Why Live in Philpot
Philpot, located in Owensboro, is characterized by its spacious rural setting with rolling hills and abundant greenery, contrasting with the flat farmland of nearby areas. As part of a Rural Service Area, urban development is limited, preserving the agricultural landscape. The neighborhood features a variety of home styles, including bungalows, ranch-style homes, farmhouses, and Colonial Revival properties, often accompanied by expansive land. While some homes near North Fork Panther Creek may experience seasonal flooding, significant damage is uncommon. Philpot lacks formal parks but hosts the Daviess County Lions Club Fair, featuring carnival rides and festivals. The neighborhood is also close to the Windridge Country Club and Miller's Mill Trailhead, offering recreational opportunities. Local businesses such as Hagan's Saw Shop and Norman McDonald's Country Drive-In cater to residents' needs, with additional dining options available along Highway 54. The area is served by Country Heights Elementary School and Daviess County High School, both of which have high ratings. Kentucky State Route 54 provides a direct route to Owensboro, with ongoing road improvements expected to enhance connectivity. The Owensboro-Daviess County Regional Airport is 13 miles away, facilitating out-of-state travel. Philpot's crime rate is comparable to the national average, making it a practical choice for those seeking a rural lifestyle with convenient access to city amenities.
Frequently Asked Questions
Is Philpot a good place to live?
Philpot is a good place to live. Philpot is considered very car-dependent and somewhat bikeable. Philpot is a rural neighborhood. Philpot has 1 park for recreational activities. It has a median age of 42. The average household income is $111,392 which is above the national average. College graduates make up 31.2% of residents. A majority of residents in Philpot are home owners, with 7.7% of residents renting and 92.3% of residents owning their home. A
local real estate agent serving Philpot can help you decide if this neighborhood is the right one for you. Learn more on our
Philpot neighborhood guide.
How much do you need to make to afford a house in Philpot?
The median home price in Philpot is $324,900. If you put a 20% down payment of $65,000 and had a 30-year fixed mortgage with an interest rate of 6.56%, your estimated principal and interest payment would be $1,650 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $71K a year to afford the median home price in Philpot. The average household income in Philpot is $111K.
What are the best public schools in Philpot?
The best public schools that serve Philpot are:
What are the most popular zip codes in Philpot, Owensboro, KY?
What are the most popular neighborhoods near Philpot, Owensboro, KY?
Home Trends in Philpot, KY
On average, homes in Philpot, Owensboro sell after 39 days on the market compared to the national average of 52 days. The median sale price for homes in Philpot, Owensboro over the last 12 months is $311,450, up 13% from the median home sale price over the previous 12 months.
Median Sale Price
$311,450
Median Single Family Sale Price
$311,450
Average Price Per Sq Ft
$157
Number of Homes for Sale
3
Last 12 months Home Sales
12
Median List Price
$324,900
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
13%