83 / 100

Putnam County, WV

RANK #173 / 996  ·  POP 57,347  ·  WV

PROJECTED GROWTH: +2.3%

Putnam County is one of America's fastest-growing metros, with explosive job creation driving its boom.

[01] Why Putnam County?

Hurricane, the largest incorporated city, is a notable town in Putnam County, West Virginia, known for its parks and recreational opportunities like Valley Park and the Waves of Fun water park. Located in western West Virginia, Putnam County sits between the metropolitan areas of Charleston and Huntington. Interstate 64 runs through the southern part of the county, and a recently upgraded section of US Route 35 connects to I-64, contributing to an average commute time of 28 minutes. The county features river valleys and rolling hills, with outdoor recreation options including walking trails, fishing ponds, and wildlife management areas.

Life in Putnam County often involves families and young professionals, with many residents owning their homes. The public school system is highly rated, with several schools recognized as top performers in the state. While public transportation options are limited, specialized services exist for seniors. The economy is seeing new activity, with recent investments in technology infrastructure, including a major data center project. Additionally, there has been investment in housing development to meet growing demand.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+7.0%

Well above national median

Home Prices
+1.7%

Above national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
17x

Above national median (13x)

Housing looks undervalued at 3.7x — home prices are low 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
57,347
-0.07% YoY
Median Household Income
$75,725
Median Home Value
$202,300
+1.68% 12mo
Median Rent
$1,007
Average Annual Pay
$64,360
+5.4% YoY
Employment
21,217
+4.1% YoY
Income-to-Home-Value
0.3743
More affordable than average
Migration Inflow
2.98%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$311,250
Days on Market
55
Moderate pace
Months of Supply
2.0
Seller's market
Sale-to-List Ratio
94.9%
Negotiation room for buyers
Sold Above List
4.2%
Listings w/ Price Drops
35.4%
Building Permits (2024)
402
Single-Family Permits
96

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

[05] Capital Investment

$1,050M
TOTAL
PROJECT AMOUNT STATUS
Data Center Campus
Google
$1,000M Planned
Woodworth Farms Residential Development (400+ units)
Ward Communities (developed by Stonewall Capital)
$50M Under Construction

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

[06] Score Breakdown

GDP Growth +7.0% 94 percentile
Population Growth -0.1% 26 percentile
Income Growth +10.2% 82 percentile
Vacancy Rate 0.9% 67 percentile
Home Price Change +1.7% 55 percentile
Price/Rent 17x 21 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Putnam County has a Boom Town Index score of 83/100, ranking #173 among 996 U.S. counties. With job growth at +4.1% and a median household income of $75,725, it's an above-average county on economic indicators.

Is Putnam County affordable?

The median home value in Putnam County is $202,300 with median rent at $1,007/month. The income-to-home-value ratio is 0.3743, which is more affordable than the national average.

Is Putnam County growing or shrinking?

Population growth: -0.1% year-over-year. Job growth: +4.1%. Home values changed +1.7% in the past 12 months.

Are people moving to Putnam County?

Yes — 2.98% 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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