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 $205,794, lower than the Illinois average of $242,002.
The average cost of rent is $664/mo in Putnam, primarily driven by the current value of real estate in the Putnam area. While nearly 49.14% of residents own their homes outright in Putnam, 13.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Putnam is $6,124 per month. Households that rent pay about 10.84% of their income on rent here. Putnam's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
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- Henry, IL: less expensive homes
- Milo, IL: less expensive homes
- Bureau, IL: equally priced homes
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- DePue, IL: less expensive homes
Cities with Similar Populations
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- Rocky Ford, GA: less expensive homes
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- Mayetta, NJ: higher priced homes
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- Mascoma, NH: higher priced homes
- Manzanita, OR: higher priced homes
- Mantua Center, OH: less expensive homes
- Manassas, GA: less expensive homes
- Macksville, KS: less expensive homes
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