Plainfield, IL—60585
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 $545,000, with a year-over-year change of 3.4%. 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 | $545,000 | 3.4% |
| Single Family | $548,000 | 3.4% |
| Condos | $324,000 | 3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $316,000 | 1.6% |
3 Bed | $434,000 | 1.9% |
4 Bed | $570,000 | 3.4% |
| 5 Bed | $657,000 | 3.1% |
% of Housing Stock
Rental Trends — Plainfield, IL
As of July '25, Rentcast reports the average rent in Plainfield, IL is $2,640, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in Plainfield, IL is studios: $1,630, 1-bedrooms: $1,950, 2-bedrooms: $2,340, 3-bedrooms: $3,130, 4-bedrooms: $3,650. The most common rental property sizes in Plainfield, IL are 4-bedroom and 2-bedroom, accounting for 30.6% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,640 |
| Studio Rent | $1,610 | $1,630 |
| 1 Bed Rent | $1,920 | $1,950 |
| 2 Bed Rent | $2,230 | $2,340 |
| 3 Bed Rent | $3,200 | $3,130 |
| 4 Bed Rent | $3,600 | $3,650 |
% 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 37. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | -5.0% |
Listing Count | 150 | 28.0% |
| Listings as % of Homes | 1.1% | 28.0% |
Days on Market | 37 | -5.0% |
Demographics — Plainfield, IL
As of the latest ACS Survey released in 2023, Plainfield, IL has a population of 24,900, which has increased by 2.4% over the past 5 years. Plainfield, IL is a popular place for families, as children make up 29.6% of the population. The area has a highly educated workforce, with 60.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,900 | 2.4% |
% Under 18 | 29.6% | -11.1% |
% Seniors | 8.5% | 25.0% |
% WFH | 22.6% | 143.0% |
% w/ College Degree | 60.5% | 8.6% |
As of the latest ACS Survey released in 2023, Plainfield, IL is a predominantly white area, with 62.7% of the population identifying as white. The white population has shrunk by 6.8% in the last 5 years. The second most common race or ethnicity in Plainfield, IL is asian, making up 15.1% of the population. Foreign-born residents account for 16.4% of the population in Plainfield, IL, and this percentage has increased by 54.7% 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 | 62.7% | -6.8% |
% Black | 11.3% | 50.7% |
% Hispanic | 8.6% | -34.4% |
% Asian | 15.1% | 52.5% |
% Foreign Born | 16.4% | 54.7% |
Mortgage and Risk — Plainfield, IL
According to HUD data as of 2023, there were 415 mortgage originations in Plainfield, IL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Plainfield, IL. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 415 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Plainfield, IL
As of 2024, the percent of homes in Plainfield, IL under the Section 8 program is 3.4%. 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 | 30 |
Total Units Section 8 | 30 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,920 | $2,290 |
| 2 Bedroom | $390 | $2,230 | $2,620 |
| 3 Bedroom | $210 | $3,200 | $3,410 |
| 4 Bedroom | $340 | $3,600 | $3,940 |
Affordability — Plainfield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $545,000 |
| Median Household Income | $151,000 |