Commercial Real Estate Market in Phillips, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Phillips, TX spans 44.4 square miles in Hutchinson County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Phillips, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Phillips, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Phillips, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Phillips, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Market overview
Demographics & Economy
Phillips, TX has 13,819 residents in 6,671 households. Density runs 311 people per square mile. Median household income here is $61,701 and median gross rent $846 a month.
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Borger | — | — |
| Skellytown | — | — |
| Stinnett | — | — |
| Sanford | — | — |
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
