Plainfield, CT—06354
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Plainfield, CT
Home Price Trends — Plainfield, CT
As of Oct '25, the median home price in Plainfield, CT is $361,000, with a year-over-year change of 3.0%. This indicates that home prices in Plainfield, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $361,000 | 3.1% |
| Single Family | $358,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $332,000 | 1.8% |
3 Bed | $361,000 | 2.6% |
4 Bed | $379,000 | 3.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Plainfield, CT
As of July '25, Rentcast reports the average rent in Plainfield, CT is $1,910, with a year-over-year rent change of 27.3%. Per bedroom, the median rent as of July '25 in Plainfield, CT is 2-bedrooms: $2,000, 3-bedrooms: $1,900, 4-bedrooms: $1,860. The most common rental property sizes in Plainfield, CT are 2-bedroom and 1-bedroom, accounting for 35.3% and 28.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,910 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,000 | $2,000 |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | $1,600 | $1,860 |
% of Rental Stock
Property Listings — Plainfield, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainfield, CT is 18. This is a increase of 66.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $465,000 | 13.0% |
Listing Count | 22 | 62.0% |
| Listings as % of Homes | 0.7% | 62.0% |
Days on Market | 18 | 66.0% |
Demographics — Plainfield, CT
As of the latest ACS Survey released in 2023, Plainfield, CT has a population of 5,840, which has decreased by -7.7% over the past 5 years. Plainfield, CT is a moderately popular place for families, as children make up 18.0% of the population. The area has a poorly educated workforce, with 16.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,840 | -7.7% |
% Under 18 | 18.0% | -9.5% |
% Seniors | 12.8% | -28.9% |
% WFH | 13.2% | 180.9% |
% w/ College Degree | 16.4% | 9.3% |
As of the latest ACS Survey released in 2023, Plainfield, CT is a predominantly white area, with 85.1% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Plainfield, CT is asian, making up 5.5% of the population. Foreign-born residents account for 7.0% of the population in Plainfield, CT, and this percentage has increased by 62.8% 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 | 85.1% | 0.2% |
% Black | 1.4% | 75.0% |
% Hispanic | 4.9% | -49.0% |
% Asian | 5.5% | 41.0% |
% Foreign Born | 7.0% | 62.8% |
Mortgage and Risk — Plainfield, CT
According to HUD data as of 2023, there were 119 mortgage originations in Plainfield, CT, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Plainfield, CT. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 119 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Plainfield, CT
Plainfield, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 140 |
Total Units Section 8 | 140 |
% Rentals under Section 8 | 26.0% |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | -$460 | $2,000 | $1,540 |
| 3 Bedroom | -$20 | $1,900 | $1,880 |
| 4 Bedroom | $660 | $1,600 | $2,260 |
Affordability — Plainfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $361,000 |
| Median Household Income | $89,900 |