The typical owner-occupied home in Phillips is worth about $103,300, 61% below the Wisconsin median of $266,500 and 69% below the national median of $332,700. Owners pay a median $1,965 a year in property taxes, about 1.90% of their home's value, higher than the Wisconsin rate of 1.42%. The median household earns $47,059 a year, so the median home costs 2.2 times the median income (3.4 times for Wisconsin). 53% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Phillips at a glance
| Phillips | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $103,300 | $266,500 | $332,700 |
| Median property tax paid per year | $1,965 | $3,792 | $3,119 |
| Property tax as a share of value | 1.90% | 1.42% | 0.94% |
| Median household income | $47,059 | $77,485 | $80,734 |
| Homes lived in by their owners | 53% | 68% | 65% |
| Owner homes with a mortgage | 44% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,110 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 19.5% | 21.0% |
| Median rent | $793 | $1,087 | $1,413 |
| Rent as a share of renters' income | 24.8% | 27.2% | 30.6% |
| Median year homes were built | 1970 | 1975 | 1980 |
| Vacant homes | 15.2% | 10.8% | 10.1% |
| Population | 1,602 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Phillips
At this week's average 30-year rate of 7.11%, buying the median Phillips home of $103,300 with 20% down costs about $763 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $935, 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 $32,679 for the 20%-down payment. That payment is 19% of the median Phillips household income of $47,059; at that income and 20% down, the 28% guideline points to a home of about $149,000.
The median rent here is $793 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $20,660 |
|---|---|
| Loan amount | $82,640 |
| Principal and interest | $556 |
| Property taxes (1.90% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $763 |
Change the numbers in the calculator
| Down payment | $3,616 |
|---|---|
| Loan amount | $101,429 |
| Principal and interest | $682 |
| Property taxes (1.90% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $46 |
| Total per month | $935 |
Change the numbers in the calculator
Questions about home buying in Phillips
What is the median home value in Phillips?
About $103,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Phillips?
Homeowners pay a median $1,965 a year, which is about 1.90% 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 Phillips?
For the median home with 20% down at 7.11%, the payment is about $763 a month. Keeping that under 28% of gross income takes about $32,679 a year.
More about Phillips
- Mortgage Refinance in Phillips
- Debt Relief in Phillips
- Home Equity Loans in Phillips
- 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