Housing decision brief
Putnam County, MO Housing Market
Putnam County screens as a below-state purchase price, below-state rent, a higher tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
17th lowest home value out of 115 Missouri counties with data | 4th lowest rent out of 115
Median home value
$119,500
Purchase-price signal from Census ACS.
Median rent
$521/mo
Gross rent, including utilities where reported.
Monthly owner cost
$861/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
1.9x
Median home value divided by local household income.
Rent burden
29.1%
Below 30% usually screens as less pressured.
Rent vs own
$340/mo
Median rent screens below owner cost.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$119,500 median home value is 29% below Missouri county median
Lower rent
$521/mo is 32% below Missouri county median
Rent burden below pressure line
29.10% of renter income goes to rent, below the 30% burden threshold.
Low disaster-risk signal
Risk score is 91.8 out of 100, a stronger cross-check for long-term ownership costs.
What to Check
Tax rate needs attention
1.01% effective property-tax rate is 44% above Missouri county median
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Long-term owners who care about disaster-risk exposure
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Putnam County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $119,500 | $168,100 | $281,900 | 29% favorable29% below Missouri county median |
Median gross rent Lower usually helps affordability. | $521 | $767 | $1,163 | 32% favorable32% below Missouri county median |
Monthly owner cost Lower usually helps affordability. | $861 | $737 | $1,672 | 17% pressure17% above Missouri county median |
Median household income | $63,510 | $59,934 | $74,755 | 6% favorable6% above Missouri county median |
Effective property-tax rate Lower usually helps affordability. | 1.01% | 0.70% | 1.02% | 44% pressure44% above Missouri county median |
Rent burden Lower usually helps affordability. | 29.10% | 26.30% | N/A | 11% pressure29.10% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$42,670
Median income minus rent threshold.
Owner cushion
+$26,610
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Putnam County is affordable for renters, with a median gross rent of $575/month representing approximately 12.1% of median household income. The rent burden (GRAPI) stands at 36.0%.
Rent vs own
Renters in Putnam County pay $575/month on average, compared to $802/month for homeowners. This market favors renters by about 28%.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $23,000/year. For owner costs at the 28% rule, the required income is roughly $34,371/year. With a median household income of $56,875, most households can comfortably afford rent here. Notably, 36.0% of renter households in Putnam County are cost-burdened, spending more than 30% of income on housing.
Regional context
Compared to Ozark County where rent averages $626/month, Putnam County is approximately 8% less expensive.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Linn County, MO | $123,300 | $620/mo | Same-state comparison near $123,300 home value and $620/mo rent. |
| Mercer County, MO | $104,900 | $590/mo | Same-state comparison near $104,900 home value and $590/mo rent. |
| Lewis County, MO | $130,200 | $644/mo | Same-state comparison near $130,200 home value and $644/mo rent. |
| Atchison County, MO | $106,800 | $631/mo | Same-state comparison near $106,800 home value and $631/mo rent. |
| Scotland County, MO | $158,800 | $511/mo | Same-state comparison near $158,800 home value and $511/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Putnam County
Is Putnam County affordable for buying a home?
Is renting or owning cheaper in Putnam County?
How much income do you need for housing in Putnam County?
What should I double-check before moving to Putnam County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.