Putnam County, Tennessee 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.
-
Median home price 15% below the Tennessee median$218,410
-
Median rent 24% below the Tennessee median More expensive than 70% of counties in Tennessee$908
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Putnam County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,410 | $255,786 | $248,835 |
| Price Trend (Annual %) | 4.9% | 9.9% | 7.5% |
| Median Gross Rent | $908 | $1,188 | $1,407 |
| Rent Trend (Annual %) | 4.7% | 5.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Putnam County is about 15% lower than in Tennessee. Rent is about 24% lower than the Tennessee 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 4.9% and 4.7% a year respectively. Home prices are changing faster.
Median rent in Putnam County rose about 47.4% between 2015 and 2024, from $616 to $908. Over the same span, rent in Tennessee rose about 55.6%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Putnam County.
Buying the median-priced home in Putnam County costs roughly 20.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Putnam County. The price-to-rent ratio in Tennessee is about 17.9.
| Metric | Putnam County | Tennessee Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,410 | $255,786 | $248,835 |
| Median Household Income | $58,838 | $69,901 | $80,455 |
| Price-to-Income Ratio | 3.7 | 3.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Putnam County rose about 24.1%, while median household income rose about 56.7% 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 | Tennessee Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 60.1% | 58.5% |
| Rental Rate | 35.7% | 29.7% | 31.2% |
| Vacancy Rate | 8.0% | 10.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Putnam County has a homeownership rate of 56.3%, lower than the Tennessee average of 60.1%. Its housing vacancy rate is 8.0%, compared with 10.2% in Tennessee.
Housing Stock
| Metric | Putnam County | Tennessee Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.45 people | 2.53 people |
| Median Structure Built Year | 1990 | 1986 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Putnam County was built around 1990. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Putnam County, TN Housing Compared With Nearby Counties
How Putnam County, TN compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Putnam County, TN | 82,558 | $218,410 #1/2 | $908 #1/2 | 61.2% #2/2 |
| Overton County, TN | 23,065 | $136,818 | $832 | 76.9% |
Frequently Asked Questions
Common questions about the housing market in Putnam County, Tennessee.
What is the median home price in Putnam County, Tennessee?
The median home price in Putnam County, Tennessee is $218,410, lower than the Tennessee average of $255,786.
What is the average home price in Putnam County, Tennessee?
The typical home price in Putnam County, Tennessee, reported as the median sale price, is $218,410. 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, Tennessee?
The median gross rent in Putnam County, Tennessee is $908 per month, lower than the Tennessee average of $1,188.
What was the median gross rent in Putnam County in 2020?
In 2020, the median gross rent in Putnam County, Tennessee was $734 per month.
What is the price-to-rent ratio in Putnam County, Tennessee?
The price-to-rent ratio in Putnam County, Tennessee is about 20.0, meaning it would take roughly 20.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Putnam County.
Are home prices or rent rising faster in Putnam County, Tennessee?
Both home prices and rent are rising in Putnam County, up about 4.9% and 4.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Putnam County, Tennessee?
56.3% of households in Putnam County, Tennessee own their home, lower than the Tennessee average of 60.1%.
What is the vacancy rate in Putnam County, Tennessee?
The housing vacancy rate in Putnam County, Tennessee is 8.0%, lower than the Tennessee average of 10.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →