Plainfield, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Plainfield Neighborhoods Since 2000




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 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 31,409, 10,789 total housing units (homes and apartments), and a median house value of $171,622, 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 71.31% of the town's housing units. Other types of housing that are prevalent in Plainfield include large apartment complexes or high rise apartments ( 13.25%), duplexes, homes converted to apartments or other small apartment buildings ( 6.90%), and a few row houses and other attached homes ( 6.45%).

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 67.95% of Plainfield's homes, and 63.78% 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 between 2000 and later ( 34.17%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.44%). There's also some housing in Plainfield built before 1939 ( 4.56%).

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 11.11%, which ranks in the top 40% nationwide. This equates to an annual average Plainfield house appreciation rate of 1.06%.

NeighborhoodScout's data show that during the latest twelve months, Plainfield's appreciation rate, at 5.79%, has been at or slightly above the national average. In the latest quarter, Plainfield's appreciation rate has been 1.05%, which annualizes to a rate of 4.27%.

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:
$171,622

Plainfield, IN HOME PRICES

Value Range
> $1,156,000 0.4
$867,001 - $1,156,000 0.1
$578,001 - $867,000 0.4
$462,001 - $578,000 1.8
$347,001 - $462,000 5.5
$232,001 - $347,000 16.6
$115,001 - $232,000 59.3
$58,001 - $115,000 12.0
$0 - $58,000 4.0

Very High for IN
Average for Nation

Value Relative to Nation Value Relative to State
43.6208208911529 19.4570135746606

Number Of Homes And Apartments:
10,789

Plainfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
Since 2000:
2000 Q1 - 2017 Q3
23.48% 1.20% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,400 / per month

Homeownership Rate

Homeownership
Owners 67.95
Renters 32.05
Vacant 9.05

Housing Market Details

 

Age of Homes

AGE OF Plainfield HOMES
2000 or Newer 34.2
1970 - 1999 39.8
1940 - 1969 21.4
1939 or Older 4.6

Types of Homes

TYPE OF Plainfield HOMES
Single-Family 71.3
Townhomes 6.4
Small Apt. Buildings 6.9
Apt. Complexes 13.3
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Plainfield HOMES
No Bedroom 2.17
1 Bedroom 4.92
2 Bedrooms 24.83
3 Bedrooms 48.94
4 Bedrooms 14.84
5 or more bedrooms 4.29