Putnam County, Tennessee home prices
Typical home $312,125 · +1.2% in a year · property tax 0.48%
The typical home in Putnam County is worth $312,125, 6% less than the Tennessee typical home ($330,844). Values changed +1.2% in the past year and +24.1% over five years. Homeowners here pay a median 0.48% of their home's value in property tax each year ($1,506 on the typical home), versus 0.46% 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 | $62,425 | $249,700 | $1,680 | $0 | $282 | $1,961 | $84,100 |
| 10% down | $31,212 | $280,912 | $1,890 | $117 | $282 | $2,288 | $98,100 |
| 5% down | $15,606 | $296,519 | $1,995 | $124 | $282 | $2,400 | $102,800 |
| 3.5% down (FHA) | $10,924 | $306,472 | $2,062 | $138 | $282 | $2,481 | $106,300 |
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 Tennessee · part of the Cookeville metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Anderson County | $313,013 | +3.0% | 0.54% |
| Bradley County | $313,180 | +1.4% | 0.45% |
| Franklin County | $315,281 | +2.5% | 0.53% |
| Coffee County | $308,088 | +1.6% | 0.57% |
| Smith County | $307,229 | +4.7% | 0.47% |
| Cumberland County | $306,289 | +0.8% | 0.29% |
| Marshall County | $318,501 | +2.3% | 0.48% |
| Montgomery County | $318,644 | +0.4% | 0.61% |
| Washington County | $305,353 | +1.9% | 0.52% |
| Cannon County | $323,400 | +7.4% | 0.43% |
Frequently asked questions
What is the average home price in Putnam County, TN?
The typical home value in Putnam County is $312,125 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Putnam County?
About $84,100 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).