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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 $222,771, lower than the Illinois average of $300,242.
The average cost of rent is $861/mo in Putnam, primarily driven by the current value of real estate in the Putnam area. In Putnam, 0.72% of households rent, and 60.03% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Putnam is $6,205 per month. Households that rent pay about 13.87% of their income on rent here. Putnam’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Whitefield, IL: equally priced homes
- Hennepin, IL: less expensive homes
- Bureau Junction, IL: less expensive homes
- Tiskilwa, IL: less expensive homes
- Saratoga Center, IL: less expensive homes
- Henry, IL: less expensive homes
- Milo, IL: higher priced homes
- Bureau, IL: higher priced homes
- Mark, IL: less expensive homes
- DePue, IL: less expensive homes
Cities with Similar Populations
- Lucerne, IN: less expensive homes
- Rocky Ford, GA: less expensive homes
- McElhattan, PA: equally priced homes
- Mayetta, NJ: higher priced homes
- Massena, IA: less expensive homes
- Mascoma, NH: higher priced homes
- Manzanita, OR: higher priced homes
- Mantua Center, OH: higher priced homes
- Manassas, GA: less expensive homes
- Macksville, KS: less expensive homes
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