Putnam, IL—61560
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Putnam, IL
Putnam, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $218,000 | 0.7% |
| Single Family | $218,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $230,000 | -0.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Putnam, IL
As of July '25, Rentcast reports the average rent in Putnam, IL is $2,500, with a year-over-year rent change of 100.0%. Per bedroom, the median rent as of July '25 in Putnam, IL is 3-bedrooms: $2,500. The most common rental property sizes in Putnam, IL are 2-bedroom and 1-bedroom, accounting for 85.0% and 15.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,500 | $2,500 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Putnam, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Putnam, IL is 152. This is a increase of 24.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $286,000 | -14.0% |
Listing Count | 15 | 42.0% |
| Listings as % of Homes | 0.9% | 42.0% |
Days on Market | 152 | 24.0% |
Demographics — Putnam, IL
As of the latest ACS Survey released in 2023, Putnam, IL has a population of 586, which has increased by 4.6% over the past 5 years. Putnam, IL is a less popular place for families, as children make up 4.3% of the population. The area has a highly educated workforce, with 49.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 586 | 4.6% |
% Under 18 | 4.3% | 104.8% |
% Seniors | 48.3% | 3.2% |
% WFH | 6.7% | -4.3% |
% w/ College Degree | 49.1% | 118.2% |
As of the latest ACS Survey released in 2023, Putnam, IL is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Putnam, IL is asian, making up 3.4% of the population. Foreign-born residents account for 3.1% of the population in Putnam, IL, and this percentage has decreased by 73.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.2% | -2.1% |
% Black | 0.0% | -100.0% |
% Hispanic | 0.0% | N/A |
% Asian | 3.4% | 47.8% |
% Foreign Born | 3.1% | -73.7% |
Mortgage and Risk — Putnam, IL
Putnam, IL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Rentals and Section 8 — Putnam, IL
Putnam, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $720 |
| 2 Bedroom | N/A | N/A | $900 |
| 3 Bedroom | -$1,350 | $2,500 | $1,150 |
| 4 Bedroom | N/A | N/A | $1,320 |
Affordability — Putnam, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $218,000 |
| Median Household Income | $74,600 |