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Putnam County, NY

RANK #110 / 996  ·  POP 97,942  ·  NY

PROJECTED GROWTH: +2.8%

Putnam County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Putnam County?

Putnam County, New York, offers a distinctive blend of natural beauty and suburban living, often highlighted by locals for its outdoor recreation opportunities. Situated just an hour north of Manhattan, the county provides a commute option via the Metro-North Harlem Line, with five stops within the county. Towns like Cold Spring, known for its antique shops and Hudson River views, and Carmel, the county seat, contribute to the community's feel. Clarence Fahnestock State Park, spanning over 14,000 acres, provides extensive trails for hiking, camping, and fishing, transforming into a cross-country skiing area in winter. The Putnam County Trailway, a 20-mile paved path, offers additional space for walking and biking.

Life in Putnam County often appeals to families and those seeking a balance between natural surroundings and access to urban centers. The county's public schools are highly rated, with districts like Haldane Central School District and Putnam Valley Central School District receiving high marks. Recent economic developments in the county include investments in sectors such as logistics and warehousing, with projects focusing on new facility construction and expansions. Additionally, efforts are underway to attract more film production to the region, contributing to economic growth. The county has also focused on fiscal management, including property tax reductions and a sales-tax revenue-sharing agreement with its towns and villages.

[02] Market Snapshot

Housing Ratio
9.7x

Overvalued relative to economy

GDP Growth
+3.0%

Above national median

Home Prices
+3.8%

Outpacing national median

Climate & Terrain
0.4

Moderate climate & terrain

Price/Rent
13x

Below national median (13x)

Housing looks overvalued at 9.7x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Putnam County U.S. National

The Numbers

DEMOGRAPHICS
Population
97,942
-0.02% YoY
Median Household Income
$120,970
Median Home Value
$421,800
+3.8% 12mo
Median Rent
$1,691
Average Annual Pay
$67,541
+2.3% YoY
Employment
27,122
+0.9% YoY
Income-to-Home-Value
0.2868
More affordable than average
Migration Inflow
4.03%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$515,000
Days on Market
43
Moderate pace
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
101.0%
Homes selling above asking
Sold Above List
56.4%
Listings w/ Price Drops
18.4%
Building Permits (2024)
140
Single-Family Permits
65

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,266M
TOTAL
PROJECT AMOUNT STATUS
Google Data Center Campus
Google
$1,000M Proposed
Union Energy Center (Battery Storage)
East Point Energy (Equinor)
$116M Cancelled
nVent Industrial Site Expansion
nVent
$50M Under Construction
Brewster Industrial Owner LLC Warehouse/Logistics
Brewster Industrial Owner LLC
$50M Planned
Ace Endico Expansion
Ace Endico
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +3.0% 55 percentile
Population Growth -0.0% 29 percentile
Income Growth +8.4% 46 percentile
Vacancy Rate 0.4% 97 percentile
Home Price Change +3.8% 80 percentile
Rent Growth +7.2% 91 percentile
Price/Rent 13x 52 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Putnam County, NY a good place to move to?

Putnam County has a Boom Town Index score of 89/100, ranking #110 among 996 U.S. counties. With job growth at +0.9% and a median household income of $120,970, it's an above-average county on economic indicators.

Is Putnam County affordable?

The median home value in Putnam County is $421,800 with median rent at $1,691/month. The income-to-home-value ratio is 0.2868, which is more affordable than the national average.

Is Putnam County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: +0.9%. Home values changed +3.8% in the past 12 months.

Are people moving to Putnam County?

Yes — 4.03% of Putnam County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Newton County, MO 99 Dodge County, WI 99 Cole County, MO 99 Marathon County, WI 99 Mahoning County, OH 99 Isabella County, MI 99 Portage County, WI 99 Cabell County, WV 99