The story of this market
The typical home in ZIP 46168 sells for about $337,000, or $160 per square foot.
Prices are up +1.6% from a year ago, so sellers still have some momentum. Homes take about 28 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,491 a month.
ZIP 46168 — Plainfield
The 46168 housing market remains somewhat competitive, characterized by steady price appreciation and moderate inventory levels. While demand is supported by the local logistics-driven economy, buyers are increasingly sensitive to interest rates, leading to a balanced market environment.
This ZIP is well-suited for families and logistics-sector commuters seeking suburban housing with convenient access to major employment hubs and regional infrastructure.
Median prices moved up 1.6% year over year.
Homes spend a median of 28 days on market with 2.2 months of supply — a fast-moving market.
49% of listings have cut prices · homes sell at 99.7% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.6% · poverty 8.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 46168, Hendricks County IN
The area is served by the Plainfield Community School Corporation, which generally maintains strong academic performance ratings within the region.
The region faces standard Midwestern climate risks, including potential for severe thunderstorms and occasional wind events; flood risk is localized.
Plainfield serves as a major logistics and distribution hub for the Indianapolis metro area, benefiting from proximity to the Indianapolis International Airport and major interstate corridors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Indiana) — Ad Valorem Property Assessment: Property is assessed at 100% of true tax value, determined by market-based assessment systems and annual adjustments. State (Indiana) — Standard Homestead Deduction: Removes the first $45,000 of the homestead's assessed value from taxation. State (Indiana) — Indiana Property Tax Caps (Circuit Breaker): Limits annual property tax liability to 1% of gross assessed value for principal residences, 2% for other residential property, and 3% for non-residential property.
Residents primarily commute via I-70 and US-40, providing direct access to downtown Indianapolis and the airport employment corridor.
The area features extensive park systems including Hummel Park and various trail networks, alongside significant retail and dining options along the US-40 corridor.
The rental market is characterized by steady demand driven by the local logistics workforce, with moderate vacancy pressure and rent growth tracking near national averages.
The economy is heavily anchored by the logistics, warehousing, and distribution sectors, supported by proximity to the Indianapolis International Airport.
The area is served by I-70 and US-40, facilitating heavy freight and commuter traffic toward Indianapolis.
Development is focused on expanding industrial capacity and supporting residential growth through new subdivision approvals.
The Hendricks County Assessor manages property valuations based on annual market adjustments and cyclical reassessments.
Parcels are subject to Plainfield Community School Corporation taxes and various municipal service districts.
Property insurance premiums are influenced by regional severe weather patterns, including wind and hail exposure common in Central Indiana.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large community park featuring trails, sports fields, and event spaces.
Major open-air retail and dining destination serving the Plainfield area.
Key-figure check: median price corroborated by the published ten-year series (2026) (within 12.5%).