Home Values

Plainfield Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$137,500

  • -8.8% 1-year change
  • None 1-year forecast

The median home value in Plainfield is $137,500. Plainfield home values have declined -8.8% over the past year. The median list price per square foot in Plainfield is $109, which is lower than the Willimantic Metro average of $121. The median price of homes currently listed in Plainfield is $158,000 while the median price of homes that sold is $175,692. The median rent price in Plainfield is $825, which is lower than the Willimantic Metro median of $1,095.

Foreclosures will be a factor impacting home values in the next several years. In Plainfield 7.5 homes are foreclosed (per 10,000). This is greater than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Plainfield is 9.5%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Plainfield homeowners underwater on their mortgage is 38.6%.

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Relative ZHVI
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Plainfield Market Overview

Data through Nov 30, 2014
  • $137,500 ZHVI
  • No data 1-yr forecast
  • $158,000 Median listing price
  • No recent data Median sale price
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Plainfield Market Health

Data through Nov 30, 2014
  • 0.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 38.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 9.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7.5 homes Plainfield
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Canterbury $210,000
Voluntown $205,300
Brooklyn $190,100
Name Median ZHVI
Griswold $179,500
Killingly $174,300
Sterling $162,900
Name Median ZHVI
Moosup $140,800
Danielson $131,200
Jewett City $117,400

Listings & Sales

Data through Nov 30, 2014
  • $109 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
37.1%
Sold below listing
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Plainfield Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,274 Plainfield
    $1,380 Willimantic Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No data Rent list price / sq ft
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