Rent to own Homes in Plainfield, NJ
Just outside the border of Indianapolis, Indiana, is the small suburb of Plainfield. Home to around 27,500 residents, Plainfield has seen steady growth in recent times, thanks to its proximity to the big city, a variety of housing options and plenty of commercial and retail development. It's a typical Midwest town in terms of climate, with four distinct seasons, including humid summers and chilly winters.
Plainfield, NJ is a great place for affordable rent-to-own homes! With a median household income of over $58,400 and a median rent of $1,260, the Plainfield, NJ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Plainfield, NJ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Plainfield, NJ Property Resources
Rent to own Homes in Cities Near Plainfield, NJ
- Avenel
- Bradley Gardens
- Brownville
- Clearbrook
- Clearbrook Park
- Cliffwood
- Cliffwood Beach
- Clyde
- Colonia
- Colts Neck
- Concordia
- Connecticut Farms
- Dunellen
- East Brunswick
- East Franklin
- East Rocky Hill
- Elizabeth
- Finderne
- Fords
- Garwood
- Harrison
- Hazlet
- Helmetta
- Hightstown
- Hopelawn
- Jamesburg
- Keansburg
- Kearny
- Kenilworth
- Keyport
- Kingston
- Linden
- Llewellyn Park
- Madison
- Madison Park
- Marlboro
- Menlo Park Terrace
- Monroe Manor
- Monroe Township
- North Brunswick
- Parlin
- Perth Amboy
- Rossmoor
- Rutgers University Livingston Campus
- Sayreville
- Society Hill
- Somerset
- Springfield
- Whittingham
- Yorketown
Neighborhoods in Plainfield, NJ
Van Wyck Brooks Historic District rent to own homes Putnam Watchung Historic District rent to own homes Hillside Avenue Historic District rent to own homes Cresent Avenue Historic District rent to own homes Broadway Historic District rent to own homes Netherwood Heights Historic District rent to own homes North Avenue Historic District rent to own homes Plainfield rent to own homesPopular Zip Codes in Plainfield, NJ
07061 rent to own homes 07060 rent to own homes 07062 rent to own homes 07063 rent to own homesBuying a Home in Plainfield, NJ
Plainfield, NJ is seeing rapid growth and Plainfield, NJ's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. Plainfield, NJ is part of Union county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Union is 1.87% which is above the national average, which is 0.99%.
Median Home Price in Plainfield, NJ
Median Rent in Plainfield, NJ
Top 6 Reasons to Live in Plainfield, Indiana
Sports central! Indiana loves sports, and Plainfield is no different. It is only moments away from Lucas Oil Stadium, the home of the Indianapolis Colts. The Indianapolis Motor Speedway, home to the legendary Indy 500, is also only a short drive from Plainfield. But in Indiana, high school and college basketball reigns supreme, and Plainfield High School is always packed during home games.
Reasonable housing rates! With median home values around $146,000, and the average rental in the range of $780 per month, the Plainfield market offers reasonable prices, whether you're looking to rent at Parkside Apartments, considering rent to own homes on Second Street, or buying a house on the south end of town.
Plenty of parks and recreational activities! Plainfield keeps its parks and recreational centers up to date and recently resurfaced Miracle Mover Field. The Splash Island Family Waterpark is over four acres of water-centered fun, with low admission prices for Plainfield residents. The beautiful 205-acre Hummel Park is home to the Hummel Park Performing Arts Center and the yearly Fourth of July Extravaganza!
Festivities throughout the year! The yearly Quaker Day Festival features a car show with antique cars, a talent show, a family movie night, and plenty of crafts, food and drinks. There are plenty of cultural festivals in nearby Indianapolis, including the Italian Street Festival and the 10-day long Indy Jazz Fest.
Modern homes of all types! Over 70 percent of Plainfield homes have been constructed since 1970, and buyers will find plenty of homes with modern floor plans and amenities. The Forest Creek and Hawthorne Ridge neighborhoods are two developments that have been built since the 70s.
Eat, drink, and enjoy the nightlife! The Plainfield area is exploding with local brews and food, from the latest red at Chateau Thomas Winery, to great craft brews and food at the Black Swan Brewpub or Three Pints Brewpub. Don't forget to try the traditional Indiana sandwich, the Pork Tenderloin.