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 23,621, 1,978 total housing units (homes and apartments), and a median house value of $415,457, real estate costs in Plainsboro are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.
Large apartment complexes or high rise apartments are the single most common housing type in Plainsboro, accounting for 52.31% of the town's housing units. Other types of housing that are prevalent in Plainsboro include single-family detached homes ( 28.22%), row houses and other attached homes ( 12.67%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.80%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Plainsboro primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Plainsboro has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Plainsboro 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 Plainsboro built between 2000 and later ( 11.93%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.98%). There's also some housing in Plainsboro built before 1939 ( 1.76%).
Vacant housing appears to be an issue in Plainsboro. Fully 10.34% of the housing stock is classified as vacant. Left unchecked, vacant Plainsboro homes and apartments can be a drag on the real estate market, holding Plainsboro real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Plainsboro have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.04%, which ranks in the top 50% nationwide. This equates to an annual average Plainsboro house appreciation rate of 0.30%.
Over the last year, Plainsboro appreciation rates have trailed the rest of the nation. In the last twelve months, Plainsboro's appreciation rate has been 2.79%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plainsboro were at 0.66%, which equates to an annual appreciation rate of 2.68%.
Relative to New Jersey, our data show that Plainsboro's latest annual appreciation rate is lower than 50% 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 town. Individual neighborhoods within Plainsboro differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plainsboro - 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 Plainsboro real estate investment or home purchase decisions.
|$834,001 - $1,113,000||7.3|
|$557,001 - $834,000||22.6|
|$445,001 - $557,000||15.0|
|$334,001 - $445,000||15.2|
|$222,001 - $334,000||17.4|
|$111,001 - $222,000||16.7|
|$56,001 - $111,000||2.7|
|$0 - $56,000||0.6|
|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 Plainsboro HOMES|
|2000 or Newer||11.9|
|1970 - 1999||79.3|
|1940 - 1969||7.0|
|1939 or Older||1.8|
|TYPE OF Plainsboro HOMES|
|Small Apt. Buildings||6.8|
|SIZE OF Plainsboro HOMES|
|5 or more bedrooms||4.35|