Putnam County, IN

Comprehensive housing, income, and cost of living data for Putnam County, Indiana. Population: 36.9K.

Median Home Price
$249.4K

Based on 7 cities

Median Household Income
$76.2K

Annual household income

Price-to-Income Ratio
3.3x

Moderately affordable

Salary Needed to Buy
$62.0K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax
$978

Average annual amount

Effective Tax Rate
0.39%

Property tax / home value

Monthly Housing Costs
Mortgage (P&I)$1,261
Property Tax$81.50
Insurance$104
Total Monthly$1,446
Historical Home Prices
2015
$123.7K
2016
$132.0K
+6.8%%
2017
$141.1K
+6.9%%
2018
$149.0K
+5.6%%
2019
$158.7K
+6.5%%
2020
$176.0K
+10.9%%
2021
$205.3K
+16.7%%
2022
$223.7K
+9.0%%
2023
$235.7K
+5.3%%
2024
$250.3K
+6.2%%
2025
$256.6K
+2.5%%
Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate
4.0%%

Near national average

Population Density
77

People per square mile

Homicide Rate
16.5

Medium (per 100K residents)

Political Lean (2020)
Competitive

R+0

Racial Demographics

White
91%
Black
3.4%
Hispanic
2.2%
Asian
1.4%
Two or More Races
1.8%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature
52°F

Annual average

Sunny Days
155

Days per year

Annual Rainfall
44.8"

Inches per year

Natural Disaster Risk
Moderate Risk

Score: 43/100

Frequently Asked Questions

What is the median home price in Putnam County, IN?

The median home price in Putnam County, Indiana is $249.4K. The price-to-income ratio is 3.3x, meaning the median home costs 3.3 times the median household income.

What salary do you need to buy a home in Putnam County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $62.0K per year to buy the median home in Putnam County, IN. Monthly housing costs break down to $1,261 for mortgage, $81.50 for property tax, and $104 for insurance.

What is the property tax rate in Putnam County?

The effective property tax rate in Putnam County is 0.39%, which comes to approximately $978 per year on the median home.

What is the median household income in Putnam County?

The median household income in Putnam County, Indiana is $76.2K per year, based on Census Bureau American Community Survey data. The unemployment rate is 4.0%%.

Is Putnam County a good place to live?

Putnam County, Indiana has a population of 36.9K. Housing affordability is strong with a price-to-income ratio of 3.3x. The climate averages 52 degrees F with 155 sunny days per year. Compare Putnam County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.