Plainfield, NJ—07060
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainfield, NJ
As of Oct '25, the median home price in Plainfield, NJ is $524,000, with a year-over-year change of 4.7%. This indicates that home prices in Plainfield, NJ are increasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $524,000 | 4.7% |
| Single Family | $534,000 | 3.7% |
| Condos | $270,000 | -0.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $387,000 | 4.3% |
3 Bed | $501,000 | 3.7% |
4 Bed | $568,000 | 3.3% |
| 5 Bed | $691,000 | 3.3% |
% of Housing Stock
Rental Trends — Plainfield, NJ
As of July '25, Rentcast reports the average rent in Plainfield, NJ is $2,140, with a year-over-year rent change of 1.9%. Per bedroom, the median rent as of July '25 in Plainfield, NJ is studios: $1,640, 1-bedrooms: $1,890, 2-bedrooms: $2,390, 3-bedrooms: $3,060, 4-bedrooms: $4,500. The most common rental property sizes in Plainfield, NJ are 2-bedroom and 1-bedroom, accounting for 32.0% and 29.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,140 |
| Studio Rent | $1,600 | $1,640 |
| 1 Bed Rent | $1,800 | $1,890 |
| 2 Bed Rent | $2,300 | $2,390 |
| 3 Bed Rent | $2,800 | $3,060 |
| 4 Bed Rent | $4,500 | $4,500 |
% of Rental Stock
Property Listings — Plainfield, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainfield, NJ is 30. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 0.0% |
Listing Count | 80 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 30 | 1.0% |
Demographics — Plainfield, NJ
As of the latest ACS Survey released in 2023, Plainfield, NJ has a population of 47,600, which has increased by 3.4% over the past 5 years. Plainfield, NJ is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 47,600 | 3.4% |
% Under 18 | 26.3% | 11.0% |
% Seniors | 10.1% | -5.6% |
% WFH | 5.9% | 227.8% |
% w/ College Degree | 21.9% | 5.8% |
As of the latest ACS Survey released in 2023, Plainfield, NJ is a predominantly hispanic area, with 60.9% of the population identifying as hispanic. The hispanic population has grown by 20.8% in the last 5 years. The second most common race or ethnicity in Plainfield, NJ is black, making up 23.0% of the population. Foreign-born residents account for 46.8% of the population in Plainfield, NJ, and this percentage has increased by 18.5% 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 | 11.5% | -21.8% |
% Black | 23.0% | -20.4% |
% Hispanic | 60.9% | 20.8% |
% Asian | 2.1% | -25.0% |
% Foreign Born | 46.8% | 18.5% |
Mortgage and Risk — Plainfield, NJ
According to HUD data as of 2023, there were 408 mortgage originations in Plainfield, NJ, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Plainfield, NJ. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 408 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Plainfield, NJ
As of 2024, the percent of homes in Plainfield, NJ under the Section 8 program is 9.9%. 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 Plainfield, NJ, 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 | 1,383 |
Total Units Section 8 | 971 |
% Rentals under Section 8 | 9.9% |
% Occupied Section 8 | 88.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$170 | $1,800 | $1,630 |
| 2 Bedroom | -$250 | $2,300 | $2,050 |
| 3 Bedroom | -$310 | $2,800 | $2,490 |
| 4 Bedroom | -$1,750 | $4,500 | $2,750 |
Affordability — Plainfield, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $524,000 |
| Median Household Income | $72,900 |