Phillipsburg, KS

Phillipsburg is a small town in Johnson County, Kansas, with a population of just over 10,000 people. It is located about 25 miles west of the city of Kansas City and is part of the Kansas City metropolitan area. Phillipsburg was founded in 1855 and named for General James Phillips, who fought in the Mexican-American War. The town grew rapidly after the arrival of the railroad in 1872 and became an important commercial center for the surrounding agricultural region. Today, Phillipsburg is still an important commercial center, but it also has a growing residential population.

Real estate in Phillipsburg is dominated by single-family homes and duplexes. The median price for a single-family home was $149,900 in 2016 and the median price for a duplex was $101,500. There are also a few apartments available, but they are mostly located near downtown Phillipsburg. The availability of housing stock has led to strong demand from buyers and sellers alike; as a result, prices have been very stable over the past few years.

One reason that prices have been so stable is that there are not many new homes being built in Phillipsburg. In fact, since 2010 there has been only one new home construction project approved by the city council – which will add just six new homes to the market overall. This lack of new housing supply means that buyers have plenty of choice when it comes to where they want to live – which helps keep prices high.

Another factor that has helped keep prices high in Phillipsburg is its low unemployment rate (3% as of 2016). This low unemployment rate makes it easier for people who want to buy a home to find financing options – even if they don’t have enough money down payment already saved up. And since most people who live in Phillipsburg are employed within commuting distance of downtown or other major businesses, there is always demand for rental units too (although vacancy rates remain relatively low).

Overall, real estate in Philipsburg remains very stable – which makes it an attractive option for buyers and sellers alike. If you're looking for somewhere affordable to live without having to deal with large fluctuations in prices (like you would find on larger cities), then Philipsburg may be right for you!