Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Putnam area can be challenging. Home prices in Putnam are now at a median cost of $104,259, lower than the Alabama average of $185,232.
The average cost of rent is $725/mo in Putnam, primarily driven by the current value of real estate in the Putnam area. While nearly 70.52% of residents own their homes outright in Putnam, 13.01% rent.
Housing affordability isn’t just about home prices, though. The average household income in Putnam is $5,524 per month. Households that rent pay about 13.13% of their income on rent here. Putnam's most expensive areas are in the eastern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Morvin, AL: less expensive homes
- Lasca, AL: equally priced homes
- Lavaca, AL: equally priced homes
- Campbell, AL: equally priced homes
- Mount Sterling, AL: equally priced homes
- Exmoor, AL: less expensive homes
- Cromwell, AL: less expensive homes
- Sweet Water, AL: less expensive homes
- Bashi, AL: higher priced homes
- Pleasant Hill, AL: less expensive homes
Cities with Similar Populations
- Witoka, MN: higher priced homes
- Bellfountain, OR: higher priced homes
- Benbow, CA: higher priced homes
- Berkley, KY: less expensive homes
- Bethlehem Village, CT: higher priced homes
- Big Bend, LA: equally priced homes
- Big Falls, MN: less expensive homes
- Big Sandy, WV: less expensive homes
- Big Springs, IN: higher priced homes
- Birds Run, OH: higher priced homes
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