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Putnam County, WV

RANK #522 / 1001 NAT  ·  #10 / 11 WV  ·  POP 57,177

1YR FORECAST: +1.3%

5YR OUTLOOK: +28%

Putnam County's housing market is projected to grow +1.3% 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.

MARKET PROFILE

Idiosyncratic Markets

Putnam County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices +2.4% YoY, population -0.1%, wages +5.5%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
8.4x

Overvalued relative to economy

Home Prices
+2.4%

Above national median

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
15x

Below national median (15x)

Housing looks overvalued at 8.4x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
57,177
-0.13% YoY
Median Household Income
$79,527
Median Home Value
$223,300
+2.38% 12mo
Median Rent
$952
Average Annual Pay
$67,891
+5.5% YoY
Employment
22,294
+5.1% YoY
Income-to-Home-Value
0.3561
More affordable than average
Migration Inflow
2.69%
of pop. from another state
Bachelor's Degree+
29.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$282,450
Days on Market
12
Very hot — homes selling fast
Months of Supply
1.3
Seller's market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
28.6%
Listings w/ Price Drops
37.0%
Building Permits (2025)
118
Single-Family Permits
88

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

Population Growth -0.1% 17 percentile
Income Growth +2.1% 34 percentile
Vacancy Rate 0.4% 93 percentile
Home Price Change +2.4% 60 percentile
Rent Growth +3.9% 67 percentile
Price/Rent 15x 50 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

Putnam County scores 47/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#522). Median household income is $79,527 and job growth is running at +5.1%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Putnam County affordable?

By national standards, Putnam County is quite affordable. Homes here have a median value of $223,300, and the income-to-home-value ratio of 0.36 is well above the U.S. average — especially with median rent at just $952/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 +5.1% — but the population is close to flat (-0.1% YoY). Home values moved +2.4% 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 2.69% 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

Jefferson County, WV 44 Marion County, WV 57 Wood County, WV 60 Berkeley County, WV 66 Kanawha County, WV 66 Monongalia County, WV 70 Chambers County, TX 47 Jefferson County, AR 47