Why Live in Phillips
Phillips, a neighborhood in Waterford, Connecticut, is conveniently located near the bustling commercial areas of Broad Street and Interstate 95. This proximity offers residents easy access to a variety of shopping options, including the New London Shopping Center and the New London Mall, both within a 2-mile radius. The Crystal Mall, a regional retail hub, features 80 stores and diverse dining options. Local eateries like Illiano’s Real Italian Pizzeria and Tox Brewing Company, along with delis such as Hamilton Street Market, add to the neighborhood's culinary landscape. Phillips maintains a suburban feel with tree-lined streets and early 20th-century homes, including bungalows, cottages, Cape Cods, and smaller ranch styles. The area is well-connected, with major thoroughfares like the Connecticut Turnpike and Hartford Turnpike providing access to nearby cities such as Norwich, Hartford, and New Haven. Public transportation is available through Southeast Area Transit District buses and Amtrak trains from the New London Train Station. Educational options include the New London School District's all-magnet schools, though they receive mixed ratings. Nearby postsecondary institutions include Connecticut College and the Coast Guard Academy. Recreational opportunities abound with pocket parks like Snowden Street Park, Mahan Park, and Veterans Memorial Field, as well as the Whaling City Athletic Club and Brandegee Lake for fishing. The Connecticut College Arboretum, less than 2 miles away, offers 750 acres of natural beauty with trails and gardens. Despite the convenience of I-95, traffic noise may be a concern for some residents.
Frequently Asked Questions
Is Phillips a good place to live?
Phillips is a good place to live. Phillips is considered car-dependent and somewhat bikeable. It has a median age of 39. The average household income is $75,826 which is below the national average. College graduates make up 16.2% of residents. A majority of residents in Phillips are renters, with 55% of residents renting and 45% of residents owning their home. A
local real estate agent serving Phillips can help you decide if this neighborhood is the right one for you. Learn more on our
Phillips neighborhood guide.
How much do you need to make to afford a house in Phillips?
The median home price in Phillips is $629,950. If you put a 20% down payment of $126,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,260 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $140K a year to afford the median home price in Phillips. The average household income in Phillips is $76K.
What are the best public schools in Phillips?
The best public schools that serve Phillips are:
What are the best private schools in Phillips?
The best private schools that serve Phillips are:
What are the most popular zip codes in Phillips, Waterford, CT?
What are the most popular neighborhoods near Phillips, Waterford, CT?
Are home prices dropping in Phillips?
Yes, home prices in Phillips are down 31% in the last 12 months.
Home Trends in Phillips, CT
On average, homes in Phillips, Waterford sell after 116 days on the market compared to the national average of 70 days. The median sale price for homes in Phillips, Waterford over the last 12 months is $347,500, down 65% from the median home sale price over the previous 12 months.
Median Sale Price
$347,500
Median Single Family Sale Price
$1,800,000
Median Townhouse Sale Price
$265,000
Average Price Per Sq Ft
$522
Number of Homes for Sale
1
Last 12 months Home Sales
4
Median List Price
$629,950
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
-65%