Putnam County, Indiana: commercial real estate data.
Putnam County, Indiana had an estimated 37,804 residents on July 1, 2024, up 2.9 percent since the 2020 census base of 36,726, across 481 square miles. County output reached $1.46 bn in 2024, 747 establishments operate here, and the SBA record carries 45 7(a) approvals worth $29.0 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Putnam County
How many people live in Putnam County
- Population, American Community Survey 2020-202437,280
- Households14,142
- Average household size2.64
- Median household income$78,378
- Median age38.4
- Median gross rent$884 per month
- Median owner-occupied home value$218,900
- Home value to household income2.8 times
- Annual rent as a share of median income13.5 percent
- Adults 25 and over with a bachelor degree or higher20.2 percent
- Adults 25 and over with a graduate degree6.5 percent
- Adults 25 and over25,447
- Population under 187,209
- Share under 1819.3 percent
- Population 65 and over6,468
- Share 65 and over17.3 percent
- Working age population, 18 to 6423,603
- Civilian labor force17,388
- Unemployment rate3.1 percent
- Labor force participation, adults 18 and over57.8 percent
- Rank by population among Indiana counties41st of 92
- Rank by population among US county-equivalents, Puerto Rico included1277th of 3,222
Putnam County is the 41st largest of 92 Indiana counties by population. A median home costs 2.8 times median household income, which is affordable by national standards. Residents under 18 outnumber those 65 and over, at 19.3 percent against 17.3 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Putnam County
Is Putnam County's population growing?
- Population, July 1, 202437,804
- Census 2020 base population36,726
- Population change since the 2020 census base2.94 percent
- Population change, 2023 to 2024226
- Births, 2024376
- Deaths, 2024452
- Natural change, 2024-76
- Net domestic migration, 2024214
- Net international migration, 202490
- Total net migration, 2024304
- Cumulative net domestic migration, 2021 to 20241,219
- Rank by growth among US county-equivalents887th of 3,144
The county has grown 2.94 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Putnam County
Where are people moving to Putnam County from?
- Tax returns filed by households arriving1,152
- People arriving, from those returns2,130
- Tax returns filed by households leaving1,033
- Net household movement119
- Adjusted gross income arriving$66.4 m
- Net adjusted gross income movement$18.6 m
- Average income of an arriving household$57,643
- Average income of a leaving household$46,318
- Largest single originHendricks County (241 households)
- Largest single destinationHendricks County (136 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hendricks County | 241 | 475 | $17.1 m |
| Marion County | 183 | 330 | $9.8 m |
| Morgan County | 71 | 157 | $4.0 m |
| Owen County | 63 | 129 | $2.2 m |
| Clay County | 62 | 103 | $1.7 m |
| Montgomery County | 55 | 111 | $2.7 m |
| Vigo County | 40 | 65 | $1.3 m |
| Johnson County | 31 | 65 | $2.3 m |
Households arriving report $11,325 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Hendricks County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Putnam County
What is the Putnam County economy?
- County GDP, 2024$1.46 bn
- County GDP, 2023$1.42 bn
- GDP change, 2023 to 20242.5 percent
- GDP change over five years25.8 percent
- Rank by GDP among the Indiana areas BEA publishes58th of 92
- Rank by GDP among the US county areas BEA publishes1537th of 3,127
- GDP per resident$39,126
Output grew 2.5 percent in the latest year and 25.8 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Putnam County
Employment by industry in Putnam County
- Covered employment, annual average12,342
- Establishments reporting768
- Average annual pay$50,684
- Average weekly wage$975
- Manufacturing, employment2,174
- Manufacturing, average annual pay$63,925
- Transportation and warehousing, employment1,452
- Transportation and warehousing, average annual pay$51,698
- Retail trade, employment1,182
- Retail trade, average annual pay$36,295
- Health care and social assistance, employment1,182
- Health care and social assistance, average annual pay$38,457
- Accommodation and food services, employment950
- Educational services, employment869
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 2,174 | 25 | $63,925 |
| Transportation and warehousing | 1,452 | 34 | $51,698 |
| Retail trade | 1,182 | 102 | $36,295 |
| Health care and social assistance | 1,182 | 50 | $38,457 |
| Accommodation and food services | 950 | 69 | $19,335 |
| Educational services | 869 | 7 | $54,253 |
| Construction | 579 | 108 | $62,391 |
| Administrative and support and waste management services | 301 | 35 | $50,217 |
Manufacturing is the largest private sector at 2,174 jobs, 17.6 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Putnam County
How many businesses are in Putnam County?
- Establishments, all industries747
- Employment at those establishments11,696
- Annual payroll$529.8 m
- Establishments per 1,000 residents20.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Putnam County
Building permits in Putnam County
- Housing units authorized by permit, 2024166
- Declared construction value permitted$47.6 m
- Single family units authorized115
- Multifamily units authorized51
- Multifamily share of units30.7 percent
- Average declared value per unit$286,834
- Units authorized per 1,000 households11.7
Single-family homes are 69.3 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Putnam County
SBA loans in Putnam County (7(a) and 504)
- 7(a) approvals recorded45
- 7(a) gross approval dollars$29.0 m
- Average 7(a) approval$644,893
- Median 7(a) approval$211,500
- 10th percentile approval$27,800
- 90th percentile approval$1,788,700
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)441
- Jobs per approval9.8
- Distinct 7(a) lenders active21
- Distinct industries receiving approvals33
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer15.6 percent
- Loans on real estate terms7
- Loans on working capital terms, 120 months or shorter33
- Franchise loans6
- Franchise share of approvals13.3 percent
- Leading industry by approval countLimited-Service Restaurants (3)
- 504 approvals recorded5
- 504 gross approval dollars$4.3 m
- Average 504 approval$862,800
- Median 504 approval$526,000
- Distinct CDCs active3
- 504 jobs per approval15.8
- 504 jobs per million dollars approved18.3
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$33.3 m
The average approval of $644,893 sits well above the median of $211,500, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 15.6 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Putnam County
SBA loan default and charge-off rates in Putnam County
Do SBA loans in Putnam County get paid back?
- Loans with a final outcome recorded17
- Paid in full17
- Charged off0
- Status: Paid in full17
- Status: Exempt from disclosure25
- Status: Cancelled1
- Status: Committed, not yet disbursed2
Only 17 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Putnam County
SBA lending by place in Putnam County
- Borrower cities with recorded lending7
- Greencastle, approvals17
- Cloverdale, approvals11
- Fillmore, approvals9
- Coatesville, approvals3
- Bainbridge, approvals3
- Russellville, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Greencastle | 17 | $6,799,000 |
| Cloverdale | 11 | $14,905,000 |
| Fillmore | 9 | $6,608,000 |
| Coatesville | 3 | $255,000 |
| Bainbridge | 3 | $167,900 |
| Russellville | 1 | $160,300 |
| Roachdale | 1 | $125,000 |
Greencastle accounts for 17 approvals against 11 in Cloverdale. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Putnam County
How large is Putnam County?
- Land area481 sq mi
- Rank by land area among Indiana counties15th of 92
- Width, east to west19.1 mi
- Height, north to south27.4 mi
- Geographies sharing a boundary6
- Residents per square mile of land78
- Establishments per square mile1.55
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Putnam County
Flood risk in Putnam County
- Participation of the county's own NFIP community Putnam County, unincorporated areasParticipating, community 180213
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP5
- NFIP participation rate83.3 percent
- Communities carrying a CRS class0
- Radon levels in Putnam County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The county's own community in the status book, unincorporated Putnam County (community 180213), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Putnam County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 83.3 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Putnam County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Putnam County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202437,280
- Households14,142
- Average household size2.64
- Median household income$78,378
- Median age38.4
Common questions
Putnam County questions, answered from the record.
How many people live in Putnam County, Indiana?
The Census Bureau estimates 37,804 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 37,280, in 14,142 households, ranking 41st of 92 Indiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Putnam County's population growing?
The population has grown 2.94 percent since the 2020 census base of 36,726, to 37,804 on July 1, 2024. In 2024 there were 376 births against 452 deaths, with net migration of 304. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Putnam County?
$78,378. The median owner-occupied home is valued at $218,900, which is 2.8 times income, and median gross rent is $884 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Putnam County?
747 establishments, employing 11,696 people with an annual payroll of $529.8 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Putnam County?
Manufacturing is the largest private sector at 2,174 jobs, 17.6 percent of covered employment. Covered employment averages 12,342 jobs at an average annual pay of $50,684, or $975 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Putnam County?
45 7(a) approvals totaling $29.0 m since FY2020, across 21 lenders, with a median approval of $211,500, plus 5 504 approvals worth $4.3 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Putnam County?
166 housing units were authorized by permit in 2024, with a declared construction value of $47.6 m. Multifamily was 30.7 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Putnam County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Putnam County come from?
The largest single origin is Hendricks County, with 241 households. Arriving households report an average income of $57,643 against $46,318 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Putnam County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Putnam County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Putnam County
Cities and places in Putnam.
10 Census places lie wholly or partly in Putnam County. All 10 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Greencastle | city | 9,864 | 17 | Wholly in this county |
| Heritage Lake | CDP | 3,227 | None recorded | Wholly in this county |
| Cloverdale | town | 2,195 | 11 | Wholly in this county |
| Putnamville | CDP | 1,959 | None recorded | Wholly in this county |
| Roachdale | town | 971 | 1 | Wholly in this county |
| Fillmore | town | 895 | 9 | Wholly in this county |
| Van Bibber Lake | CDP | 658 | None recorded | Wholly in this county |
| Bainbridge | town | 605 | 3 | Wholly in this county |
| Russellville | town | 308 | 1 | Wholly in this county |
| Groveland | CDP | 209 | None recorded | Wholly in this county |
A further 3 of the county's 45 SBA 7(a) approvals are to borrowers in cities that match no Census place in Putnam County, the largest being Coatesville (3). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby