South Plainfield, New Jersey Housing Market Prices
South 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.
-
Median home price 114% above the New Jersey median$756,250
-
Median rent 23% above the New Jersey median$2,107
Housing Market Overview
| Metric | South Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $756,250 | $352,792 | $248,835 |
| Price Trend (Annual %) | 18.3% | 4.4% | 7.5% |
| Median Gross Rent | $2,107 | $1,719 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Plainfield is about 114% higher than in New Jersey. Rent is about 23% 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 South Plainfield, up about 18.3% and 4.0% a year respectively. Home prices are changing faster.
Median rent in South Plainfield rose about 36.2% between 2015 and 2024, from $1,546 to $2,107. Over the same span, rent in New Jersey rose about 44.3%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in South Plainfield.
Buying the median-priced home in South Plainfield costs roughly 29.9 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 South Plainfield. The price-to-rent ratio in New Jersey is about 17.1.
| Metric | South Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Median Home Price | $756,250 | $352,792 | $248,835 |
| Median Household Income | $132,460 | $103,817 | $80,455 |
| Price-to-Income Ratio | 5.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in South Plainfield rose about 126.0%, while median household income rose about 41.3% 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 | South Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 84.1% | 59.1% | 58.5% |
| Rental Rate | 13.8% | 33.5% | 31.2% |
| Vacancy Rate | 2.1% | 7.5% | 10.2% |
| Median Tenure (years) | 19.0 | 16.0 | 15.0 |
| Median Year Moved In | 2007 | 2010 | 2011 |
South Plainfield has a homeownership rate of 84.1%, higher than the New Jersey average of 59.1%. Its housing vacancy rate is 2.1%, compared with 7.5% in New Jersey.
Housing Stock
| Metric | South Plainfield | New Jersey Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.90 people | 2.61 people | 2.53 people |
| Median Structure Built Year | 1969 | 1968 | 1978 |
| Median Number of Rooms | 6.5 | 5.7 | 5.5 |
The typical housing unit in South Plainfield was built around 1969. On average, 2.9 people live in a home with about 6.5 rooms, staying for about 19.0 years on average.
South Plainfield, NJ Housing Compared With Nearby Cities
How South Plainfield, NJ compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| South Plainfield, NJ | 24,492 | $756,250 #1/2 | $2,107 #1/2 | 85.9% #1/2 |
| Plainfield, NJ | 55,158 | $436,930 | $1,767 | 44.8% |
Frequently Asked Questions
Common questions about the housing market in South Plainfield, New Jersey.
What is the median home price in South Plainfield, New Jersey?
The median home price in South Plainfield, New Jersey is $756,250, higher than the New Jersey average of $352,792.
What is the average home price in South Plainfield, New Jersey?
The typical home price in South Plainfield, New Jersey, reported as the median sale price, is $756,250. 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 South Plainfield, New Jersey?
The median gross rent in South Plainfield, New Jersey is $2,107 per month, higher than the New Jersey average of $1,719.
What was the median gross rent in South Plainfield in 2020?
In 2020, the median gross rent in South Plainfield, New Jersey was $1,674 per month.
What is the price-to-rent ratio in South Plainfield, New Jersey?
The price-to-rent ratio in South Plainfield, New Jersey is about 29.9, meaning it would take roughly 29.9 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 South Plainfield.
Are home prices or rent rising faster in South Plainfield, New Jersey?
Both home prices and rent are rising in South Plainfield, up about 18.3% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in South Plainfield, New Jersey?
84.1% of households in South Plainfield, New Jersey own their home, higher than the New Jersey average of 59.1%.
What is the vacancy rate in South Plainfield, New Jersey?
The housing vacancy rate in South Plainfield, New Jersey is 2.1%, lower than the New Jersey average of 7.5%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →