Phillips County, Colorado home prices
Typical home $252,008 · +0.7% in a year · property tax 0.56%
The typical home in Phillips County is worth $252,008, 52% less than the Colorado typical home ($529,013). Values changed +0.7% in the past year and +20.2% over five years. Homeowners here pay a median 0.56% of their home's value in property tax each year ($1,421 on the typical home), versus 0.52% statewide.
Mortgage on the typical Phillips County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $50,402 | $201,606 | $1,356 | $0 | $244 | $1,601 | $68,600 |
| 10% down | $25,201 | $226,807 | $1,526 | $95 | $244 | $1,865 | $79,900 |
| 5% down | $12,600 | $239,407 | $1,611 | $100 | $244 | $1,955 | $83,800 |
| 3.5% down (FHA) | $8,820 | $247,443 | $1,665 | $111 | $244 | $2,020 | $86,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.56% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Colorado.
Colorado counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Logan County | $252,455 | +1.0% | 0.46% |
| Lincoln County | $250,552 | +4.7% | 0.44% |
| Washington County | $243,941 | -3.0% | 0.39% |
| Saguache County | $241,669 | -3.5% | 0.32% |
| Huerfano County | $264,499 | -1.6% | 0.28% |
| Las Animas County | $238,422 | -5.3% | 0.23% |
| Kit Carson County | $233,624 | +3.2% | 0.49% |
| Yuma County | $272,569 | +3.0% | 0.47% |
| Pueblo County | $282,303 | -2.3% | 0.5% |
| Conejos County | $212,372 | +1.3% | 0.4% |
Frequently asked questions
What is the average home price in Phillips County, CO?
The typical home value in Phillips County is $252,008 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Phillips County?
About $68,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Phillips County?
The median effective rate is 0.56% of home value a year (Census ACS 2024 5-year estimates).