Plainville, CT—06062
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainville, CT
As of Oct '25, the median home price in Plainville, CT is $325,000, with a year-over-year change of 3.4%. This indicates that home prices in Plainville, CT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $325,000 | 3.4% |
| Single Family | $340,000 | 3.3% |
| Condos | $239,000 | 8.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $158,000 | 8.2% |
2 Bed | $265,000 | 6.4% |
3 Bed | $348,000 | 3.3% |
4 Bed | $392,000 | 3.2% |
| 5 Bed | $431,000 | 3.6% |
% of Housing Stock
Rental Trends — Plainville, CT
As of July '25, Rentcast reports the average rent in Plainville, CT is $2,170, with a year-over-year rent change of -13.2%. Per bedroom, the median rent as of July '25 in Plainville, CT is 1-bedrooms: $1,760, 2-bedrooms: $2,180, 3-bedrooms: $2,400, 4-bedrooms: $2,540. The most common rental property sizes in Plainville, CT are 2-bedroom and studio, accounting for 38.6% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,760 |
| 2 Bed Rent | $2,000 | $2,180 |
| 3 Bed Rent | $2,100 | $2,400 |
| 4 Bed Rent | $2,400 | $2,540 |
% of Rental Stock
Property Listings — Plainville, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainville, CT is 19. This is a decrease of -42.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | -3.0% |
Listing Count | 46 | -15.0% |
| Listings as % of Homes | 0.4% | -15.0% |
Days on Market | 19 | -42.0% |
Demographics — Plainville, CT
As of the latest ACS Survey released in 2023, Plainville, CT has a population of 17,500, which has decreased by -1.2% over the past 5 years. Plainville, CT is a moderately popular place for families, as children make up 16.2% of the population. The area has a moderately educated workforce, with 28.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,500 | -1.2% |
% Under 18 | 16.2% | -4.1% |
% Seniors | 19.7% | 10.7% |
% WFH | 9.0% | 190.3% |
% w/ College Degree | 28.5% | 1.1% |
As of the latest ACS Survey released in 2023, Plainville, CT is a predominantly white area, with 78.4% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Plainville, CT is hispanic, making up 11.3% of the population. Foreign-born residents account for 11.0% of the population in Plainville, CT, and this percentage has increased by 4.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.4% | -6.1% |
% Black | 2.6% | 62.5% |
% Hispanic | 11.3% | 9.7% |
% Asian | 2.8% | -15.2% |
% Foreign Born | 11.0% | 4.8% |
Mortgage and Risk — Plainville, CT
According to HUD data as of 2023, there were 341 mortgage originations in Plainville, CT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Plainville, CT. Investor activity is low, as 1.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 341 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Plainville, CT
As of 2024, the percent of homes in Plainville, CT under the Section 8 program is 4.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Plainville, CT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $1,600 | $1,110 |
| 2 Bedroom | -$600 | $2,000 | $1,400 |
| 3 Bedroom | -$410 | $2,100 | $1,690 |
| 4 Bedroom | -$400 | $2,400 | $2,000 |
Affordability — Plainville, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $325,000 |
| Median Household Income | $81,900 |