The typical owner-occupied home in Plainfield is worth about $280,600, 29% above the Indiana median of $218,200 and 16% below the national median of $332,700. Owners pay a median $2,153 a year in property taxes, about 0.77% of their home's value, close to the Indiana rate of 0.74%. The median household earns $87,272 a year, so the median home costs 3.2 times the median income (3.0 times for Indiana). 62% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Plainfield at a glance
| Plainfield | Indiana | U.S. | |
|---|---|---|---|
| Median home value | $280,600 | $218,200 | $332,700 |
| Median property tax paid per year | $2,153 | $1,614 | $3,119 |
| Property tax as a share of value | 0.77% | 0.74% | 0.94% |
| Median household income | $87,272 | $71,957 | $80,734 |
| Homes lived in by their owners | 62% | 71% | 65% |
| Owner homes with a mortgage | 66% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,569 | $1,404 | $1,963 |
| Those costs as a share of the owners' income | 17.0% | 18.1% | 21.0% |
| Median rent | $1,499 | $1,062 | $1,413 |
| Rent as a share of renters' income | 26.1% | 29.1% | 30.6% |
| Median year homes were built | 2000 | 1976 | 1980 |
| Vacant homes | 4.1% | 8.8% | 10.1% |
| Population | 36,369 | 6,851,073 | 334,922,499 |
What a typical home costs per month in Plainfield
At this week's average 30-year rate of 7.11%, buying the median Plainfield home of $280,600 with 20% down costs about $1,807 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,274, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $77,445 for the 20%-down payment. That payment is 25% of the median Plainfield household income of $87,272; at that income and 20% down, the 28% guideline points to a home of about $316,000.
The median rent here is $1,499 a month, so owning the median home costs about $308 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,120 |
|---|---|
| Loan amount | $224,480 |
| Principal and interest | $1,510 |
| Property taxes (0.77% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| PMI | $0 |
| Total per month | $1,807 |
Change the numbers in the calculator
| Down payment | $9,821 |
|---|---|
| Loan amount | $275,518 |
| Principal and interest | $1,853 |
| Property taxes (0.77% a year) | $180 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| FHA mortgage insurance | $124 |
| Total per month | $2,274 |
Change the numbers in the calculator
Questions about home buying in Plainfield
What is the median home value in Plainfield?
About $280,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plainfield?
Homeowners pay a median $2,153 a year, which is about 0.77% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Plainfield?
For the median home with 20% down at 7.11%, the payment is about $1,807 a month. Keeping that under 28% of gross income takes about $77,445 a year.
More about Plainfield
- Mortgage Refinance in Plainfield
- Debt Relief in Plainfield
- Home Equity Loans in Plainfield
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data