Putnam, CT

City

Rent in Putnam

Median Gross Rent

$1,147

Rent-to-Income Ratio

27.0%

Renter Share

49.3%

Median Renter Income

$44,744

Avg Household Size

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $985
2 Bedrooms: $1,164
3 Bedrooms: $1,233
4 Bedrooms: $1,709

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 26.8%
$1,000-$1,500: 55.1%
$1,500-$2,000: 13.4%
$2,000-$2,500: 1.9%
$2,500+: 0.0%
No Cash Rent: 2.8%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 28.7%
20-30% (moderate): 30.7%
30-50% (cost-burdened): 13.9%
50%+ (severely cost-burdened): 22.8%
Not Computed: 3.9%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $81,250
Renter Households: $44,744

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 64.5%
$1,000-$1,500: 28.8%
$1,500-$2,000: 3.9%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 2.8%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Putnam

Neighborhood

Northeastern Connecticut, CT

Putnam Heights / East Putnam

Northeastern Connecticut, CT

Woodstock Hill Historic District / Harrisville

Northeastern Connecticut, CT

Northeastern Connecticut, CT

Pomfret Street Historic District / Pomfret Landing

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources