Philo

This small Muskingum County community of 788 residents offers affordable homeownership opportunities with a median home price of $297,500 and homes averaging 1,136 square feet. At $242 per square foot, properties provide competitive value for buyers seeking smaller-scale living. The housing market currently shows limited inventory with just 5 active listings, reflecting the community's intimate size. With an owner-occupied rate of 58.3%, nearly three in five residents own their homes, indicating a stable residential base. The median household income of $45,833 suggests a working-class demographic, while families with school-age children benefit from access to Franklin Local School District. The tight inventory conditions may present challenges for prospective buyers but also signal potential stability for current homeowners. Given the community's rural character and modest population, the housing market operates on a smaller scale typical of Ohio's smaller municipalities, where individual property transactions can significantly impact overall market dynamics.

Market description generated from current MLS and U.S. Census data.