Plainfield, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Plainfield Housing Market Information

With 32,865 people, 11,583 houses or apartments, and a median cost of homes of $182,360, 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 69.01% of the town's housing units. Other types of housing that are prevalent in Plainfield include large apartment complexes or high rise apartments ( 16.63%), duplexes, homes converted to apartments or other small apartment buildings ( 6.94%), and a few row houses and other attached homes ( 5.73%).

The most prevalent building size and type in Plainfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.28% owning and 35.72% renting.

Plainfield homes and real estate are some of the newest in America. 38.80% 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 ( 38.40%), and between 1940-1969 ( 18.61%). There's also some housing in Plainfield built before 1939 ( 4.19%).

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 20.10%, which ranks in the top 40% nationwide. This equates to an annual average Plainfield house appreciation rate of 1.85%.

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 7.24%, which is higher than appreciation rates in 76.95% 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 1.71%, which equates to an annual appreciation rate of 7.00%.

Importantly, this makes Plainfield one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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:
$182,360

Plainfield, IN HOME PRICES

Value Range
> $1,201,000 0.3
$900,001 - $1,201,000 0.1
$600,001 - $900,000 1.2
$480,001 - $600,000 1.9
$360,001 - $480,000 7.0
$240,001 - $360,000 21.0
$120,001 - $240,000 56.0
$60,001 - $120,000 9.2
$0 - $60,000 3.5

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
43.6087591240876 21.0407239819005

Number Of Homes And Apartments:
11,583

Plainfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
33.58% 1.52%
5
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,447 / per month

Homeownership Rate

Homeownership
Owners 64.28
Renters 35.72
Vacant 7.50

Housing Market Details

 

Age of Homes

AGE OF Plainfield HOMES
2000 or Newer 38.8
1970 - 1999 38.4
1940 - 1969 18.6
1939 or Older 4.2

Types of Homes

TYPE OF Plainfield HOMES
Single-Family 69.0
Townhomes 5.7
Small Apt. Buildings 6.9
Apt. Complexes 16.6
Mobile Homes 1.7
Other 0.0

Home Size

SIZE OF Plainfield HOMES
No Bedroom 3.22
1 Bedroom 4.55
2 Bedrooms 27.05
3 Bedrooms 43.52
4 Bedrooms 17.00
5 or more bedrooms 4.66