South Plainfield, NJ—07080
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Plainfield, NJ
As of Oct '25, the median home price in South Plainfield, NJ is $577,000, with a year-over-year change of 6.3%. This indicates that home prices in South Plainfield, NJ are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $577,000 | 6.4% |
| Single Family | $584,000 | 5.2% |
| Condos | $448,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $450,000 | 2.3% |
3 Bed | $570,000 | 4.2% |
4 Bed | $662,000 | 3.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Plainfield, NJ
As of July '25, Rentcast reports the average rent in South Plainfield, NJ is $2,570, with a year-over-year rent change of -25.3%. Per bedroom, the median rent as of July '25 in South Plainfield, NJ is 1-bedrooms: $1,940, 2-bedrooms: $2,520, 3-bedrooms: $3,010, 4-bedrooms: $3,100. The most common rental property sizes in South Plainfield, NJ are 2-bedroom and 1-bedroom, accounting for 44.0% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,570 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,070 | $1,940 |
| 2 Bed Rent | $2,500 | $2,520 |
| 3 Bed Rent | $2,950 | $3,010 |
| 4 Bed Rent | $3,100 | $3,100 |
% of Rental Stock
Property Listings — South Plainfield, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in South Plainfield, NJ is 31. This is a increase of 6.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | 12.0% |
Listing Count | 71 | 9.0% |
| Listings as % of Homes | 0.6% | 9.0% |
Days on Market | 31 | 6.0% |
Demographics — South Plainfield, NJ
As of the latest ACS Survey released in 2023, South Plainfield, NJ has a population of 24,200, which has increased by 1.5% over the past 5 years. South Plainfield, NJ is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 41.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,200 | 1.5% |
% Under 18 | 20.9% | -2.3% |
% Seniors | 18.0% | 11.1% |
% WFH | 12.3% | 261.8% |
% w/ College Degree | 41.9% | 19.4% |
As of the latest ACS Survey released in 2023, South Plainfield, NJ is a predominantly white area, with 50.6% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in South Plainfield, NJ is hispanic, making up 18.7% of the population. Foreign-born residents account for 23.4% of the population in South Plainfield, NJ, and this percentage has decreased by 2.5% 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 | 50.6% | -2.7% |
% Black | 11.0% | -12.0% |
% Hispanic | 18.7% | 2.7% |
% Asian | 16.0% | 3.2% |
% Foreign Born | 23.4% | -2.5% |
Mortgage and Risk — South Plainfield, NJ
According to HUD data as of 2023, there were 353 mortgage originations in South Plainfield, NJ, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in South Plainfield, NJ. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 353 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — South Plainfield, NJ
As of 2024, the percent of homes in South Plainfield, NJ under the Section 8 program is 1.7%. 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 South 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 | 27 |
Total Units Section 8 | 24 |
% Rentals under Section 8 | 1.7% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $2,070 | $1,830 |
| 2 Bedroom | -$200 | $2,500 | $2,300 |
| 3 Bedroom | -$180 | $2,950 | $2,770 |
| 4 Bedroom | -$50 | $3,100 | $3,050 |
Affordability — South Plainfield, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $577,000 |
| Median Household Income | $126,000 |