Plainfield, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Plainfield Neighborhoods Since 2000




Plainfield, IL 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 42,527, 12,113 total housing units (homes and apartments), and a median house value of $307,232, Plainfield real estate is some of the most expensive in Illinois, although Plainfield home values aren't among America's most expensive.

Plainfield is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Plainfield than is found in 98% of the communities in America.

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 86.26% of Plainfield's homes, and 81.18% have either three or four bedrooms, which is average sized relative to America.

Plainfield homes and real estate are some of the newest in America. 66.18% of Plainfield's housing was built since 2000, making the village have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Plainfield real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.51%), and between 1940-1969 ( 4.04%). There's also some housing in Plainfield built before 1939 ( 1.28%).

Plainfield Home Appreciation Rates

Plainfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Plainfield during the period has been just -1.63%, which is lower than 80% of US communities.

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 2.44%, 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 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Plainfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Plainfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plainfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Plainfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$307,232

Plainfield, IL HOME PRICES

Value Range
> $1,112,000 0.2
$834,001 - $1,112,000 0.4
$556,001 - $834,000 3.3
$445,001 - $556,000 8.3
$334,001 - $445,000 26.5
$222,001 - $334,000 41.3
$111,001 - $222,000 17.3
$56,001 - $111,000 0.8
$0 - $56,000 1.8

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
15.7447556545178 9.62025316455696

Number Of Homes And Apartments:
12,113

Plainfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
13.61% 0.74% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,097 / per month

Homeownership Rate

Homeownership
Owners 86.26
Renters 13.74
Vacant 4.52

Housing Market Details

 

Age of Homes

AGE OF Plainfield HOMES
2000 or Newer 66.2
1970 - 1999 28.5
1940 - 1969 4.0
1939 or Older 1.3

Types of Homes

TYPE OF Plainfield HOMES
Single-Family 81.9
Townhomes 13.4
Small Apt. Buildings 1.4
Apt. Complexes 3.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Plainfield HOMES
No Bedroom 0.80
1 Bedroom 1.96
2 Bedrooms 10.65
3 Bedrooms 23.99
4 Bedrooms 57.18
5 or more bedrooms 5.42