Plainfield, New Jersey 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 24% above the New Jersey median$436,930
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Median rent 3% above the New Jersey median$1,767
Housing Market Overview
| Metric | Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $436,930 | $352,792 | $248,835 |
| Price Trend (Annual %) | 12.2% | 4.4% | 7.5% |
| Median Gross Rent | $1,767 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plainfield is about 24% higher than in New Jersey. Rent is about 3% higher than the New Jersey 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 12.2% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Plainfield rose about 54.9% between 2015 and 2024, from $1,140 to $1,767. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 5.1 yearly household incomes in Plainfield.
Buying the median-priced home in Plainfield costs roughly 20.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Plainfield. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $436,930 | $352,792 | $248,835 |
| Median Household Income | $85,453 | $103,817 | $80,455 |
| Price-to-Income Ratio | 5.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plainfield rose about 109.9%, while median household income rose about 52.5% 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 | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.6% | 59.1% | 58.5% |
| Rental Rate | 52.6% | 33.5% | 31.2% |
| Vacancy Rate | 4.8% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Plainfield has a homeownership rate of 42.6%, lower than the New Jersey average of 59.1%. Its housing vacancy rate is 4.8%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.41 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1952 | 1968 | 1978 |
| Median Number of Rooms | 5.2 | 5.7 | 5.5 |
The typical housing unit in Plainfield was built around 1952. On average, 3.4 people live in a home with about 5.2 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Plainfield, New Jersey.
What is the median home price in Plainfield, New Jersey?
The median home price in Plainfield, New Jersey is $436,930, higher than the New Jersey average of $352,792.
What is the average home price in Plainfield, New Jersey?
The typical home price in Plainfield, New Jersey, reported as the median sale price, is $436,930. 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, New Jersey?
The median gross rent in Plainfield, New Jersey is $1,767 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in Plainfield in 2020?
In 2020, the median gross rent in Plainfield, New Jersey was $1,260 per month.
What is the price-to-rent ratio in Plainfield, New Jersey?
The price-to-rent ratio in Plainfield, New Jersey is about 20.6, meaning it would take roughly 20.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Plainfield.
Are home prices or rent rising faster in Plainfield, New Jersey?
Both home prices and rent are rising in Plainfield, up about 12.2% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plainfield, New Jersey?
42.6% of households in Plainfield, New Jersey own their home, lower than the New Jersey average of 59.1%.
What is the vacancy rate in Plainfield, New Jersey?
The housing vacancy rate in Plainfield, New Jersey is 4.8%, lower than the New Jersey average of 7.5%.
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