Plainfield, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Plainfield Neighborhoods Since 2000




Plainfield, CT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Plainfield Housing Market Information

With a population of 15,077, 5,714 total housing units (homes and apartments), and a median house value of $184,993, Plainfield real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Plainfield homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Plainfield, accounting for 66.54% of the town's housing units. Other types of housing that are prevalent in Plainfield include duplexes, homes converted to apartments or other small apartment buildings ( 13.25%), large apartment complexes or high rise apartments ( 9.60%), and a few row houses and other attached homes ( 7.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Plainfield. Owner-occupied housing accounts for 71.48% of Plainfield's homes, and 60.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Plainfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Plainfield built before 1939 ( 30.66%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.88%). There's also some housing in Plainfield built between 2000 and later ( 6.88%).

Vacant housing appears to be an issue in Plainfield. Fully 11.66% of the housing stock is classified as vacant. Left unchecked, vacant Plainfield homes and apartments can be a drag on the real estate market, holding Plainfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Plainfield Home Appreciation Rates

Homes have actually lost value in Plainfield over the last then years, as home values have seen a decline of 24.90% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Plainfield home appreciation rates at 0.33%, which equates to an annual appreciation rate of 1.33%.

Over the last year, Plainfield appreciation rates have trailed the rest of the nation. In the last twelve months, Plainfield's appreciation rate has been 0.74%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plainfield were at 0.33%, which equates to an annual appreciation rate of 1.33%.

Relative to Connecticut, our data show that Plainfield's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$184,993

Plainfield, CT HOME PRICES

Value Range
> $1,030,000 0.0
$772,001 - $1,030,000 0.3
$515,001 - $772,000 0.3
$412,001 - $515,000 1.0
$309,001 - $412,000 6.7
$206,001 - $309,000 26.5
$103,001 - $206,000 57.5
$52,001 - $103,000 3.3
$0 - $52,000 4.5

Very Low for CT
High for Nation

Value Relative to Nation Value Relative to State
36.417438181179 89.3491124260355

Number Of Homes And Apartments:
5,714

Plainfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
31.85% 1.62% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,022 / per month

Homeownership Rate

Homeownership
Owners 71.48
Renters 28.52
Vacant 11.66

Housing Market Details

 

Age of Homes

AGE OF Plainfield HOMES
2000 or Newer 6.9
1970 - 1999 36.6
1940 - 1969 25.9
1939 or Older 30.7

Types of Homes

TYPE OF Plainfield HOMES
Single-Family 66.5
Townhomes 7.3
Small Apt. Buildings 13.2
Apt. Complexes 9.6
Mobile Homes 3.3
Other 0.0

Home Size

SIZE OF Plainfield HOMES
No Bedroom 1.67
1 Bedroom 9.37
2 Bedrooms 24.80
3 Bedrooms 47.06
4 Bedrooms 13.19
5 or more bedrooms 3.91

Popular Neighborhoods in Plainfield

Zip Codes in Plainfield, CT