Putnam County, Ohio 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 3% above the Ohio median$142,781
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Median rent 17% below the Ohio median$854
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,781 | $139,044 | $248,835 |
| Price Trend (Annual %) | 11.2% | 6.7% | 7.5% |
| Median Gross Rent | $854 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Putnam County is about 3% higher than in Ohio. Rent is about 17% lower than the Ohio 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 11.2% and 3.1% a year respectively. Home prices are changing faster.
Median rent in Putnam County rose about 25.0% between 2015 and 2024, from $684 to $854. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Putnam County.
Buying the median-priced home in Putnam County costs roughly 13.9 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 Ohio is about 11.2.
| Metric | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $142,781 | $139,044 | $248,835 |
| Median Household Income | $84,471 | $71,509 | $80,455 |
| Price-to-Income Ratio | 1.7 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Putnam County rose about 123.0%, while median household income rose about 43.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.5% | 61.7% | 58.5% |
| Rental Rate | 12.2% | 30.1% | 31.2% |
| Vacancy Rate | 5.3% | 8.1% | 10.2% |
| Median Tenure (years) | 21.0 | 16.0 | 15.0 |
| Median Year Moved In | 2005 | 2010 | 2011 |
Putnam County has a homeownership rate of 82.5%, higher than the Ohio average of 61.7%. Its housing vacancy rate is 5.3%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1966 | 1970 | 1978 |
| Median Number of Rooms | 6.7 | 5.9 | 5.5 |
The typical housing unit in Putnam County was built around 1966. On average, 2.6 people live in a home with about 6.7 rooms, staying for about 21.0 years on average.
Putnam County, OH Housing Compared With Nearby Counties
Putnam County, OH is the 4th largest of the 5 counties compared here, 34,314 residents against a local median of 56,604. Where Putnam County, OH breaks from the counties next to it is median home price, sitting 76% above the local median of $81,245 at $142,781.
Homeownership tells the same story from another angle: 87.1% against a local median of 75.0%, 16% above it. The one measure here that carries a verdict is homeownership, and at 16% above the local median it puts Putnam County, OH at the better end of the local range. The counties themselves spread $123,006 on median home price, so Putnam County, OH sits at one end of an already wide local range rather than apart from it. Putnam County, OH has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Putnam County, OH | 34,314 | $142,781 #2/5 | $854 #3/5 | 87.1% #1/5 |
| Allen County, OH | 101,348 | $51,379 | $922 | 67.7% |
| Paulding County, OH | 18,791 | $32,500 | $812 | 80.1% |
| Hancock County, OH | 74,864 | $111,111 | $978 | 70.8% |
| Defiance County, OH | 38,343 | $155,506 | $845 | 79.3% |
Frequently Asked Questions
Common questions about the housing market in Putnam County, Ohio.
What is the median home price in Putnam County, Ohio?
The median home price in Putnam County, Ohio is $142,781, higher than the Ohio average of $139,044.
What is the average home price in Putnam County, Ohio?
The typical home price in Putnam County, Ohio, reported as the median sale price, is $142,781. 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, Ohio?
The median gross rent in Putnam County, Ohio is $854 per month, lower than the Ohio average of $1,033.
What was the median gross rent in Putnam County in 2020?
In 2020, the median gross rent in Putnam County, Ohio was $717 per month.
What is the price-to-rent ratio in Putnam County, Ohio?
The price-to-rent ratio in Putnam County, Ohio is about 13.9, meaning it would take roughly 13.9 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, Ohio?
Both home prices and rent are rising in Putnam County, up about 11.2% and 3.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Putnam County, Ohio?
82.5% of households in Putnam County, Ohio own their home, higher than the Ohio average of 61.7%.
What is the vacancy rate in Putnam County, Ohio?
The housing vacancy rate in Putnam County, Ohio is 5.3%, lower than the Ohio average of 8.1%.
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