Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$252,008+0.7% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 17% have cut their price
Income needed to buy, per year$54,630About 0.9× the local median income ($64,166): affordable for a typical household
Days on market157 daysSlower than a year ago: buyers have time to negotiate
The typical home in Phillips County, CO is worth $252,008, up 0.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $228,984, so the area is 10.1% overvalued. It is a balanced market, leaning toward sellers: homes take about 157 days to sell, listings are down 36% from a year ago, 17% of listings have had a price cut. A household needs about $54,630 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,166. In the latest IRS figures, 7 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$252,008
Change in 1 year
+0.7%
Overvalued %
+10.1%
Show 6 more
Fair home value
$228,984
Change in 5 years
+20.2%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,366
Income needed to afford it
$54,630
Property tax rate
0.56%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,137
Market activity
Listings vs a year ago
−35.7%
Days on market
157
Listings with a price cut
17.4%
Show 3 more
Homes for sale
18
Pending sales per 100 listings
33
Asking price per sq ft
$143
People and jobs
Median household income
$64,166
Population change (1 year)
−0.8%
Unemployment rate
2.9%
Show 4 more
Population
4,420
Income adjusted for cost of living
$65,811
Net moves in (IRS)
+7
Cost of living (US = 100)
97.5
Schools, risk and environment
School rating (1 to 10)
3.1
FEMA hazard risk score (0 to 100)
12.3
Flood risk score
8.3
Show 3 more
Wildfire risk score
31.5
Walkability (1 to 20)
7.5
Road, rail and air noise
52 dB
Questions people ask
Is Phillips County, CO overvalued?
Home prices in Phillips County, CO are well above what local incomes have historically supported: fair value is about $228,984, so the area is 10.1% overvalued.
Is Phillips County, CO a buyer's or seller's market?
Phillips County, CO is a balanced market, leaning toward sellers: homes take about 157 days to sell, listings are down 36% from a year ago, 17% of listings have had a price cut.
Are home prices going down in Phillips County, CO?
Home values in Phillips County, CO are up 0.7% over the last year.
How much do you need to earn to buy a home in Phillips County, CO?
A household needs about $54,630 a year to afford the typical home in Phillips County, CO at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,166.