Phillips County, Kansas Housing Market Prices
Phillips County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 94% below the Kansas median Among the top 3 cheapest counties in Kansas$6,249
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Median rent 37% below the Kansas median Cheaper than 85% of counties in Kansas$672
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Phillips County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,249 | $104,644 | $248,835 |
| Price Trend (Annual %) | -5.4% | 4.4% | 7.5% |
| Median Gross Rent | $672 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Phillips County is about 94% lower than in Kansas. Rent is about 37% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Phillips County: home prices fell about 5.4% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
Median rent in Phillips County rose about 31.8% between 2015 and 2024, from $510 to $672. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Phillips County.
Buying the median-priced home in Phillips County costs roughly 0.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Phillips County. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Phillips County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $6,249 | $104,644 | $248,835 |
| Median Household Income | $62,484 | $74,287 | $80,455 |
| Price-to-Income Ratio | 0.1 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Phillips County fell about 90.4%, while median household income rose about 32.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Phillips County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 60.9% | 58.5% |
| Rental Rate | 17.9% | 29.8% | 31.2% |
| Vacancy Rate | 18.5% | 9.2% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Phillips County has a homeownership rate of 63.5%, higher than the Kansas average of 60.9%. Its housing vacancy rate is 18.5%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Phillips County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.08 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1960 | 1975 | 1978 |
| Median Number of Rooms | 6.2 | 6.0 | 5.5 |
The typical housing unit in Phillips County was built around 1960. On average, 2.1 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Phillips County, Kansas.
What is the median home price in Phillips County, Kansas?
The median home price in Phillips County, Kansas is $6,249, lower than the Kansas average of $104,644.
What is the average home price in Phillips County, Kansas?
The typical home price in Phillips County, Kansas, reported as the median sale price, is $6,249. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Phillips County, Kansas?
The median gross rent in Phillips County, Kansas is $672 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Phillips County in 2020?
In 2020, the median gross rent in Phillips County, Kansas was $576 per month.
What is the price-to-rent ratio in Phillips County, Kansas?
The price-to-rent ratio in Phillips County, Kansas is about 0.8, meaning it would take roughly 0.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Phillips County.
Are home prices or rent rising faster in Phillips County, Kansas?
Home prices and rent are moving in opposite directions in Phillips County: home prices fell about 5.4% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Phillips County, Kansas?
63.5% of households in Phillips County, Kansas own their home, higher than the Kansas average of 60.9%.
What is the vacancy rate in Phillips County, Kansas?
The housing vacancy rate in Phillips County, Kansas is 18.5%, higher than the Kansas average of 9.2%.
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