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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Plainfield Housing Market Information

With 31,409 people, 11,393 houses or apartments, and a median cost of homes 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%).

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 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.

Average Home Values

 

Median Home Value:
$193,480

Plainfield, IN HOME PRICES

Value Range
> $1,242,000 0.3
$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

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
39.1591240875912 15.158371040724

Number Of Homes And Apartments:
11,393

Plainfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2018 Q3
33.71% 1.56%
6
2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,391 / per month

Homeownership Rate

Homeownership
Owners 67.40
Renters 32.60
Vacant 8.94

Housing Market Details

 

Age of Homes

AGE OF Plainfield HOMES
2000 or Newer 37.1
1970 - 1999 38.3
1940 - 1969 19.8
1939 or Older 4.8

Types of Homes

TYPE OF Plainfield HOMES
Single-Family 70.7
Townhomes 5.8
Small Apt. Buildings 6.9
Apt. Complexes 14.6
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Plainfield HOMES
No Bedroom 2.45
1 Bedroom 5.40
2 Bedrooms 24.97
3 Bedrooms 47.48
4 Bedrooms 15.63
5 or more bedrooms 4.08