillips?
Over the past year, home values in Phillips have increased by 7.2%. Over five years, prices have risen approximately 35.8%.
How much do I need to earn to buy a home in Phillips?
To comfortably afford the median home price of $236,981 with a 20% down payment ($47,396) at today's rates (6.8%), you'd need a gross annual income of approximately $62,800. 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 $236,981, homes in Phillips are 42% below the national average.