Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 9,302, 4,010 total housing units (homes and apartments), and a median house value of $301,023, Putnam real estate values are some of the lowest in Connecticut, although compared to real estate around the nation, Putnam homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Putnam, accounting for 48.29% of the town's housing units. Other types of housing that are prevalent in Putnam include duplexes, homes converted to apartments or other small apartment buildings ( 35.23%), large apartment complexes or high rise apartments ( 11.47%), and a few row houses and other attached homes ( 4.06%).
People in Putnam primarily live in small (one, two or no bedroom) single-family detached homes. Putnam has a mixture of owner-occupied and renter-occupied housing.
The housing in Putnam was primarily built before 1939 ( 41.31%), making the housing stock in Putnam some of the oldest overall in America, although there is a range of ages of homes in Putnam. The next most important housing age is between 1970-1999 ( 28.12%), followed by between 1940-1969 ( 21.28%). There's also some housing in Putnam built between 2000 and later ( 9.29%).
Real estate appreciation rates in Putnam's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.
Over the last year, Putnam appreciation rates have trailed the rest of the nation. In the last twelve months, Putnam's appreciation rate has been 4.62%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Putnam were at -0.75%, which equates to an annual appreciation rate of -2.95%.
Notably, Putnam's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Connecticut, our data show that Putnam's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.
$301,023
for Connecticut
for nation
4,010
$1,989 / per month