The housing market in Putnam, NY is a strong one with a median value of $257,500 – slightly lower than the US House median value of $338,100. However, over the last year Putnam’s house appreciation rate has been better than the national average at 9.95%, compared to 8.27% for the entire US. This shows that real estate is holding its value well in Putnam and can be considered a sound investment option for potential buyers or homeowners looking to move up in this area.
The median home cost in Putnam is $257,500. Home appreciation the last 10 years has been 56.3%. Home Appreciation in Putnam is up 13.4%.
Average Age of Homes
- The median age of Putnam real estate is 60 years old
The Rental Market in Putnam
- Renters make up 5.7% of the Putnam population
- 1.3% of houses and apartments in Putnam, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.