Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$189,069+3.8% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 9% have cut their price
Income needed to buy, per year$40,986About 0.5× the local median income ($81,998): affordable for a typical household
Days on market86 daysFaster than a year ago: sellers have the edge
The typical home in Putnam County, IL is worth $189,069, up 3.8% from a year ago. That is well above what local incomes have historically supported: fair value is about $150,599, so the area is 25.5% overvalued. It is a seller's market: homes take about 86 days to sell, listings are down 24% from a year ago, 9% of listings have had a price cut. A household needs about $40,986 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,998. In the latest IRS figures, 7 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$189,069
Change in 1 year
+3.8%
Overvalued %
+25.5%
Show 6 more
Fair home value
$150,599
Change in 5 years
+31.8%
Home value to income
2.3×
Monthly mortgage payment (20% down)
$1,025
Income needed to afford it
$40,986
Property tax rate
1.57%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$942
Market activity
Listings vs a year ago
−24.0%
Days on market
86
Listings with a price cut
8.7%
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Homes for sale
19
Pending sales per 100 listings
47
Asking price per sq ft
$170
People and jobs
Median household income
$81,998
Population change (1 year)
+0.0%
Unemployment rate
4.2%
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Population
5,619
Income adjusted for cost of living
$93,819
Net moves in (IRS)
−7
Cost of living (US = 100)
87.4
Schools, risk and environment
School rating (1 to 10)
6.6
FEMA hazard risk score (0 to 100)
9.2
Flood risk score
19.6
Show 3 more
Wildfire risk score
4.4
Walkability (1 to 20)
5.9
Road, rail and air noise
53 dB
Questions people ask
Is Putnam County, IL overvalued?
Home prices in Putnam County, IL are well above what local incomes have historically supported: fair value is about $150,599, so the area is 25.5% overvalued.
Is Putnam County, IL a buyer's or seller's market?
Putnam County, IL is a seller's market: homes take about 86 days to sell, listings are down 24% from a year ago, 9% of listings have had a price cut.
Are home prices going down in Putnam County, IL?
Home values in Putnam County, IL are up 3.8% over the last year.
How much do you need to earn to buy a home in Putnam County, IL?
A household needs about $40,986 a year to afford the typical home in Putnam County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $81,998.