Putnam County, Illinois home prices
Typical home $189,069 · +3.8% in a year · property tax 1.57%
The typical home in Putnam County is worth $189,069, 36% less than the Illinois typical home ($295,943). Values changed +3.8% in the past year and +31.8% over five years. Homeowners here pay a median 1.57% of their home's value in property tax each year ($2,961 on the typical home), versus 1.92% statewide.
Mortgage on the typical Putnam County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $37,814 | $151,255 | $1,018 | $0 | $341 | $1,359 | $58,200 |
| 10% down | $18,907 | $170,162 | $1,145 | $71 | $341 | $1,557 | $66,700 |
| 5% down | $9,453 | $179,615 | $1,208 | $75 | $341 | $1,624 | $69,600 |
| 3.5% down (FHA) | $6,617 | $185,644 | $1,249 | $84 | $341 | $1,674 | $71,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lee County | $188,606 | +6.6% | 1.97% |
| Tazewell County | $189,622 | +6.5% | 2.11% |
| Adams County | $186,171 | +6.6% | 1.58% |
| Moultrie County | $185,755 | +7.2% | 1.8% |
| Johnson County | $184,345 | -3.5% | 1.24% |
| La Salle County | $194,863 | +5.4% | 2.11% |
| Madison County | $197,597 | +5.3% | 1.92% |
| Calhoun County | $198,789 | +7.3% | 1.39% |
| Sangamon County | $200,144 | +7.5% | 1.99% |
| Saint Clair County | $177,682 | +1.2% | 2.03% |
Frequently asked questions
What is the average home price in Putnam County, IL?
The typical home value in Putnam County is $189,069 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Putnam County?
About $58,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Putnam County?
The median effective rate is 1.57% of home value a year (Census ACS 2024 5-year estimates).