38 / 100

Putnam County, WV

District 3

RANK #611 / 996 NAT  ·  #10 / 11 WV  ·  POP 57,347

1YR FORECAST: +2.6%

5YR OUTLOOK: +21%

Putnam County's housing market is projected to grow +2.6% over the next year, below the national average.

[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] Top Employers

  1. 1
    Toyota Motor Manufacturing WV Manufacturing
    1,000+
  2. 2
    Putnam County School Board Education
  3. 3
    Nippon Thermostat of America Corp. Manufacturing
  4. 4
    Putnam County Government Government
  5. 5
    Vulcan Materials Company Other
  6. 6
    HCA Florida Putnam Hospital Healthcare
  7. 7
    St. Johns River State College Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
29.5%
of residents (national avg: 33%)

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] Crime & Safety

C
SAFETY
GRADE
Firearm Fatalities
14.1
per 100K · nat avg 14.8
Injury Deaths
118.0
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] 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.

[07] 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.

[08] Frequently Asked Questions

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

At 38/100, Putnam County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $75,725 combined with job growth of +4.1% suggests the local economy is struggling to keep pace with national trends.

Is Putnam County affordable?

By national standards, Putnam County is quite affordable. Homes here have a median value of $202,300, and the income-to-home-value ratio of 0.37 is well above the U.S. average — especially with median rent at just $1,007/month. Residents can generally buy a home without being cost-burdened.

Is Putnam County growing or shrinking?

Employers in Putnam County are hiring — job growth of +4.1% — but the population is close to flat (-0.1% YoY). Home values moved +1.7% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are people moving to Putnam County?

There's a moderate stream of newcomers. About 2.98% of residents moved from another state, which is above average and suggests Putnam County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Mercer County, WV 41 Monongalia County, WV 24 Marion County, WV 53 Wood County, WV 53 Cabell County, WV 54 Kanawha County, WV 55 Bulloch County, GA 38 Coryell County, TX 38