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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 32,865, 11,583 total housing units (homes and apartments), and a median house value 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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2019 Q1
|* 10 is highest|
|AGE OF Plainfield HOMES|
|2000 or Newer||38.8|
|1970 - 1999||38.4|
|1940 - 1969||18.6|
|1939 or Older||4.2|
|TYPE OF Plainfield HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Plainfield HOMES|
|5 or more bedrooms||4.66|