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City · 15,299 residents · Warren County, New Jersey

Phillipsburg , New Jersey

In Phillipsburg, a typical home is worth $193,200 and typical rent is $1,167 a month. Compared with all of Warren County, the typical home value is 44% lower, typical household income is 32% lower, and the share of households that own their home is 17 points lower.

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  • Typical home value

    $193,200

    44% below the county

    57% below New Jersey

    • Phillipsburg
    • Warren
    • New Jersey

  • Typical rent

    $1,167a month

    17% below the county

    32% below New Jersey

    • Phillipsburg
    • Warren
    • New Jersey

  • Typical household income

    $68,324a year

    32% below the county

    34% below New Jersey

    • Phillipsburg
    • Warren
    • New Jersey

  • Households that own their home

    58%

    17 points below the county

    6 points below New Jersey

    • Phillipsburg
    • Warren
    • New Jersey

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$335,809
1.9% more than 12 months ago
Typical rent
$1,988 a month
3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Phillipsburg is in Warren County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Warren County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Phillipsburg apart

What this place has that others do not, from public data, most unusual first.

  1. Phillipsburg has the 9th lowest typical home value of the 293 cities in New Jersey with more than 5,000 people ($193,200).

  2. Phillipsburg has the 12th lowest typical rent of the 283 cities in New Jersey with more than 5,000 people ($1,167).

  3. 58% of households in Phillipsburg own their home, against 75% in Warren County.

  4. The typical household income in Phillipsburg is $68,324, 32% less than in Warren County as a whole ($100,869).

  5. 13% of households in Phillipsburg have no internet at home (6% in Warren County).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Phillipsburg

What homes there are in Phillipsburg, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Phillipsburg, but it weighs less than in Warren County: 55% against 68%.

Year built

In Phillipsburg, at least half of the homes were built before 1940, and 76% date from before 1960.

In Phillipsburg, 63% of homes have 3 bedrooms or more, about the same as in Warren County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Phillipsburg sit under the FHA limit for Warren County ($541,287): about 95%.

Monthly rent with utilities

With a mortgage

$1,582 a month

Warren County: $2,317 a month

Without a mortgage

$707 a month

Warren County: $1,045 a month

Owners with a mortgage

62%

Warren County: 66%

Owning costs less in Phillipsburg: with a mortgage, the typical cost is $1,582 a month; in Warren County, $2,317. Without one, $707.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Phillipsburg rose 41%; in Warren County, it rose 31%.

Rents in Phillipsburg rose more slowly than in Warren County: 21% since 2015–2019, against 25%.

The typical household income in Phillipsburg rose 26% over that time; home values changed +41% and rent +21%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePhillipsburgWarren CountyNew JerseyUnited States
Rental vacancy Unreliable estimateUnreliable estimate3.5%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room Unreliable estimate1.2%4.0%3.4%
People per household 2.322.402.622.53
Drive alone 78%77%62%69%
Carpool 8%6%8%9%
Public transit Unreliable estimate2%8%3%
Walk or bike 3%2%3%3%
Work from home 5%13%17%15%
Other means Unreliable estimate1%2%2%
Typical commute Unreliable estimate30 to 39 minutes20 to 29 minutes20 to 29 minutes

By size, households in Phillipsburg look like those in Warren County: 2.32 people on average.

To get to work, 78% of workers in Phillipsburg drive alone; in Warren County, 77%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Phillipsburg?

A typical home is tight for the typical income

We start with a typical home in Phillipsburg, worth $193,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 33% of the typical household income in Phillipsburg, which is $68,324 a year. For that payment to be 28% of income, a household would need to earn about $80,542 a year.

The calculator's FHA and conventional loan limits are those of all of Warren County.

Your numbers

Local data
$

Starts at the typical home value in Phillipsburg. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $6,762 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,879

at 7.18% · 30 years

Loan amount
$189,701
Total interest
$272,935
Paid off in
November 2056

Includes $3,263 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,594 a month

  • Tight

    $1,594 to $2,050 a month

    Your payment · 33%

  • Hard

    more than $2,050 a month

Compared with the typical household income in Phillipsburg ($68,324 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,879
Principal & interest$1,285
Property tax$428
Home insurance$81
FHA mortgage insurance (MIP)$85

You need at least $6,762 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Phillipsburg and Warren County

Phillipsburg is in Warren County, New Jersey. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Phillipsburg's own numbers

Typical home value
$193,200
Typical monthly rent
$1,167
Typical yearly household income
$68,324
Households that own their home
58%
Effective property tax rate
2.66%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Warren County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,021
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
1.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Warren County.

Everything about Warren County

Buying

Buying a home in Phillipsburg

A typical home in Phillipsburg is worth $193,200: 44% below the county and 57% below New Jersey. With the typical household income in Phillipsburg ($68,324 a year), a typical home costs 2.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Phillipsburg 2.8 years
  • Warren 3.4 years
  • New Jersey 4.4 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Warren County

According to FHFA’s house price index, home prices in Warren County rose 89% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Warren County.

Period County New Jersey U.S.
Last year (2025) +6.8% +6.2% +2.9%
5 years (2020–2025) +68% +63% +47%
10 years (2015–2025) +89% +88% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Phillipsburg next to Warren County, New Jersey and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Phillipsburg $193,200
  • Warren $346,500
  • New Jersey $454,400
  • United States $332,700
Typical monthly rent
  • Phillipsburg $1,167
  • Warren $1,409
  • New Jersey $1,720
  • United States $1,413
Typical yearly household income
  • Phillipsburg $68,324
  • Warren $100,869
  • New Jersey $103,556
  • United States $80,734
See the full table
Phillipsburg next to Warren County and New Jersey
Measure Phillipsburg Warren County New Jersey U.S.
Typical home value $193,200 $346,500 $454,400 $332,700
Typical monthly rent $1,167 $1,409 $1,720 $1,413
Typical yearly household income $68,324 $100,869 $103,556 $80,734
Households that own their home 58% 75% 64% 65%
Typical yearly property tax $5,140 $8,119 $9,590 $3,119
Effective property tax rate 2.66% 2.34% 2.11% 0.94%
Renters with high rent for their income 52% 48% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Warren County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Phillipsburg

For a typical $193,200 home in Phillipsburg, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Phillipsburg's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,879a month

    Least cash to close
    Down payment
    $6,762
    Cash to close
    $12,558
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $85

  • Conventional, 5% down $1,844a month

    Down payment
    $9,660
    Cash to close
    $15,456
    Rate
    7.18%
    Mortgage insurance
    PMI · $92

  • Conventional, 20% down, no PMI $1,556a month

    Down payment
    $38,640
    Cash to close
    $44,436
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,734a month

    Down payment
    $28,980
    Cash to close
    $34,776
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Phillipsburg and for Warren County.

Property tax

Effective rate in Phillipsburg

2.66%of the home’s value each year

$5,140 a year for the typical owner in Phillipsburg.

  • Phillipsburg 2.66%
  • Warren 2.34%
  • New Jersey 2.11%

What New Jersey publishes ANCHOR, Senior Freeze and Stay NJ: one combined application (New Jersey Division of Taxation)

Exemptions and deadlines in New Jersey

Flood risk in Warren County

FEMA does not publish these numbers by city: they are for all of Warren County.

Homes in the high-risk zone
1.8%
642
Of those, with NFIP insurance
47%
County New Jersey U.S.
Homes in the high-risk zone 1.8% 6.7% 3.5%
Of those, with NFIP insurance 47% 63% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Phillipsburg

Typical rent in Phillipsburg is $1,167 a month: 17% below the county. In Phillipsburg, 52% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Warren County, by unit size. To pay the 2-bedroom one ($2,021 a month) without spending more than 30% of your income, you would need to earn $38.87 an hour working full time.

HUD fair market rent for all of Warren County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,614 $31.04 $64,560
1 bedroom $1,624 $31.23 $64,960
2 bedrooms $2,021 $38.87 $80,840
3 bedrooms $2,478 $47.65 $99,120
4 bedrooms $2,937 $56.48 $117,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Phillipsburg

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Phillipsburg is in ZIP code 08865.

For 2 bedrooms it is $1,960: $61 less than the fair market rent for Warren County ($2,021).

  • 08865 $1,960$2,400

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Phillipsburg when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Phillipsburg

HUD lists 7 buildings with rents for lower incomes in Phillipsburg. These are the largest.

  • Heckman Terrace 427 Watson Pl, Phillipsburg 08865 372 low-income homes · Run by Phillipsburg Housing Authority · Average payment: $646 a month · Average wait: 4 months (908) 859-0122
  • Heckman House 525 Fisher Ave, Phillipsburg 08865 208 homes, 206 low-income · Run by Phillipsburg Housing Authority · Average payment: $458 a month · Average wait: 17 months (908) 859-0122
  • Clymer Village 211 Red School Ln, Phillipsburg 08865 82 homes, 81 low-income · For older adults
  • Don Ver Apartments 169 S Main St, Phillipsburg 10 low-income homes · In service since 2005
  • Alternatives Homes 2004 20 James Ave, Phillipsburg 08865 7 low-income homes · For people with disabilities

See all 14 buildings in Warren County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Phillipsburg

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Warren County. The nearest ones are below; many serve by phone or online.

A man leans over the armchair to help a teenage girl with her book.

HUD counseling is free or low-cost

Assistance programs in Phillipsburg

No down payment, repair or rent-help program on our list is for Phillipsburg or Warren County. The ones below are statewide in New Jersey: they work in Phillipsburg the same as in the rest of the state.

Which programs do I qualify for? All programs in New Jersey

Housing counselors near Phillipsburg

The HUD-approved agencies closest to the center of Phillipsburg, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Central Jersey Housing Resource Center, Inc.

    92 E Main St, Somerville · 31 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 7 more
    (908) 446-0036

  • Housing Partnership for Morris County

    2 E Blackwell St Ste 12, Dover · 35 miles away

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (973) 659-9222

  • Housing & Community Development Network of New Jersey

    145 West Hanover Street, Trenton · 39 miles away

    (917) 974-5922

All counseling agencies in New Jersey

Help in Spanish near Phillipsburg

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Phillipsburg

HUD’s record names them for Phillipsburg or Warren County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Phillipsburg Housing Authority Public housing and Section 8 vouchers (908) 859-0122
  • Warren County Housing Authority Section 8 vouchers (908) 475-3989

All housing agencies in New Jersey Source: HUD

Cities

Other cities in Warren County

These cities are also in Warren County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Warren County Housing in New Jersey

Nearby cities

The cities closest to Phillipsburg, with the typical home value.

Neighboring counties

If Warren County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Phillipsburg.

All guides
A mother holds hands with her two daughters on the beach at sunset.

Questions

Housing questions about Phillipsburg

Short answers with the numbers for Phillipsburg and all of Warren County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Phillipsburg?

The typical home value in Phillipsburg is $193,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Warren County it is $346,500.

How much does it cost to rent in Phillipsburg?

Typical rent in Phillipsburg is $1,167 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Warren County is $2,021.

What is the FHA loan limit in Phillipsburg?

Phillipsburg uses the FHA limit for all of Warren County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Phillipsburg?

The typical homeowner in Phillipsburg pays $5,140 a year, according to the U.S. Census Bureau. That is 2.66% of the home’s value; in Warren County, the rate is 2.34%.

Where can I find free help to buy or rent in Phillipsburg?

We found no HUD-approved counseling agencies with an office in Warren County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).