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, 11,393 total housing units (homes and apartments), and a median house value of $193,480, Plainfield real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Plainfield, accounting for 70.74% of the town's housing units. Other types of housing that are prevalent in Plainfield include large apartment complexes or high rise apartments ( 14.64%), duplexes, homes converted to apartments or other small apartment buildings ( 6.90%), and a few row houses and other attached homes ( 5.80%).
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 67.40% of Plainfield's homes, and 63.11% 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 ( 37.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.75%). There's also some housing in Plainfield built before 1939 ( 4.76%).
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 21.85%, which ranks in the top 30% nationwide. This equates to an annual average Plainfield house appreciation rate of 2.00%.
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 9.72%, which is higher than appreciation rates in 91.92% 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 4.80%, which equates to an annual appreciation rate of 20.64%.
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 90% 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.
|$931,001 - $1,242,000||0.2|
|$621,001 - $931,000||0.7|
|$497,001 - $621,000||2.3|
|$373,001 - $497,000||6.2|
|$248,001 - $373,000||17.6|
|$124,001 - $248,000||58.9|
|$62,001 - $124,000||10.3|
|$0 - $62,000||3.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
2000 Q1 - 2018 Q3
|* 10 is highest|
|AGE OF Plainfield HOMES|
|2000 or Newer||37.1|
|1970 - 1999||38.3|
|1940 - 1969||19.8|
|1939 or Older||4.8|
|TYPE OF Plainfield HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Plainfield HOMES|
|5 or more bedrooms||4.08|