A typical Philip home is worth roughly $182,000
Builders were permitted 3 new homes in 2025.
What kind of housing town is Philip?
Read from the numbers below. The page puts what stands out first.
A typical home costs 3.2 years of income
Less than across South Dakota (4.3 years). Try your own numbers below.
That covers a typical Philip home, with $22K to spare.
A two-bedroom rents for about $950 a month here, $240 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Philip’s typical property tax (1.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $950
Renters already here pay a median of $642, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Haakon County, SD): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
3 new homes permitted in 2025
Builders were permitted 3 new homes in Philip in 2025, all single-family houses. Over the past 10 years, Philip has permitted 8 homes in all.
Between the 2010 and 2020 censuses, Philip's population fell by 20 even though 8 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across South Dakota: 1.6 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 3 | 3 | 0 | $600,000 |
| 2025 | 3 | 3 | 0 | $600,000 |
| 2024 | 2 | 0 | 2 | $300,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 1 | 1 | 0 | $150,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 2 | 2 | 0 | $150,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 2 | 0 | 2 | $200,000 |
| 2014 | 1 | 1 | 0 | $70,000 |
| 2013 | 1 | 1 | 0 | $85,000 |
| 2012 | 1 | 1 | 0 | $200,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 1 | 1 | 0 | $70,000 |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 1 | 1 | 0 | $270,000 |
| 2006 | 3 | 3 | 0 | $481,000 |
| 2005 | 8 | 8 | 0 | $885,000 |
| 2004 | 2 | 2 | 0 | $125,000 |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 1 | 1 | 0 | $80,000 |
| 2001 | 1 | 1 | 0 | $80,000 |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
71% of Philip households own their home
Half of Philip’s homes were built before 1983.
South Dakota: 69% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Neighbors talk housing
What Philip buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.