Plainfield, NJ—07063
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plainfield, NJ
As of Oct '25, the median home price in Plainfield, NJ is $484,000, with a year-over-year change of 4.8%. This indicates that home prices in Plainfield, NJ 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 | $484,000 | 4.8% |
| Single Family | $485,000 | 4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $479,000 | 3.9% |
4 Bed | $520,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Plainfield, NJ
As of July '25, Rentcast reports the average rent in Plainfield, NJ is $2,200, with a year-over-year rent change of -32.7%. Per bedroom, the median rent as of July '25 in Plainfield, NJ is 2-bedrooms: $1,980, 3-bedrooms: $2,620. The most common rental property sizes in Plainfield, NJ are 2-bedroom and 3-bedroom, accounting for 39.0% and 34.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,030 | $2,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,950 | $1,980 |
| 3 Bed Rent | $2,600 | $2,620 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Plainfield, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Plainfield, NJ is 27. 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $489,000 | 16.0% |
Listing Count | 25 | 22.0% |
| Listings as % of Homes | 0.5% | 22.0% |
Days on Market | 27 | -5.0% |
Demographics — Plainfield, NJ
As of the latest ACS Survey released in 2023, Plainfield, NJ has a population of 14,500, which has increased by 6.3% over the past 5 years. Plainfield, NJ is a popular place for families, as children make up 29.7% of the population. The area has a poorly educated workforce, with 21.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,500 | 6.3% |
% Under 18 | 29.7% | 15.1% |
% Seniors | 9.4% | -6.9% |
% WFH | 7.4% | 111.4% |
% w/ College Degree | 21.0% | 12.9% |
As of the latest ACS Survey released in 2023, Plainfield, NJ is a predominantly hispanic area, with 52.0% of the population identifying as hispanic. The hispanic population has grown by 28.4% in the last 5 years. The second most common race or ethnicity in Plainfield, NJ is black, making up 35.3% of the population. Foreign-born residents account for 34.9% of the population in Plainfield, NJ, and this percentage has increased by 2.6% 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 | 8.0% | -34.4% |
% Black | 35.3% | -18.1% |
% Hispanic | 52.0% | 28.4% |
% Asian | 1.4% | -36.4% |
% Foreign Born | 34.9% | 2.6% |
Mortgage and Risk — Plainfield, NJ
According to HUD data as of 2023, there were 115 mortgage originations in Plainfield, NJ, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Plainfield, NJ. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 66.0% |
% Government Loans | 34.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Plainfield, NJ
Plainfield, NJ lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 148 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,870 |
| 2 Bedroom | $330 | $1,950 | $2,280 |
| 3 Bedroom | $250 | $2,600 | $2,850 |
| 4 Bedroom | N/A | N/A | $3,210 |
Affordability — Plainfield, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $484,000 |
| Median Household Income | $89,800 |