Quick facts: Phillipsburg, OH

Quick Facts

96.4
Cost of Living
below US average
496
Population
90.73
Crime Rate per 1000
above US average
$56,250
Median Income
below US average
$100,000
Median House Price
above US average
$1363
Average Rent
below US average
8%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $56,250.

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Income Needed to Buy

βœ“ Affordable
$31k/year
Based on $100,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($56,250) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$58k/year
Based on $1363/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $58k vs median $56,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Phillipsburg, OH

Phillipsburg is a small village located in Montgomery County, Ohio. Nestled within the southwestern part of the state, it has a tight-knit community atmosphere, which is characteristic of many small towns in the region. The village is part of the Dayton metropolitan area, offering residents access to the amenities and attractions of a larger city while maintaining a rural charm. Phillipsburg features a mix of residential areas and open spaces, allowing for outdoor recreational activities. The local economy is primarily driven by small businesses and agriculture, reflecting the village's small-town roots. Residents benefit from a slower pace of life, with the community often coming together for local events and gatherings. Educational opportunities for the youth are provided by neighboring schools, ensuring families have access to quality education. The village's location allows for convenient travel to nearby towns and cities, making Phillipsburg an appealing place for those seeking a quiet lifestyle with easy access to urban conveniences. Overall, Phillipsburg embodies the essence of Ohio's smaller communities, characterized by friendliness, local pride, and a strong sense of belonging.

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