Plainfield, CT—06374
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 $331,000, with a year-over-year change of 1.2%. This indicates that home prices in Plainfield, CT are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $331,000 | 1.2% |
| Single Family | $336,000 | 0.9% |
| Condos | $249,000 | 2.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $280,000 | 1.8% |
3 Bed | $337,000 | 0.9% |
4 Bed | $369,000 | 1.7% |
| 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 $1,580, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Plainfield, CT is 2-bedrooms: $1,300, 3-bedrooms: $1,880. The most common rental property sizes in Plainfield, CT are 3-bedroom and 1-bedroom, accounting for 37.5% and 27.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,300 | $1,300 |
| 3 Bed Rent | $1,880 | $1,880 |
| 4 Bed Rent | N/A | N/A |
% 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 74. This is a increase of 82.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $330,000 | -18.0% |
Listing Count | 26 | 34.0% |
| Listings as % of Homes | 0.5% | 34.0% |
Days on Market | 74 | 82.0% |
Demographics — Plainfield, CT
As of the latest ACS Survey released in 2023, Plainfield, CT has a population of 7,880, which has increased by 10.0% over the past 5 years. Plainfield, CT is a moderately popular place for families, as children make up 19.7% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,880 | 10.0% |
% Under 18 | 19.7% | 13.9% |
% Seniors | 19.2% | -4.5% |
% WFH | 11.0% | 205.6% |
% w/ College Degree | 13.7% | 9.6% |
As of the latest ACS Survey released in 2023, Plainfield, CT is a predominantly white area, with 87.8% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Plainfield, CT is hispanic, making up 6.0% of the population. Foreign-born residents account for 3.6% of the population in Plainfield, CT, and this percentage has decreased by 12.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 87.8% | -2.3% |
% Black | 2.8% | -9.7% |
% Hispanic | 6.0% | 100.0% |
% Asian | 0.8% | -33.3% |
% Foreign Born | 3.6% | -12.2% |
Mortgage and Risk — Plainfield, CT
According to HUD data as of 2023, there were 198 mortgage originations in Plainfield, CT, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Plainfield, CT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 198 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
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 | 88 |
Total Units Section 8 | 64 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 89.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | $230 | $1,300 | $1,530 |
| 3 Bedroom | -$10 | $1,880 | $1,870 |
| 4 Bedroom | N/A | N/A | $2,370 |
Affordability — Plainfield, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $331,000 |
| Median Household Income | $69,300 |