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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 $108,740, lower than the Alabama average of $228,911.
The average cost of rent is $885/mo in Putnam, primarily driven by the current value of real estate in the Putnam area. In Putnam, 14.28% of households rent, and 80.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Putnam is $3,427 per month. Households that rent pay about 25.83% of their income on rent here. Putnam’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morvin, AL: less expensive homes
- Lasca, AL: equally priced homes
- Lavaca, AL: higher priced homes
- Campbell, AL: equally priced homes
- Mount Sterling, AL: higher priced homes
- Exmoor, AL: less expensive homes
- Cromwell, AL: higher priced homes
- Sweet Water, AL: less expensive homes
- Bashi, AL: equally priced homes
- Pleasant Hill, AL: higher priced homes
Cities with Similar Populations
- Witoka, MN: higher priced homes
- Bellfountain, OR: higher priced homes
- Benbow, CA: higher priced homes
- Berkley, KY: higher priced homes
- Bethlehem Village, CT: higher priced homes
- Big Bend, LA: equally priced homes
- Big Falls, MN: higher priced homes
- Big Sandy, WV: less expensive homes
- Big Springs, IN: higher priced homes
- Birds Run, OH: higher priced homes
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