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Putnam County, TN

RANK #810 / 996  ·  POP 80,157  ·  TN

PROJECTED GROWTH: -0.6%

Putnam County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Putnam County?

Putnam County, Tennessee, is often recognized for Cookeville, its largest city and the home of Tennessee Technological University. Situated in the Upper Cumberland region, roughly halfway between Nashville and Knoxville, the county offers a blend of small-town atmosphere and access to natural scenery. Commutes within the county are generally short, with residents averaging around 21 minutes to work. The area is known for its outdoor recreation, boasting numerous waterfalls, including Cummins Falls State Park, and proximity to Center Hill Lake and Dale Hollow Lake, providing opportunities for hiking, fishing, and boating.

Life in Putnam County appeals to a mix of families, remote workers, and retirees, drawn by the area's affordability and highly-rated public schools. The economy is driven by sectors such as manufacturing, retail, and healthcare, with Tennessee Technological University also serving as a significant employer. Recent economic developments show growth in new businesses, particularly in manufacturing and retail, alongside investments in infrastructure. The county's appeal is further enhanced by its lower cost of living compared to national averages, including more affordable housing and modest property taxes.

[02] Market Snapshot

Housing Ratio
4.3x

Below national median (4.7x)

GDP Growth
+2.8%

Above national median

Home Prices
+1.6%

Above national median

Climate & Terrain
0.2

Moderate climate & terrain

Price/Rent
12x

Below national median (13x)

Housing is fairly valued at 4.3x 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
80,157
+1.52% YoY
Median Household Income
$54,371
Median Home Value
$221,200
+1.55% 12mo
Median Rent
$842
Average Annual Pay
$50,328
+3.1% YoY
Employment
39,664
+0.7% YoY
Income-to-Home-Value
0.2458
Near national average
Migration Inflow
5.47%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$352,000
Days on Market
94
Slower market
Months of Supply
5.8
Buyer's market
Sale-to-List Ratio
98.1%
Near asking price
Sold Above List
12.5%
Listings w/ Price Drops
23.9%
Building Permits (2024)
700
Single-Family Permits
592

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

[05] Capital Investment

$3,120M
TOTAL
PROJECT AMOUNT STATUS
Cumberland Natural Gas Plant Conversion
Tennessee Valley Authority (TVA)
$2,100M Under Construction
Google Data Center Campus
Google
$1,000M Planned
TTI Floor Care North America Expansion
TTI Floor Care North America
$20M Under Construction

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

[06] Score Breakdown

GDP Growth +2.8% 53 percentile
Population Growth +1.5% 83 percentile
Income Growth +10.4% 85 percentile
Vacancy Rate 1.0% 53 percentile
Home Price Change +1.6% 53 percentile
Rent Growth -1.0% 5 percentile
Price/Rent 12x 67 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Putnam County has a Boom Town Index score of 19/100, ranking #810 among 996 U.S. counties. With job growth at +0.7% and a median household income of $54,371, it faces some economic headwinds compared to faster-growing counties.

Is Putnam County affordable?

The median home value in Putnam County is $221,200 with median rent at $842/month. The income-to-home-value ratio is 0.2458, which is less affordable than the national average.

Is Putnam County growing or shrinking?

Population growth: +1.5% year-over-year. Job growth: +0.7%. Home values changed +1.6% in the past 12 months.

Are people moving to Putnam County?

Yes — 5.47% of Putnam County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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