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 about Scout's Real Estate Data
With 46,243 people, 13,919 houses or apartments, and a median cost of homes of $454,143, Plainfield real estate is some of the most expensive in Illinois, although Plainfield home values aren't among America's most expensive.
Plainfield is a village of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Plainfield than is found in 98% of the communities in America.
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 89.27% of Plainfield's homes, and 75.78% have either three or four bedrooms, which is average sized relative to America.
Plainfield homes and real estate are some of the newest in America. 62.01% of Plainfield's housing was built since 2000, making the village 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 ( 31.10%), and before 1939 ( 3.51%). There's also some housing in Plainfield built between 1940-1969 ( 3.38%).
Plainfield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Plainfield during the period has been just 5.34%, which is lower than 70% of US communities.
Over the last year, Plainfield appreciation rates have trailed the rest of the nation. In the last twelve months, Plainfield's appreciation rate has been 4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Plainfield were at 0.21%, which equates to an annual appreciation rate of 0.86%.
Relative to Illinois, our data show that Plainfield's latest annual appreciation rate is lower than 50% of the other cities and towns in Illinois.
One very important thing to keep in mind is that these are average appreciation rates for the village. 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.
$454,143
for Illinois
for nation
13,919
$3,197 / per month