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 22,140 people, 7,321 houses or apartments, and a median cost of homes of $298,039, North 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 North Plainfield, accounting for 49.59% of the borough's housing units. Other types of housing that are prevalent in North Plainfield include duplexes, homes converted to apartments or other small apartment buildings ( 25.25%), large apartment complexes or high rise apartments ( 21.37%), and a few row houses and other attached homes ( 3.79%).
People in North Plainfield primarily live in small (one, two or no bedroom) single-family detached homes. North Plainfield has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. North Plainfield's housing was primarily built during this period, from the '40s through the '60s. A full 52.57% of the borough's housing hails from this era. Other housing ages represented in North Plainfield include homes built before 1939 ( 34.02%) and housing constructed between 1970-1999 ( 12.72%).
Homes have actually lost value in North Plainfield over the last then years, as home values have seen a decline of 27.71% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows North Plainfield home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.
NeighborhoodScout's data show that during the latest twelve months, North Plainfield's appreciation rate, at 4.75%, has been at or slightly above the national average. In the latest quarter, North Plainfield's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.
Relative to New Jersey, our data show that North Plainfield's latest annual appreciation rate is higher than 80% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the borough. Individual neighborhoods within North Plainfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North 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 North Plainfield real estate investment or home purchase decisions.
|$826,001 - $1,101,000||0.3|
|$550,001 - $826,000||3.5|
|$441,001 - $550,000||4.2|
|$330,001 - $441,000||20.4|
|$220,001 - $330,000||40.7|
|$110,001 - $220,000||23.0|
|$55,001 - $110,000||7.4|
|$0 - $55,000||0.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF North Plainfield HOMES|
|2000 or Newer||0.7|
|1970 - 1999||12.7|
|1940 - 1969||52.6|
|1939 or Older||34.0|
|TYPE OF North Plainfield HOMES|
|Small Apt. Buildings||25.2|
|SIZE OF North Plainfield HOMES|
|5 or more bedrooms||2.33|