Putnam County, New York Housing Market
In Putnam County, New York, the median home value is $471,300, with a median monthly rent of $1,775. This places Putnam County at #162 nationally out of 3134 counties by median home value, and #10 within New York.
📈 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: $1,253
- Establishments: 3,226
- BLS QCEW, 2025
Housing Supply
- Single-family: 72
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 44,335 (avg $122,117)
- Outflow: 42,927 (avg $122,390)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 8 active ZIP codes in Putnam County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 10524 | 272.9 | -1.92% | 2025 |
| 2 | 10588 | 240.6 | +7.43% | 2025 |
| 3 | 10541 | 237.5 | +5.97% | 2025 |
| 4 | 12563 | 230.6 | +3.20% | 2025 |
| 5 | 10509 | 215.1 | +2.65% | 2025 |
| 6 | 10516 | 265.8 | -0.01% | 2025 |
| 7 | 10579 | 232.9 | +1.96% | 2025 |
| 8 | 10537 | 227.7 | -0.20% | 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 | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $471,300 | $281,200 | $227,706 |
| Median Gross Rent | $1,775 | $1,168 | $968 |
| Owner Occupancy Rate | 83.8% | 69.3% | 73.3% |
| Price/Rent Ratio | 22.1 | 18.4 | 18.7 |
Market Analysis
The median home value in Putnam County is 67.6% above the New York state average and 107.0% above the U.S. national average. The median rent of $1,775/month is 52.0% above the state average.
With a price-to-rent ratio of 22.1, 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 83.8%, compared to 69.3% in New York 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 |
|---|---|---|---|
| Weld County | Colorado | $471,700 | $1,539 |
| Yamhill County | Oregon | $471,700 | $1,480 |
| Missoula County | Montana | $472,100 | $1,190 |
| Madison County | Montana | $470,100 | $1,000 |
| Clatsop County | Oregon | $468,300 | $1,180 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Bronx County | $529,500 | $1,458 | 20.1% |
| Dutchess County | $400,600 | $1,582 | 69.2% |
| Orange County | $387,900 | $1,680 | 67.8% |
| Suffolk County | $578,400 | $2,255 | 82.2% |
| Ulster County | $352,500 | $1,425 | 69.9% |
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).