The housing market in Phillips, NE is booming. With a median value of $284,500, the city surpasses the national median house value of $338,100. The one year house appreciation rate is even more impressive coming in at 18.33%, 8.27% higher than the national average. This indicates that now is a great time to invest in real estate in Phillips NE as values are rising quickly and expected to continue doing so in the near future.
The median home cost in Phillips is $284,500. Home appreciation the last 10 years has been 82.5%. Home Appreciation in Phillips is up 14.5%.
Average Age of Homes
- The median age of Phillips real estate is 46 years old
The Rental Market in Phillips
- Renters make up 2.7% of the Phillips population
- 3.9% of houses and apartments in Phillips, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.