Plainfield, Illinois Housing Market Prices
Updated
Plainfield Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 143% above the Illinois median$364,824
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Median rent 64% above the Illinois median$2,084
Housing Market Overview
| Metric | Plainfield | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $364,824 | $149,936 | $248,835 |
| Price Trend (Annual %) | 9.7% | 2.5% | 7.5% |
| Median Gross Rent | $2,084 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plainfield is about 143% higher than in Illinois. Rent is about 64% higher than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Plainfield, up about 9.7% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Plainfield rose about 38.8% between 2015 and 2024, from $1,502 to $2,084. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Plainfield.
Buying the median-priced home in Plainfield costs roughly 14.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Plainfield. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Plainfield | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $364,824 | $149,936 | $248,835 |
| Median Household Income | $142,029 | $84,042 | $80,455 |
| Price-to-Income Ratio | 2.6 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plainfield rose about 50.2%, while median household income rose about 38.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Plainfield | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 86.8% | 61.9% | 58.5% |
| Rental Rate | 11.2% | 30.4% | 31.2% |
| Vacancy Rate | 2.0% | 7.7% | 10.2% |
| Median Tenure (years) | 14.0 | 16.0 | 15.0 |
| Median Year Moved In | 2012 | 2010 | 2011 |
Plainfield has a homeownership rate of 86.8%, higher than the Illinois average of 61.9%. Its housing vacancy rate is 2.0%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Plainfield | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.14 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1998 | 1969 | 1978 |
| Median Number of Rooms | 7.6 | 5.6 | 5.5 |
The typical housing unit in Plainfield was built around 1998. On average, 3.1 people live in a home with about 7.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Plainfield, Illinois.
What is the median home price in Plainfield, Illinois?
The median home price in Plainfield, Illinois is $364,824, higher than the Illinois average of $149,936.
What is the average home price in Plainfield, Illinois?
The typical home price in Plainfield, Illinois, reported as the median sale price, is $364,824. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Plainfield, Illinois?
The median gross rent in Plainfield, Illinois is $2,084 per month, higher than the Illinois average of $1,274.
What was the median gross rent in Plainfield in 2020?
In 2020, the median gross rent in Plainfield, Illinois was $1,658 per month.
What is the price-to-rent ratio in Plainfield, Illinois?
The price-to-rent ratio in Plainfield, Illinois is about 14.6, meaning it would take roughly 14.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Plainfield.
Are home prices or rent rising faster in Plainfield, Illinois?
Both home prices and rent are rising in Plainfield, up about 9.7% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plainfield, Illinois?
86.8% of households in Plainfield, Illinois own their home, higher than the Illinois average of 61.9%.
What is the vacancy rate in Plainfield, Illinois?
The housing vacancy rate in Plainfield, Illinois is 2.0%, lower than the Illinois average of 7.7%.
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