Putnam County, Georgia Housing Market
In Putnam County, Georgia, the median home value is $249,300, with a median monthly rent of $1,002. This places Putnam County at #893 nationally out of 3134 counties by median home value, and #43 within Georgia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $936
- Establishments: 604
- BLS QCEW, 2025
Housing Supply
- Single-family: 98
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 9,060 (avg $90,123)
- Outflow: 8,329 (avg $86,435)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Putnam County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 31024 | 323.3 | +6.31% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Putnam County Compares
| Metric | Putnam County | Georgia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $249,300 | $197,932 | $227,706 |
| Median Gross Rent | $1,002 | $965 | $968 |
| Owner Occupancy Rate | 80.9% | 70.6% | 73.3% |
| Price/Rent Ratio | 20.7 | 16.6 | 18.7 |
Market Analysis
The median home value in Putnam County is 26.0% above the Georgia state average and 9.5% above the U.S. national average. The median rent of $1,002/month is 3.8% above the state average.
With a price-to-rent ratio of 20.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Putnam County has an owner-occupancy rate of 80.9%, compared to 70.6% in Georgia and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Franklin County | Indiana | $249,500 | $870 |
| Shelby County | Tennessee | $249,100 | $1,232 |
| Meeker County | Minnesota | $249,000 | $904 |
| Stone County | Missouri | $249,000 | $896 |
| Sullivan County | New York | $249,000 | $1,106 |
Other Counties in Georgia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Carroll County | $255,100 | $1,153 | 71.3% |
| Jasper County | $243,400 | $970 | 85.6% |
| Catoosa County | $240,900 | $993 | 74.2% |
| Butts County | $240,600 | $941 | 74.3% |
| Habersham County | $238,300 | $974 | 72.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).