Putnam County, Indiana Housing Market
In Putnam County, Indiana, the median home value is $218,900, with a median monthly rent of $884. This places Putnam County at #1202 nationally out of 3134 counties by median home value, and #26 within Indiana.
📈 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: $1,013
- Establishments: 720
- BLS QCEW, 2025
Housing Supply
- Single-family: 97
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,457 (avg $67,588)
- Outflow: 13,688 (avg $67,539)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Putnam County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 46105 | 231.8 | +1.19% | 2025 |
| 2 | 46128 | 223.1 | — | 2024 |
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 | Indiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $218,900 | $191,898 | $227,706 |
| Median Gross Rent | $884 | $910 | $968 |
| Owner Occupancy Rate | 75.4% | 76.3% | 73.3% |
| Price/Rent Ratio | 20.6 | 17.5 | 18.7 |
Market Analysis
The median home value in Putnam County is 14.1% above the Indiana state average and 3.9% below the U.S. national average. The median rent of $884/month is 2.9% below the state average.
With a price-to-rent ratio of 20.6, 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 75.4%, compared to 76.3% in Indiana 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 |
|---|---|---|---|
| Taney County | Missouri | $218,800 | $926 |
| Maries County | Missouri | $219,100 | $590 |
| Custer County | Montana | $219,100 | $893 |
| Davidson County | North Carolina | $219,100 | $901 |
| Emery County | Utah | $218,700 | $739 |
Other Counties in Indiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Whitley County | $219,400 | $934 | 81.8% |
| Jasper County | $221,500 | $962 | 83.6% |
| Steuben County | $216,200 | $933 | 79.5% |
| Kosciusko County | $216,000 | $1,043 | 77.0% |
| Ripley County | $222,500 | $839 | 76.8% |
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).