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 $204,199, lower than the Connecticut average of $357,181.
The average cost of rent is $1,077/mo in Putnam, primarily driven by the current value of real estate in the Putnam area. While nearly 33.51% of residents own their homes outright in Putnam, 40.16% rent.
Housing affordability isn’t just about home prices, though. The average household income in Putnam is $5,526 per month. Households that rent pay about 19.49% of their income on rent here. Putnam's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Mechanicsville, CT: higher priced homes
- Putnam Heights, CT: higher priced homes
- South Woodstock, CT: higher priced homes
- Pomfret, CT: higher priced homes
- Dayville, CT: higher priced homes
- North Grosvenordale, CT: higher priced homes
- Thompson, CT: higher priced homes
- Pomfret Center, CT: higher priced homes
- Rogers, CT: equally priced homes
- Woodstock, CT: higher priced homes
Cities with Similar Populations
- Buhl, ID: equally priced homes
- Boring, OR: higher priced homes
- Breckenridge, CO: higher priced homes
- Brentwood, MO: higher priced homes
- Brookeville, MD: higher priced homes
- Brooklyn, MI: equally priced homes
- Bryans Road, MD: higher priced homes
- Bryson City, NC: equally priced homes
- Buena Vista, VA: less expensive homes
- Bondurant, IA: higher priced homes
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