Putnam County, Missouri Housing Market
In Putnam County, Missouri, the median home value is $119,500, with a median monthly rent of $521. This places Putnam County at #2645 nationally out of 3134 counties by median home value, and #99 within Missouri.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $861
- Establishments: 110
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,832 (avg $54,210)
- Outflow: 1,680 (avg $52,736)
- IRS Statistics of Income
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| Metric | Putnam County | Missouri Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $119,500 | $175,712 | $227,706 |
| Median Gross Rent | $521 | $782 | $968 |
| Owner Occupancy Rate | 83.0% | 73.7% | 73.3% |
| Price/Rent Ratio | 19.1 | 18.8 | 18.7 |
Market Analysis
The median home value in Putnam County is 32.0% below the Missouri state average and 47.5% below the U.S. national average. The median rent of $521/month is 33.4% below the state average.
With a price-to-rent ratio of 19.1, the buy-vs-rent decision in Putnam County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Putnam County has an owner-occupancy rate of 83.0%, compared to 73.7% in Missouri 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 |
|---|---|---|---|
| Baker County | Georgia | $119,500 | $631 |
| Estill County | Kentucky | $119,500 | $711 |
| LaSalle Parish | Louisiana | $119,500 | $657 |
| Trinity County | Texas | $119,500 | $856 |
| Wright County | Iowa | $119,600 | $790 |
Other Counties in Missouri
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ripley County | $119,600 | $654 | 79.1% |
| Iron County | $119,300 | $664 | 75.1% |
| Carroll County | $117,500 | $822 | 71.9% |
| Linn County | $123,300 | $620 | 78.5% |
| Sullivan County | $115,600 | $673 | 75.1% |
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).