Putnam, CT—06260
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Putnam, CT
As of Oct '25, the median home price in Putnam, CT is $335,000, with a year-over-year change of 6.2%. This indicates that home prices in Putnam, CT are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $335,000 | 6.2% |
| Single Family | $341,000 | 5.6% |
| Condos | $302,000 | 7.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $294,000 | 7.3% |
3 Bed | $347,000 | 5.2% |
4 Bed | $370,000 | 5.4% |
| 5 Bed | $410,000 | 6.2% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Putnam, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Putnam, CT is 50. This is a increase of 61.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 2.0% |
Listing Count | 28 | 29.0% |
| Listings as % of Homes | 0.4% | 29.0% |
Days on Market | 50 | 61.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Putnam, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $335,000 |
| Median Household Income | $67,400 |