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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.

Phillips Home Prices vs. Nearby Waterford, CT Neighborhoods

Phillips Arlington East Side Geneva
Median Home Price
$285,000
$369,000
$319,900
$337,450
Median Sale Price
$276,000
-12% YoY
$364,000
-2% YoY
$315,000
+7% YoY
$385,000
+7% YoY
Median Single Family Price
$276,000
$374,500
$322,500
$436,250
Median Condo Price
--
$308,000
$180,000
$222,500
Total Active Listings
0
0
0
7
Market Conditions
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market

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 with some transit options. Phillips is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. 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.
Is Phillips, CT a safe neighborhood?
Phillips, CT is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Phillips?
The median home price in Phillips is $285,000. If you put a 20% down payment of $57,000 and had a 30-year fixed mortgage with an interest rate of 6.47%, your estimated principal and interest payment would be $1,440 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $62K a year to afford the median home price in Phillips. Learn how much home you can afford with our Home Affordability Calculator. 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?
The most popular zip codes in Phillips, Waterford, CT include 06375, 06385, 06320, 06340 and 06355.
What are the most popular neighborhoods near Phillips, Waterford, CT?
The most popular neighborhoods near Phillips, Waterford, CT are Jefferson, Downtown New London, Willetts, South New London and Niantic.
Are home prices dropping in Phillips?
Yes, home prices in Phillips are down 5% in the last 12 months.
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