Plainfield, IL—60586
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 $383,000, 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 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $383,000 | 2.7% |
| Single Family | $385,000 | 2.7% |
| Condos | $281,000 | 4.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $276,000 | 3.4% |
3 Bed | $358,000 | 2.6% |
4 Bed | $424,000 | 1.4% |
| 5 Bed | $459,000 | 0.9% |
% of Housing Stock
Rental Trends — Plainfield, IL
As of July '25, Rentcast reports the average rent in Plainfield, IL is $2,870, with a year-over-year rent change of 8.3%. Per bedroom, the median rent as of July '25 in Plainfield, IL is 2-bedrooms: $2,340, 3-bedrooms: $2,710, 4-bedrooms: $3,340. The most common rental property sizes in Plainfield, IL are 3-bedroom and 2-bedroom, accounting for 44.1% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,890 | $2,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,270 | $2,340 |
| 3 Bed Rent | $2,650 | $2,710 |
| 4 Bed Rent | $3,250 | $3,340 |
% 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 31. This is a decrease of -9.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $412,000 | -4.0% |
Listing Count | 140 | 2.0% |
| Listings as % of Homes | 0.8% | 2.0% |
Days on Market | 31 | -9.0% |
Demographics — Plainfield, IL
As of the latest ACS Survey released in 2023, Plainfield, IL has a population of 48,000, which has remained stable by 0.7% over the past 5 years. Plainfield, IL is a popular place for families, as children make up 27.2% of the population. The area has a moderately educated workforce, with 35.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,000 | 0.7% |
% Under 18 | 27.2% | -11.1% |
% Seniors | 8.0% | 31.1% |
% WFH | 12.6% | 223.1% |
% w/ College Degree | 35.6% | 11.6% |
As of the latest ACS Survey released in 2023, Plainfield, IL is a predominantly white area, with 61.0% of the population identifying as white. The white population has shrunk by 5.6% in the last 5 years. The second most common race or ethnicity in Plainfield, IL is hispanic, making up 21.7% of the population. Foreign-born residents account for 10.9% of the population in Plainfield, IL, and this percentage has increased by 9.0% 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 | 61.0% | -5.6% |
% Black | 11.6% | 24.7% |
% Hispanic | 21.7% | 2.4% |
% Asian | 3.6% | 16.1% |
% Foreign Born | 10.9% | 9.0% |
Mortgage and Risk — Plainfield, IL
According to HUD data as of 2023, there were 358 mortgage originations in Plainfield, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 31.0% 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. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 358 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Plainfield, IL
Plainfield, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 207 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,240 |
| 2 Bedroom | $300 | $2,270 | $2,570 |
| 3 Bedroom | $680 | $2,650 | $3,330 |
| 4 Bedroom | $600 | $3,250 | $3,850 |
Affordability — Plainfield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $383,000 |
| Median Household Income | $123,000 |