Plainfield, Indiana Housing Market Prices
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 13% above the Indiana median$160,652
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Median rent 37% above the Indiana median$1,457
Housing Market Overview
| Metric | Plainfield | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,652 | $142,738 | $248,835 |
| Price Trend (Annual %) | 13.5% | 7.2% | 7.5% |
| Median Gross Rent | $1,457 | $1,062 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plainfield is about 13% higher than in Indiana. Rent is about 37% higher than the Indiana 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 13.5% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Plainfield rose about 55.0% between 2015 and 2024, from $940 to $1,457. Over the same span, rent in Indiana rose about 42.6%.
Affordability
On average, housing unit costs 1.9 yearly household incomes in Plainfield.
Buying the median-priced home in Plainfield costs roughly 9.2 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 Indiana is about 11.2.
| Metric | Plainfield | Indiana Avg | US Average |
|---|---|---|---|
| Median Home Price | $160,652 | $142,738 | $248,835 |
| Median Household Income | $85,127 | $71,967 | $80,455 |
| Price-to-Income Ratio | 1.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plainfield rose about 44.5%, while median household income rose about 44.1% between 2009 and 2025 — keeping pace with each other.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Plainfield | Indiana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.7% | 64.4% | 58.5% |
| Rental Rate | 38.2% | 26.9% | 31.2% |
| Vacancy Rate | 5.1% | 8.8% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Plainfield has a homeownership rate of 56.7%, lower than the Indiana average of 64.4%. Its housing vacancy rate is 5.1%, compared with 8.8% in Indiana.
Housing Stock
| Metric | Plainfield | Indiana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1991 | 1975 | 1978 |
| Median Number of Rooms | 5.5 | 5.9 | 5.5 |
The typical housing unit in Plainfield was built around 1991. On average, 2.5 people live in a home with about 5.5 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Plainfield, Indiana.
What is the median home price in Plainfield, Indiana?
The median home price in Plainfield, Indiana is $160,652, higher than the Indiana average of $142,738.
What is the average home price in Plainfield, Indiana?
The typical home price in Plainfield, Indiana, reported as the median sale price, is $160,652. 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, Indiana?
The median gross rent in Plainfield, Indiana is $1,457 per month, higher than the Indiana average of $1,062.
What was the median gross rent in Plainfield in 2020?
In 2020, the median gross rent in Plainfield, Indiana was $1,057 per month.
What is the price-to-rent ratio in Plainfield, Indiana?
The price-to-rent ratio in Plainfield, Indiana is about 9.2, meaning it would take roughly 9.2 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, Indiana?
Both home prices and rent are rising in Plainfield, up about 13.5% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plainfield, Indiana?
56.7% of households in Plainfield, Indiana own their home, lower than the Indiana average of 64.4%.
What is the vacancy rate in Plainfield, Indiana?
The housing vacancy rate in Plainfield, Indiana is 5.1%, lower than the Indiana average of 8.8%.
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