Rent, population, and median household income are important factors to consider for a 1031 exchange in Plainfield due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Plainfield, Indiana is a part of the Boone/Hendricks Submarket submarket area, and contains zip code 46168.
Plainfield Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Plainfield, IN submarket area was $1,045, which is 23.23% higher than 2014 average rent. This represents a compounded annual growth rate of 4.27%. 2019 vacancy in Plainfield, IN was 5.90%.
The total population of the city of Plainfield, IN has grown 24.45% since 2010. As of 2018, the population was 34,386. The median household income of the Plainfield was $62,828, which is 4.20% higher than the national average.
- submarket area Boone / Hendricks Submarket
- avg rent $1,045
- rent growth 23.23%
- vacancy 5.90%
- median income $62,828
- population (2018) 34,386
- population growth 24.45%
- vs. nat'l avg 4.20%
- zip code 46168
