Plainfield, IN 46168 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Plainfield, IN—46168

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$323,000

0.7% YoY Growth

Household Income

$87,300

30.0% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

2.1%

Median Rent

$1,840

4.7% YoY Growth

1-Bed Rent

$1,320

16.1% YoY Growth

2-Bed Rent

$1,400

22.6% YoY Growth

3-Bed Rent

$1,850

1.1% YoY Growth

Home Price Trends — Plainfield, IN

As of Dec '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 2.1%, 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	$252,000	1.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

2.5%

1 Bedroom

25.7%

2 Bedrooms

44.0%

3 Bedrooms

19.2%

4 Bedrooms

8.5%

Property Listings — Plainfield, IN

As of Dec '25, Realtor.com reports that the median days on market for a home in Plainfield, IN is 52. This is a increase of 11.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$360,000	0.0%
Listing Count	115	17.0%
Listings as % of Homes	0.6%	17.0%
Days on Market	65	10.0%

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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%

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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%

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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%

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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

Plainfield, IN—46168

Key Metrics at a Glance

Home Price Trends — Plainfield, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Plainfield, IN

% of Rental Stock

Property Listings — Plainfield, IN

Demographics — Plainfield, IN

Race and Ethnicity

Mortgage and Risk — Plainfield, IN

Mortgages

Rentals and Section 8 — Plainfield, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Plainfield, IN

Home Price to Income Ratio

Plainfield, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Warren Township, Indianapolis, IN

Avon, IN

Fishers West, Indianapolis, IN

Mooresville, IN

West Indianapolis, Indianapolis, IN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$323,000
Median Household Income	$87,300

Plainfield, IN—46168

Key Metrics at a Glance

Home Price Trends — Plainfield, IN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Plainfield, IN

% of Rental Stock

Property Listings — Plainfield, IN

Demographics — Plainfield, IN

Race and Ethnicity

Mortgage and Risk — Plainfield, IN

Mortgages

Rentals and Section 8 — Plainfield, IN

Section 8 Market Size

Section 8 Opportunity

Affordability — Plainfield, IN

Home Price to Income Ratio

Plainfield, IN — ZIP Code Boundary Map

Nearby ZIP Codes

Warren Township, Indianapolis, IN

Avon, IN

Fishers West, Indianapolis, IN

Mooresville, IN

West Indianapolis, Indianapolis, IN

Frequently Asked Questions

What is the average home price in Plainfield, IN 46168?

How have home prices in Plainfield, IN 46168 changed over the past year?

What is the home price projection for Plainfield, IN 46168?

What are the demographics of Plainfield, IN 46168?

How long does it take homes to sell in Plainfield, IN 46168?

What is the average rent price in Plainfield, IN 46168?