Putnam, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Putnam Neighborhoods Since 2000




Putnam, CT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Putnam Housing Market Information

With 9,372 people, 3,837 houses or apartments, and a median cost of homes of $157,246, 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 47.83% 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 ( 35.08%), large apartment complexes or high rise apartments ( 9.87%), and a few row houses and other attached homes ( 6.93%).

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 ( 45.07%), 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 ( 22.53%), followed by between 1940-1969 ( 21.51%). There's also some housing in Putnam built between 2000 and later ( 10.89%).

Putnam Home Appreciation Rates

Homes have actually lost value in Putnam over the last then years, as home values have seen a decline of 26.77% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Putnam home appreciation rates at 0.33%, which equates to an annual appreciation rate of 1.33%.

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 -0.92%, 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 0.33%, which equates to an annual appreciation rate of 1.33%.

Relative to Connecticut, our data show that Putnam's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$157,246

Putnam, CT HOME PRICES

Value Range
> $1,010,000 0.6
$757,001 - $1,010,000 0.3
$505,001 - $757,000 1.0
$404,001 - $505,000 0.7
$303,001 - $404,000 4.7
$202,001 - $303,000 28.2
$101,001 - $202,000 54.3
$50,001 - $101,000 7.8
$0 - $50,000 2.3

Very Low for CT
Average for Nation

Value Relative to Nation Value Relative to State
46.938356967069 97.6331360946746

Number Of Homes And Apartments:
3,837

Putnam Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
29.35% 1.50% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,088 / per month

Homeownership Rate

Homeownership
Owners 55.64
Renters 44.36
Vacant 9.18

Housing Market Details

 

Age of Homes

AGE OF Putnam HOMES
2000 or Newer 10.9
1970 - 1999 22.5
1940 - 1969 21.5
1939 or Older 45.1

Types of Homes

TYPE OF Putnam HOMES
Single-Family 47.8
Townhomes 6.9
Small Apt. Buildings 35.1
Apt. Complexes 9.9
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Putnam HOMES
No Bedroom 2.58
1 Bedroom 11.01
2 Bedrooms 36.45
3 Bedrooms 36.43
4 Bedrooms 11.03
5 or more bedrooms 2.51