The typical owner-occupied home in Philipsburg is worth about $148,700, 42% below the Pennsylvania median of $254,500 and 55% below the national median of $332,700. Owners pay a median $1,689 a year in property taxes, about 1.14% of their home's value, lower than the Pennsylvania rate of 1.30%. The median household earns $47,794 a year, so the median home costs 3.1 times the median income (3.3 times for Pennsylvania). 52% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Philipsburg at a glance
| Philipsburg | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $148,700 | $254,500 | $332,700 |
| Median property tax paid per year | $1,689 | $3,311 | $3,119 |
| Property tax as a share of value | 1.14% | 1.30% | 0.94% |
| Median household income | $47,794 | $77,971 | $80,734 |
| Homes lived in by their owners | 52% | 69% | 65% |
| Owner homes with a mortgage | 57% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,155 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 16.8% | 19.4% | 21.0% |
| Median rent | $645 | $1,209 | $1,413 |
| Rent as a share of renters' income | 26.0% | 29.2% | 30.6% |
| Median year homes were built | 1944 | 1965 | 1980 |
| Vacant homes | 11.7% | 9.2% | 10.1% |
| Population | 2,748 | 13,018,639 | 334,922,499 |
What a typical home costs per month in Philipsburg
At this week's average 30-year rate of 7.11%, buying the median Philipsburg home of $148,700 with 20% down costs about $1,003 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,251, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $43,006 for the 20%-down payment. That payment is 25% of the median Philipsburg household income of $47,794; at that income and 20% down, the 28% guideline points to a home of about $165,000.
The median rent here is $645 a month, so owning the median home costs about $358 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,740 |
|---|---|
| Loan amount | $118,960 |
| Principal and interest | $800 |
| Property taxes (1.14% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $1,003 |
Change the numbers in the calculator
| Down payment | $5,204 |
|---|---|
| Loan amount | $146,007 |
| Principal and interest | $982 |
| Property taxes (1.14% a year) | $141 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,251 |
Change the numbers in the calculator
Questions about home buying in Philipsburg
What is the median home value in Philipsburg?
About $148,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Philipsburg?
Homeowners pay a median $1,689 a year, which is about 1.14% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Philipsburg?
For the median home with 20% down at 7.11%, the payment is about $1,003 a month. Keeping that under 28% of gross income takes about $43,006 a year.
More about Philipsburg
- Mortgage Refinance in Philipsburg
- Debt Relief in Philipsburg
- Home Equity Loans in Philipsburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data