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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



South Plainfield, NJ Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

South Plainfield, NJ Housing Market Trends

With a population of 24,228, 8,150 total housing units (homes and apartments), and a median house value of $536,544, real estate costs in South Plainfield 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.

Single-family detached homes are the single most common housing type in South Plainfield, accounting for 78.30% of the borough's housing units. Other types of housing that are prevalent in South Plainfield include large apartment complexes or high rise apartments ( 10.98%), row houses and other attached homes ( 5.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in South Plainfield. Owner-occupied housing accounts for 84.44% of South Plainfield's homes, and 73.61% have either three or four bedrooms, which is average sized relative to America.

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. South Plainfield's housing was primarily built during this period, from the '40s through the '60s. A full 55.19% of the borough's housing hails from this era. Other housing ages represented in South Plainfield include homes built between 1970-1999 ( 24.73%) and housing constructed between 2000 and later ( 12.25%). There's also some housing in South Plainfield built before 1939 ( 7.83%).

South Plainfield Home Appreciation Rates

South Plainfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Plainfield during the period has been just 5.32%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, South Plainfield's appreciation rate, at 4.85%, has been at or slightly above the national average. In the latest quarter, South Plainfield's appreciation rate has been 0.41%, which annualizes to a rate of 1.66%.

Relative to New Jersey, our data show that South Plainfield's latest annual appreciation rate is lower 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 South Plainfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South 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 South Plainfield real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$536,544

South Plainfield, NJ Home Prices
> $1,258,000
$944,001 - $1,258,000
$629,001 - $944,000
$503,001 - $629,000
$378,001 - $503,000
$251,001 - $378,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
1.4%
1.4%
0.6%
0.6%
18.1%
18.1%
37.6%
37.6%
30.7%
30.7%
6.7%
6.7%
1.3%
1.3%
1.3%
1.3%
2.1%
2.1%
0% 100.0%
% of Homes
Average

for New jersey

Very High

for nation

Number of Homes And Apartments:

8,150

South Plainfield Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,276 / per month

Homeownership Rate

Owners
Renters
84.4%
84.4%
15.6%
15.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.0%
3.0%
97.0%
97.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.3%
12.3%
24.7%
24.7%
55.2%
55.2%
7.8%
7.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.3%
78.3%
5.5%
5.5%
5.2%
5.2%
11.0%
11.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
3.7%
3.7%
17.7%
17.7%
49.3%
49.3%
24.3%
24.3%
4.5%
4.5%
0% 100.0%
% of Homes