Phillips, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Phillips, WI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Phillips Housing Market Information

With a population of 1,388, 719 total housing units (homes and apartments), and a median house value of $121,153, house prices in Phillips are solidly below the national average.

Single-family detached homes are the single most common housing type in Phillips, accounting for 62.17% of the city's housing units. Other types of housing that are prevalent in Phillips include duplexes, homes converted to apartments or other small apartment buildings ( 18.30%), large apartment complexes or high rise apartments ( 14.96%), and a few mobile homes or trailers ( 3.13%).

People in Phillips primarily live in small (one, two or no bedroom) single-family detached homes. Phillips has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Phillips built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Phillips built before 1939 ( 32.03%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.54%). There's also some housing in Phillips built between 2000 and later ( 7.81%).

Vacant housing appears to be an issue in Phillips. Fully 19.75% of the housing stock is classified as vacant. Left unchecked, vacant Phillips homes and apartments can be a drag on the real estate market, holding Phillips real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Phillips Home Appreciation Rates

Real estate appreciation rates in Phillips's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.44% during the period.

Over the last year, Phillips appreciation rates have trailed the rest of the nation. In the last twelve months, Phillips's appreciation rate has been -5.65%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Phillips were at 0.52%, which equates to an annual appreciation rate of 2.09%.

Relative to Wisconsin, our data show that Phillips's latest annual appreciation rate is lower than 90% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$121,153

Phillips, WI HOME PRICES

Value Range
> $1,036,000 0.7
$777,001 - $1,036,000 0.0
$518,001 - $777,000 1.8
$414,001 - $518,000 1.1
$311,001 - $414,000 3.6
$207,001 - $311,000 15.8
$103,001 - $207,000 35.1
$52,001 - $103,000 28.4
$0 - $52,000 13.6

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
64.7310441814133 89.5277207392197

Number Of Homes And Apartments:
719

Phillips Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
30.66% 1.56% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$783 / per month

Homeownership Rate

Homeownership
Owners 47.40
Renters 52.60
Vacant 19.75

Housing Market Details

 

Age of Homes

AGE OF Phillips HOMES
2000 or Newer 7.8
1970 - 1999 37.6
1940 - 1969 22.5
1939 or Older 32.0

Types of Homes

TYPE OF Phillips HOMES
Single-Family 62.2
Townhomes 1.5
Small Apt. Buildings 18.3
Apt. Complexes 15.0
Mobile Homes 3.1
Other 0.0

Home Size

SIZE OF Phillips HOMES
No Bedroom 2.79
1 Bedroom 10.83
2 Bedrooms 37.83
3 Bedrooms 35.27
4 Bedrooms 10.60
5 or more bedrooms 2.68

Popular Neighborhoods in Phillips

Popular Communities Near Phillips, WI

Zip Codes in Phillips, WI