Plainfield IN

map preview
Please wait, loading your map...

Plainfield, IN 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Plainfield Housing Market Information

With a population of 35,287, 11,936 total housing units (homes and apartments), and a median house value of $189,332, Plainfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Plainfield, accounting for 68.28% of the town's housing units. Other types of housing that are prevalent in Plainfield include large apartment complexes or high rise apartments ( 17.51%), duplexes, homes converted to apartments or other small apartment buildings ( 6.57%), and a few row houses and other attached homes ( 5.94%).

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 66.94% of Plainfield's homes, and 58.50% 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. 40.64% of Plainfield's housing was built since 2000, making the town 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 ( 35.55%), and between 1940-1969 ( 18.33%). There's also some housing in Plainfield built before 1939 ( 5.48%).

Plainfield Home Appreciation Rates

Appreciation rates for homes in Plainfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 35.05%, which ranks in the top 40% nationwide. This equates to an annual average Plainfield house appreciation rate of 3.05%.

Appreciation rates are so strong in Plainfield that despite a nationwide downturn in the housing market, Plainfield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Plainfield appreciation rates continue to be some of the highest in America, at 5.37%, which is higher than appreciation rates in 78.53% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Plainfield. Plainfield appreciation rates in the latest quarter were at 1.72%, which equates to an annual appreciation rate of 7.07%.

Relative to Indiana, our data show that Plainfield's latest annual appreciation rate is higher than 70% of the other cities and towns in Indiana.

One very important thing to keep in mind is that these are average appreciation rates for the town. 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:

Plainfield, IN HOME PRICES

Value Range
> $1,237,000 0.3
$927,001 - $1,237,000 0.4
$618,001 - $927,000 1.3
$495,001 - $618,000 2.0
$371,001 - $495,000 6.6
$247,001 - $371,000 21.8
$124,001 - $247,000 54.7
$62,001 - $124,000 9.4
$0 - $62,000 3.6

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
45.6175182481752 24.2081447963801

Number Of Homes And Apartments:

Plainfield Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
45.68% 1.83%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,469 / per month

Homeownership Rate

Owners 66.94
Renters 33.06
Vacant 6.47

Housing Market Details


Age of Homes

AGE OF Plainfield HOMES
2000 or Newer 40.6
1970 - 1999 35.6
1940 - 1969 18.3
1939 or Older 5.5

Types of Homes

TYPE OF Plainfield HOMES
Single-Family 68.3
Townhomes 5.9
Small Apt. Buildings 6.6
Apt. Complexes 17.5
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Plainfield HOMES
No Bedroom 3.56
1 Bedroom 5.34
2 Bedrooms 26.49
3 Bedrooms 43.15
4 Bedrooms 15.34
5 or more bedrooms 6.11