Putnam County, Florida Housing Market Prices
Putnam County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 74% below the Florida median Cheaper than 88% of counties in Florida$79,810
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Median rent 46% below the Florida median Cheaper than 77% of counties in Florida$906
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Putnam County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,810 | $311,338 | $248,835 |
| Price Trend (Annual %) | 4.8% | 11.2% | 7.5% |
| Median Gross Rent | $906 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Putnam County is about 74% lower than in Florida. Rent is about 46% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Putnam County, up about 4.8% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Putnam County rose about 36.3% between 2015 and 2024, from $664 to $906. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Putnam County.
Buying the median-priced home in Putnam County costs roughly 7.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Putnam County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Putnam County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $79,810 | $311,338 | $248,835 |
| Median Household Income | $48,004 | $74,580 | $80,455 |
| Price-to-Income Ratio | 1.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Putnam County rose about 19.7%, while median household income rose about 34.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Putnam County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.8% | 57.7% | 58.5% |
| Rental Rate | 20.9% | 27.7% | 31.2% |
| Vacancy Rate | 15.4% | 14.6% | 10.2% |
| Median Tenure (years) | 15.0 | 13.0 | 15.0 |
| Median Year Moved In | 2011 | 2013 | 2011 |
Putnam County has a homeownership rate of 63.8%, higher than the Florida average of 57.7%. Its housing vacancy rate is 15.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Putnam County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1984 | 1988 | 1978 |
| Median Number of Rooms | 5.7 | 5.2 | 5.5 |
The typical housing unit in Putnam County was built around 1984. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 15.0 years on average.
Putnam County, FL Housing Compared With Nearby Counties
Putnam County, FL is the 5th largest of the 6 counties compared here, 75,164 residents against a local median of 225,443. Where Putnam County, FL breaks from the counties next to it is median home price, sitting 72% below the local median of $280,178 at $79,810.
Median rent tells the same story from another angle: $906 against a local median of $1,551, 42% below it. The counties themselves spread $209,726 on median home price, so Putnam County, FL sits at one end of an already wide local range rather than apart from it. Putnam County, FL has the 6th highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Putnam County, FL | 75,164 | $79,810 #6/6 | $906 #5/6 | 75.4% #5/6 |
| Clay County, FL | 225,443 | $279,761 | $1,551 | 75.7% |
| St. Johns County, FL | 306,934 | $428,788 | $1,921 | 82.2% |
| Flagler County, FL | 126,528 | $313,477 | $1,721 | 83.0% |
| Marion County, FL | 400,073 | $219,062 | $1,277 | 77.5% |
| Bradford County, FL | 27,885 | $280,178 | $863 | 73.3% |
Frequently Asked Questions
Common questions about the housing market in Putnam County, Florida.
What is the median home price in Putnam County, Florida?
The median home price in Putnam County, Florida is $79,810, lower than the Florida average of $311,338.
What is the average home price in Putnam County, Florida?
The typical home price in Putnam County, Florida, reported as the median sale price, is $79,810. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Putnam County, Florida?
The median gross rent in Putnam County, Florida is $906 per month, lower than the Florida average of $1,668.
What was the median gross rent in Putnam County in 2020?
In 2020, the median gross rent in Putnam County, Florida was $741 per month.
What is the price-to-rent ratio in Putnam County, Florida?
The price-to-rent ratio in Putnam County, Florida is about 7.3, meaning it would take roughly 7.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Putnam County.
Are home prices or rent rising faster in Putnam County, Florida?
Both home prices and rent are rising in Putnam County, up about 4.8% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Putnam County, Florida?
63.8% of households in Putnam County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Putnam County, Florida?
The housing vacancy rate in Putnam County, Florida is 15.4%, higher than the Florida average of 14.6%.
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