Plainfield, IN 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Plainfield, IN Housing Market Trends

With a population of 35,287, 12,331 total housing units (homes and apartments), and a median house value of $188,942, Plainfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Plainfield, accounting for 63.83% of the town's housing units. Other types of housing that are prevalent in Plainfield include large apartment complexes or high rise apartments ( 22.25%), duplexes, homes converted to apartments or other small apartment buildings ( 5.86%), and a few row houses and other attached homes ( 5.30%).

The most prevalent building size and type in Plainfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.26% owning and 39.74% renting.

Plainfield homes and real estate are some of the newest in America. 40.97% of Plainfield's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Plainfield real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.27%), and between 1940-1969 ( 18.52%). There's also some housing in Plainfield built before 1939 ( 5.24%).

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 38.19%, which ranks in the top 40% nationwide. This equates to an annual average Plainfield house appreciation rate of 3.29%.

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 6.57%, which is higher than appreciation rates in 77.35% 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 2.44%, which equates to an annual appreciation rate of 10.10%.

Relative to Indiana, our data show that Plainfield's latest annual appreciation rate is higher than 80% 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

 
info

Median Home Value:
$188,942

Plainfield, IN HOME PRICES

> $1,206,000
0.6%
0.6%
$904,001 - $1,206,000
0.3%
0.3%
$603,001 - $904,000
1.6%
1.6%
$482,001 - $603,000
2.2%
2.2%
$362,001 - $482,000
7.1%
7.1%
$241,001 - $362,000
24.7%
24.7%
$121,001 - $241,000
51.4%
51.4%
$60,001 - $121,000
8.3%
8.3%
$0 - $60,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for IN

Value Relative To Nation

Number Of Homes And Apartments:
12,331

Plainfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
48.90% 1.91%
6
3
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,384 / per month

Homeownership Rate

Owners
60.3%
60.3%
Renters
39.7%
39.7%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
41.0%
41.0%
1970 - 1999
35.3%
35.3%
1940 - 1969
18.5%
18.5%
1939 or Older
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
63.8%
63.8%
Townhomes
5.3%
5.3%
Small Apt. Buildings
5.9%
5.9%
Apt. Complexes
22.2%
22.2%
Mobile Homes
2.8%
2.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.9%
2.9%
1 Bedroom
6.8%
6.8%
2 Bedrooms
29.3%
29.3%
3 Bedrooms
39.1%
39.1%
4 Bedrooms
15.6%
15.6%
5 or more bedrooms
6.3%
6.3%
0.0% 100.0%
% OF HOMES