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Putnam, CT

Full City Profile · Connecticut · Northeastern Connecticut Planning Region County

3.0 /5.0
B Good
7,120 Population 1,826/sq mi density
$63,209 Median Income $34,304 per capita
$236,000 Home Value $336,876 Zillow
$1,124 Median Rent 27.4% income on rent
48°F Avg Temperature 271 sunny days/yr
192 Violent Crime/100K 768 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$63,209 median income, 3.5% unemployment
A+
Affordability
4.6 / 5.0
$236,000 home value, $1,124/mo rent
F
Safety
1.0 / 5.0
192 violent crimes/100K
C
Education
2.4 / 5.0
17.8% bachelor's degree or higher

Housing Overview

Median Home Value
$236,000
16% below
US avg: $281,900
Median Rent
$1,124/mo
3% below
US avg: $1,163/mo
Homeownership Rate
50.0%
24% below US avg (65.4%)
Total Housing Units
3,342
Median year built: 1952

Home Value by Source

Census Median
$236,000
Zillow (ZHVI)
$336,876
Median Sale Price
$380,000
Median List Price
$332,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

50.0%
Owner-Occupied
50.0%
Renter-Occupied
50%
50%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,351/mo
1 Bedroom
$1,590/mo
2 Bedroom
$1,955/mo
3 Bedroom
$2,415/mo
4 Bedroom
$2,824/mo
Census median rent: $1,124/mo

Market Indicators (Redfin)

Median Days on Market
22 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
18.8%
of listings with price reduction
Price Per Sq Ft
$234
Active Inventory
16
homes for sale

Affordability & Housing Stock

Rent Burden
27.4%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1952
Average age of housing stock: 74 years
Homeownership Rate
50.0%

Complete Housing Data

Home Values

Census Median Value$236,000
Zillow Home Value (ZHVI)$336,876
Median Sale Price$380,000
Median List Price$332,450
Price Per Sq Ft$234

Rent

Census Median Rent$1,124
FMR Studio$1,351
FMR 1-Bedroom$1,590
FMR 2-Bedroom$1,955
FMR 3-Bedroom$2,415
FMR 4-Bedroom$2,824

Market

Days on Market22
Sale-to-List Ratio1.0%
Price Drops18.8%
Homes Sold10
Active Inventory16
Price Per Sq Ft$234

Ownership & Stock

Owner-Occupied50.0%
Renter-Occupied50.0%
Homeownership Rate50.0%
Total Housing Units3,342
Median Year Built1952
Rent Burden27.4%