Foreclosure Homes in Phillipsburg, NJ 08865

Current Market Conditions in Phillipsburg, NJ

The Phillipsburg real estate market is currently experiencing steady demand, driven by its appealing location along the Delaware River and its affordability compared to neighboring towns. Home prices have seen a consistent rise due to low inventory and growing interest from first-time home buyers and families looking to settle in a more tranquil environment.

There is a healthy mixture of single-family homes, townhouses, and apartments available, catering to diverse buyer preferences. The area’s attractiveness is further enhanced by its regional transportation links and community-driven events, which draw potential residents.

The market is expected to remain strong as interest rates stabilize and more home seekers turn to Phillipsburg as an affordable and appealing alternative within close proximity to urban centers.

Rent Prices In Phillipsburg, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Phillipsburg, NJ, is on a rollercoaster ride. The average rent price in Phillipsburg, NJ, is $1,839.00. Indeed, when looking to rent in Phillipsburg, NJ, you can expect to pay as little as $1,090.00 or as much as $3,260.00, with the average rent median estimated to be $1,820.00. The good news is that finding an affordable and desirable property to rent in Phillipsburg, NJ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.