Putnam County, Indiana home prices
Typical home $274,190 · +4.9% in a year · property tax 0.48%
The typical home in Putnam County is worth $274,190, 7% more than the Indiana typical home ($257,165). Values changed +4.9% in the past year and +32.9% over five years. Homeowners here pay a median 0.48% of their home's value in property tax each year ($1,305 on the typical home), versus 0.74% 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 | $54,838 | $219,352 | $1,476 | $0 | $246 | $1,721 | $73,800 |
| 10% down | $27,419 | $246,771 | $1,660 | $103 | $246 | $2,009 | $86,100 |
| 5% down | $13,709 | $260,480 | $1,752 | $109 | $246 | $2,107 | $90,300 |
| 3.5% down (FHA) | $9,597 | $269,223 | $1,811 | $121 | $246 | $2,178 | $93,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.48% 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 Indiana · part of the Indianapolis metro area.
Indiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bartholomew County | $274,111 | +2.5% | 0.75% |
| Ripley County | $278,212 | +4.9% | 0.56% |
| Harrison County | $266,960 | +3.7% | 0.53% |
| Elkhart County | $266,459 | +5.5% | 0.82% |
| Dubois County | $266,447 | +5.6% | 0.66% |
| Ohio County | $282,157 | +3.4% | 0.61% |
| Marshall County | $265,595 | +7.0% | 0.66% |
| Clark County | $265,250 | +1.8% | 0.77% |
| Whitley County | $284,103 | +4.8% | 0.7% |
| Floyd County | $285,954 | +2.7% | 0.69% |
Frequently asked questions
What is the average home price in Putnam County, IN?
The typical home value in Putnam County is $274,190 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Putnam County?
About $73,800 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 0.48% of home value a year (Census ACS 2024 5-year estimates).