Plainfield, IL—60544
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainfield, IL
As of Oct '25, the median home price in Plainfield, IL is $379,000, with a year-over-year change of 2.7%. This indicates that home prices in Plainfield, IL are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $379,000 | 2.7% |
| Single Family | $390,000 | 2.6% |
| Condos | $260,000 | 2.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $298,000 | 3.8% |
3 Bed | $347,000 | 2.4% |
4 Bed | $503,000 | 2.9% |
| 5 Bed | $560,000 | 2.0% |
% of Housing Stock
Rental Trends — Plainfield, IL
As of July '25, Rentcast reports the average rent in Plainfield, IL is $2,320, with a year-over-year rent change of -0.9%. Per bedroom, the median rent as of July '25 in Plainfield, IL is studios: $1,760, 1-bedrooms: $1,870, 2-bedrooms: $2,220, 3-bedrooms: $2,650, 4-bedrooms: $3,380. The most common rental property sizes in Plainfield, IL are 2-bedroom and 3-bedroom, accounting for 36.2% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,320 |
| Studio Rent | $1,760 | $1,760 |
| 1 Bed Rent | $1,920 | $1,870 |
| 2 Bed Rent | $2,250 | $2,220 |
| 3 Bed Rent | $2,680 | $2,650 |
| 4 Bed Rent | $3,300 | $3,380 |
% of Rental Stock
Property Listings — Plainfield, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainfield, IL is 34. This is a increase of 12.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $380,000 | -6.0% |
Listing Count | 152 | 30.0% |
| Listings as % of Homes | 0.6% | 30.0% |
Days on Market | 34 | 12.0% |
Demographics — Plainfield, IL
As of the latest ACS Survey released in 2023, Plainfield, IL has a population of 27,900, which has increased by 5.4% over the past 5 years. Plainfield, IL is a popular place for families, as children make up 25.1% of the population. The area has a moderately educated workforce, with 42.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,900 | 5.4% |
% Under 18 | 25.1% | -2.3% |
% Seniors | 18.7% | 2.2% |
% WFH | 16.8% | 366.7% |
% w/ College Degree | 42.9% | 23.6% |
As of the latest ACS Survey released in 2023, Plainfield, IL is a predominantly white area, with 69.8% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Plainfield, IL is hispanic, making up 13.3% of the population. Foreign-born residents account for 11.7% of the population in Plainfield, IL, and this percentage has increased by 4.5% 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 | 69.8% | 1.9% |
% Black | 9.3% | 9.4% |
% Hispanic | 13.3% | -18.9% |
% Asian | 4.1% | 2.5% |
% Foreign Born | 11.7% | 4.5% |
Mortgage and Risk — Plainfield, IL
According to HUD data as of 2023, there were 219 mortgage originations in Plainfield, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Plainfield, IL. Investor activity is low, as 2.0% 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 | 219 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Plainfield, IL
As of 2024, the percent of homes in Plainfield, IL under the Section 8 program is 7.5%. 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, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 128 |
Total Units Section 8 | 128 |
% Rentals under Section 8 | 7.5% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $150 | $1,920 | $2,070 |
| 2 Bedroom | $90 | $2,250 | $2,340 |
| 3 Bedroom | $320 | $2,680 | $3,000 |
| 4 Bedroom | $220 | $3,300 | $3,520 |
Affordability — Plainfield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $379,000 |
| Median Household Income | $108,000 |