Foreclosure Homes in Phillipsburg, NJ

Current Market Conditions in Phillipsburg, NJ

The real estate market in Phillipsburg has shown promising growth, following a trend observed in many small towns across the country. Housing demand remains steady, driven by low inventory levels and an influx of buyers seeking affordable properties with a suburban feel. As remote work continues to influence housing decisions, more individuals are looking towards towns like Phillipsburg for their next home beyond urban areas.

The past few months have seen increasing interest in single-family homes, with many properties receiving multiple offers shortly after listing. Potential buyers are drawn by the affordability of homes in comparison to neighboring towns, making Phillipsburg an attractive option for first-time home buyers and families.

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 $1,840.00. 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.