Putnam, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Putnam Neighborhoods Since 2000




Putnam, CT Real Estate Data


Putnam Housing Market Information

With 9,372 people, 3,837 houses or apartments, and a median cost of homes of $156,840, 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 27.11% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Putnam home appreciation rates at -0.53%, which equates to an annual appreciation rate of -2.11%.

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 -3.33%, 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 -0.53%, which equates to an annual appreciation rate of -2.11%.

Notably, Putnam's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Connecticut, our data show that Putnam's latest annual appreciation rate is lower than 90% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$156,840

Putnam, CT HOME PRICES

Value Range
> $1,007,000 0.5
$755,001 - $1,007,000 0.3
$503,001 - $755,000 1.0
$403,001 - $503,000 0.7
$302,001 - $403,000 4.7
$201,001 - $302,000 28.2
$101,001 - $201,000 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
46.7860072659088 98.8165680473373

Number Of Homes And Apartments:
3,837

Rent & Ownership

 

Average Market Rent:
$1,038 / 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

Putnam Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
29.07% 1.49% 6 3
* 10 is highest