Putnam, CT 06260 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Putnam, CT—06260

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$336,000

5.8% YoY Growth

Household Income

$67,400

12.5% YoY Growth

Days on Market

2.0% Longer YoY

Home Price Forecast

3.0%

Median Rent

$1,700

17.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,550

N/A

3-Bed Rent

$2,250

N/A

Home Price Trends — Putnam, CT

As of Dec '25, the median home price in Putnam, CT is $336,000, with a year-over-year change of 5.8%. This indicates that home prices in Putnam, CT are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$336,000	5.8%
Single Family	$342,000	5.2%
Condos	$302,000	7.1%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Putnam, CT

As of July '25, Rentcast reports the average rent in Putnam, CT is $1,910, with a year-over-year rent change of -17.0%. Per bedroom, the median rent as of July '25 in Putnam, CT is 2-bedrooms: $1,550, 3-bedrooms: $2,220, 4-bedrooms: $2,500. The most common rental property sizes in Putnam, CT are 2-bedroom and 1-bedroom, accounting for 43.2% and 25.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,700	$1,910
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,550	$1,550
3 Bed Rent	$2,250	$2,220
4 Bed Rent	$2,500	$2,500

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% of Rental Stock

Studio

2.5%

1 Bedroom

25.8%

2 Bedrooms

43.2%

3 Bedrooms

18.2%

4 Bedrooms

9.4%

5+ Bedrooms

0.8%

Property Listings — Putnam, CT

As of Dec '25, Realtor.com reports that the median days on market for a home in Putnam, CT is 38. This is a increase of 40.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$346,000	-10.0%
Listing Count	26	13.0%
Listings as % of Homes	0.4%	13.0%
Days on Market	47	2.0%

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Demographics — Putnam, CT

As of the latest ACS Survey released in 2023, Putnam, CT has a population of 9,230, which has decreased by -1.3% over the past 5 years. Putnam, CT is a moderately popular place for families, as children make up 18.2% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,230	-1.3%
% Under 18	18.2%	4.0%
% Seniors	19.1%	6.1%
% WFH	8.2%	148.5%
% w/ College Degree	20.7%	-15.5%

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As of the latest ACS Survey released in 2023, Putnam, CT is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Putnam, CT is hispanic, making up 6.9% of the population. Foreign-born residents account for 4.2% of the population in Putnam, CT, and this percentage has increased by 23.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.5%	-10.6%
% Black	2.8%	460.0%
% Hispanic	6.9%	146.4%
% Asian	1.3%	62.5%
% Foreign Born	4.2%	23.5%

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Mortgage and Risk — Putnam, CT

According to HUD data as of 2023, there were 166 mortgage originations in Putnam, CT, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Putnam, CT. Investor activity is low, as 8.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	166
% Conventional Loans	73.0%
% Government Loans	27.0%
% Investor Loans	8.0%
% Second Loans	1.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Putnam, CT

Putnam, CT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	276
Total Units Section 8	152
% Rentals under Section 8	9.3%
% Occupied Section 8	95.7%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,200
2 Bedroom	$20	$1,550	$1,570
3 Bedroom	-$330	$2,250	$1,920
4 Bedroom	-$200	$2,500	$2,300

Putnam, CT—06260

Key Metrics at a Glance

Home Price Trends — Putnam, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Putnam, CT

% of Rental Stock

Property Listings — Putnam, CT

Demographics — Putnam, CT

Race and Ethnicity

Mortgage and Risk — Putnam, CT

Mortgages

Rentals and Section 8 — Putnam, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Putnam, CT

Home Price to Income Ratio

Putnam, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Killingly, CT

Thompson, CT

Rogers

Thompson, CT

East Killingly, CT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$336,000
Median Household Income	$67,400

Putnam, CT—06260

Key Metrics at a Glance

Home Price Trends — Putnam, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Putnam, CT

% of Rental Stock

Property Listings — Putnam, CT

Demographics — Putnam, CT

Race and Ethnicity

Mortgage and Risk — Putnam, CT

Mortgages

Rentals and Section 8 — Putnam, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Putnam, CT

Home Price to Income Ratio

Putnam, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Killingly, CT

Thompson, CT

Rogers

Thompson, CT

East Killingly, CT

Frequently Asked Questions

What is the average home price in Putnam, CT 06260?

How have home prices in Putnam, CT 06260 changed over the past year?

What is the home price projection for Putnam, CT 06260?

What are the demographics of Putnam, CT 06260?

How long does it take homes to sell in Putnam, CT 06260?

What is the average rent price in Putnam, CT 06260?