Plainfield, IN—46168
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainfield, IN
As of Oct '25, the median home price in Plainfield, IN is $323,000, with a year-over-year change of 0.7%. This indicates that home prices in Plainfield, IN are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $323,000 | 0.7% |
| Single Family | $330,000 | 0.6% |
| Condos | $253,000 | 1.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $247,000 | 1.6% |
3 Bed | $298,000 | 0.7% |
4 Bed | $385,000 | 0.5% |
| 5 Bed | $456,000 | -1.1% |
% of Housing Stock
Rental Trends — Plainfield, IN
As of July '25, Rentcast reports the average rent in Plainfield, IN is $1,820, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Plainfield, IN is studios: $1,500, 1-bedrooms: $1,410, 2-bedrooms: $1,520, 3-bedrooms: $1,860, 4-bedrooms: $2,210. The most common rental property sizes in Plainfield, IN are 2-bedroom and 1-bedroom, accounting for 44.0% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,840 | $1,820 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,320 | $1,410 |
| 2 Bed Rent | $1,400 | $1,520 |
| 3 Bed Rent | $1,850 | $1,860 |
| 4 Bed Rent | $2,150 | $2,210 |
% of Rental Stock
Property Listings — Plainfield, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainfield, IN is 50. This is a increase of 10.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $365,000 | 1.0% |
Listing Count | 159 | 27.0% |
| Listings as % of Homes | 0.6% | 27.0% |
Days on Market | 50 | 10.0% |
Demographics — Plainfield, IN
As of the latest ACS Survey released in 2023, Plainfield, IN has a population of 38,900, which has increased by 12.8% over the past 5 years. Plainfield, IN is a moderately popular place for families, as children make up 22.1% of the population. The area has a moderately educated workforce, with 36.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,900 | 12.8% |
% Under 18 | 22.1% | -3.5% |
% Seniors | 15.1% | 2.0% |
% WFH | 11.9% | 147.9% |
% w/ College Degree | 36.6% | 13.7% |
As of the latest ACS Survey released in 2023, Plainfield, IN is a predominantly white area, with 76.4% of the population identifying as white. The white population has shrunk by 10.5% in the last 5 years. The second most common race or ethnicity in Plainfield, IN is black, making up 8.9% of the population. Foreign-born residents account for 6.5% of the population in Plainfield, IN, and this percentage has increased by 58.5% 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 | 76.4% | -10.5% |
% Black | 8.9% | 20.3% |
% Hispanic | 6.0% | 122.2% |
% Asian | 4.2% | 100.0% |
% Foreign Born | 6.5% | 58.5% |
Mortgage and Risk — Plainfield, IN
According to HUD data as of 2023, there were 868 mortgage originations in Plainfield, IN, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Plainfield, IN. Investor activity is low, as 3.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 868 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Plainfield, IN
As of 2024, the percent of homes in Plainfield, IN 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. 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Plainfield, IN, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 189 |
Total Units Section 8 | 189 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$140 | $1,320 | $1,180 |
| 2 Bedroom | -$20 | $1,400 | $1,380 |
| 3 Bedroom | -$50 | $1,850 | $1,800 |
| 4 Bedroom | $30 | $2,150 | $2,180 |
Affordability — Plainfield, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $323,000 |
| Median Household Income | $87,300 |