Real Estate Price Maphome prices by county

Putnam County, IN home prices

Putnam County, IN: the typical home is worth $272,327 as of 2026-05, up +3.4% over the past year and n/a since 2000. Listings run about $186/sq ft. Rent…

Data as of · by the Real Estate Price Map data team · methodology & sources

Putnam County is cooling and overvalued — very affordable for what people here earn.

Momentum+3.4%Cooling
Valuation+10%Elevated
Affordability9/10Very affordable
Market45 daysBalanced

Real Estate Price Map scores, derived from the data on this page · how we calculate them

1992: $83,450 → 2026: $272,327 (3.3×) pre-2000 estimated via FHFA index

Typical value$272,3272026-05
1-year+3.4%
5-year+37.6%
10-year+107.3%
Since 2000n/a
Population37k2024
Median income$73,1372023 · 3.7× income
Median rent$1,050/mo2026 · 4.6% gross yield
New homes/yr1662024
Price / sq ft$186listings
Days on market452026-06
Active listings922026-06
Price cuts30%of listings

Market read

At $272,327, homes in Putnam County sit 16% above the Indiana median ($234,016) and 16% above the US median ($233,954). That ranks #23 of 92 Indiana counties by price.

Prices are holding steady (+3.4% in the last year) — a balanced market.

Homes here move at a steady pace — a median 45 days on the market, with 30% of listings cutting their asking price.

At 3.7× local income, that's more affordable than the typical US county (~3.8×).

Prices here sit roughly in line with what local incomes and rents imply at the typical US multiple.

Renting looks cheaper — buying the typical home runs ~$1,344/mo (P&I, 20% down) vs $1,050/mo to rent.

Home value history

Zillow ZHVI, monthly from 2000 · recessions shaded. See the full 1975 history on the interactive map →

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Nearby counties

Hendricks County, IN ($344,926) · Parke County, IN ($221,607) · Clay County, IN ($183,794) · Owen County, IN ($237,770) · Morgan County, IN ($300,612) · Montgomery County, IN ($224,004)

Frequently asked questions

What is the average home price in Putnam County, IN?
The typical home in Putnam County is worth $272,327 as of 2026-05, based on the Zillow Home Value Index.
Are home prices in Putnam County rising or falling?
Prices are up +3.4% over the past year and n/a since 2000 — a balanced market.
Is Putnam County affordable?
At 3.7× the local median income of $73,137, Putnam County is more affordable than the typical US county.
What is the rental yield in Putnam County?
Median rent is $1,050/mo — a gross rental yield of 4.6% on the typical home.
How fast do homes sell in Putnam County?
Homes here take a median of 45 days to sell, with 30% of listings cutting their asking price.
Median home value by year
YearMedian home value
2009$121,319
2010$117,615
2011$115,720
2012$116,139
2013$118,717
2014$125,616
2015$127,159
2016$130,757
2017$139,707
2018$149,951
2019$159,924
2020$170,799
2021$194,068
2022$231,170
2023$235,209
2024$252,817
2025$263,498
2026$272,047