In Greencastle, a typical home is worth $169,200 and typical rent is $908 a month. Compared with all of Putnam County, typical household income is 29% lower, the typical home value is 23% lower, and the share of households that own their home is 33 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $188,748 to $246,365.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Greencastle is in Putnam County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Putnam County. See the county
What this place has that others do not, from public data, most unusual first.
1
42% of households in Greencastle own their home, against 75% in Putnam County.
2
Nearby, in Brazil, the typical home value is $113,900: 33% less than in Greencastle ($169,200).
3
The typical household income in Greencastle is $55,565,29% less than in Putnam County as a whole ($78,378).
4
The typical home in Greencastle is worth $169,200,23% less than in Putnam County as a whole ($218,900).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Greencastle
What homes there are in Greencastle, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Greencastle
Putnam County
Indiana
United States
Kind of home: Greencastle and its comparisons
Measure
Greencastle
Putnam County
Indiana
United States
Detached house
56%
79%
73%
61%
Attached house
Unreliable estimate
2%
4%
6%
Building of 2 to 4
16%
5%
6%
8%
Apartments (5 or more)
18%
6%
13%
19%
Mobile home
Unreliable estimate
8%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Greencastle (56%), but less so than in Putnam County (79%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Greencastle
Putnam County
Indiana
United States
Year built: Greencastle and its comparisons
Measure
Greencastle
Putnam County
Indiana
United States
Before 1960
39%
28%
31%
26%
1960–1979
21%
21%
24%
24%
1980–1999
25%
32%
23%
25%
2000–2009
5%
9%
12%
14%
2010 or later
10%
10%
10%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K14%
$100K–$200K45%
$200K–$300K31%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Greencastle and its comparisons
Measure
Greencastle
Under $100K
14%
$100K–$200K
45%
$200K–$300K
31%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99958%
$1,000–$1,49930%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Greencastle and its comparisons
Measure
Greencastle
Under $500
Unreliable estimate
$500–$999
58%
$1,000–$1,499
30%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,302 a month
Putnam County: $1,408 a month
Without a mortgage
$444 a month
Putnam County: $499 a month
Owners with a mortgage
60%
Putnam County: 66%
The typical cost for an owner with a mortgage in Greencastle is $1,302 a month, less than in Putnam County ($1,408); without one, $444.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Greencastle+60%
Putnam County+70%
Indiana+54%
United States+53%
Typical rent
Greencastle+20%
Putnam County+12%
Indiana+29%
United States+33%
Typical household income
GreencastleNo clear change
Putnam County+28%
Indiana+28%
United States+29%
Change since 2015–2019: Greencastle and its comparisons
Measure
Greencastle
Putnam County
Indiana
United States
Typical home value
+60%
+70%
+54%
+53%
Typical rent
+20%
+12%
+29%
+33%
Typical household income
No clear change
+28%
+28%
+29%
The typical home value in Greencastle rose 60% since 2015–2019, less than in Putnam County (70%).
The typical rent in Greencastle rose 20% over the same time; in Putnam County, it rose 12%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Greencastle and its comparisons
Measure
Greencastle
Putnam County
Indiana
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.8%
3.4%
People per household
2.14
2.32
2.46
2.53
Drive alone
67%
76%
76%
69%
Carpool
5%
7%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
16%
6%
2%
3%
Work from home
12%
10%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Greencastle has 2.14 people, fewer than in Putnam County (2.32).
More people walk or bike to work in Greencastle: 16%, against 6% in Putnam County.
Do the math
What would you pay each month for a home in Greencastle?
A typical home is tight for the typical income
We start with a typical home in Greencastle, worth $169,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Greencastle, which is $55,565 a year. For that payment to be 28% of income, a household would need to earn about $58,088 a year.
The calculator's FHA and conventional loan limits are those of all of Putnam County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Greencastle. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,922 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,355
at 7.18% · 30 years
Loan amount
$166,135
Total interest
$239,030
Paid off in
November 2056
Includes $2,857 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,297 a month
Tight
$1,297 to $1,667 a month
Your payment · 29%
Hard
more than $1,667 a month
Compared with the typical household income in Greencastle ($55,565 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,125
Property tax
$85
Home insurance
$71
FHA mortgage insurance (MIP)
$75
You need at least $5,922 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,355; principal and interest $1,125.
The city and its county
Greencastle and Putnam County
Greencastle is in Putnam County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Greencastle
Map of Putnam County, Indiana, with Greencastle marked. Around it, the neighboring counties.
Greencastle
Putnam County
Other cities with a page
Greencastle's own numbers
Typical home value
$169,200
Typical monthly rent
$908
Typical yearly household income
$55,565
Households that own their home
42%
Effective property tax rate
0.6%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Putnam County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,056
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
1.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Putnam County.
A typical home in Greencastle is worth $169,200: 23% below the county and 22% below Indiana. With the typical household income in Greencastle ($55,565 a year), a typical home costs 3.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Greencastle3.0 years
Putnam2.8 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Putnam County
According to FHFA’s house price index, home prices in Putnam County rose 101% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Putnam County.
Yearly change in FHFA’s price index in Putnam County, 2016 to 2025
2016: +3.9% +3.9% 2016
2017: +4.4% +4.4% 2017
2018: +6.8% +6.8% 2018
2019: +5.4% +5.4% 2019
2020: +5.3% +5.3% 2020
2021: +12.7% +12.7% 2021
2022: +16.7% +16.7% 2022
2023: +6.9% +6.9% 2023
2024: +6.6% +6.6% 2024
2025: +4.1% +4.1% 2025
Change in FHFA’s price index in Putnam County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+4.1%
+4.3%
+2.9%
5 years (2020–2025)
+56%
+53%
+47%
10 years (2015–2025)
+101%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Greencastle next to Putnam County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Greencastle$169,200
Putnam$218,900
Indiana$218,200
United States$332,700
Typical monthly rent
Greencastle$908
Putnam$884
Indiana$1,062
United States$1,413
Typical yearly household income
Greencastle$55,565
Putnam$78,378
Indiana$71,957
United States$80,734
See the full table
Greencastle next to Putnam County and Indiana
Measure
Greencastle
Putnam County
Indiana
U.S.
Typical home value
$169,200 ▼23% below the county
$218,900
$218,200
$332,700
Typical monthly rent
$908 ▲3% above the county
$884
$1,062
$1,413
Typical yearly household income
$55,565 ▼29% below the county
$78,378
$71,957
$80,734
Households that own their home
42% ▼33 points below the county
75%
71%
65%
Typical yearly property tax
$1,007 ▼3% below the county
$1,042
$1,614
$3,119
Effective property tax rate
0.6% ▲0.12 points above the county
0.48%
0.74%
0.94%
Renters with high rent for their income
43% ▼7 points below the county
50%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Putnam County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Greencastle
For a typical $169,200 home in Greencastle, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Greencastle's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,355a month
Least cash to close
Down payment
$5,922
Cash to close
$10,998
Rate
7.18%
Mortgage insurance
FHA MIP · $75
Conventional, 5% down$1,324a month
Down payment
$8,460
Cash to close
$13,536
Rate
7.18%
Mortgage insurance
PMI · $80
Conventional, 20% down, no PMI$1,072a month
Down payment
$33,840
Cash to close
$38,916
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,229a month
Down payment
$25,380
Cash to close
$30,456
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Greencastle
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,355
$5,922
$166,135
7.18%
FHA MIP · $75
$10,998
580
Conventional, 5% down
$1,324
$8,460
$160,740
7.18%
PMI · $80
$13,536
620*
Conventional, 20% down, no PMI
$1,072
$33,840
$135,360
7.18%
None
$38,916
620*
ITIN, 15% down (example)
$1,229
$25,380
$143,820
8.18%
None
$30,456
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Greencastle is $908 a month: 3% above the county. In Greencastle, 43% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Putnam County, by unit size. To pay the 2-bedroom one ($1,056 a month) without spending more than 30% of your income, you would need to earn $20.31 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Putnam County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$790
$15.19
$31,600
1 bedroom
$905
$17.40
$36,200
2 bedrooms
$1,056
$20.31
$42,240
3 bedrooms
$1,462
$28.12
$58,480
4 bedrooms
$1,742
$33.50
$69,680
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Greencastle
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Greencastle is in ZIP code 46135.
For 2 bedrooms it is $1,060: $4 more than the fair market rent for Putnam County ($1,056).
Fair market rent by ZIP code and size in Greencastle, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46135
$790
$910
$1,060
$1,470
$1,750
ZIP code2 bd3 bd
46135 $1,060$1,470
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Greencastle when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Putnam County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Greencastle or Putnam County. The ones below are statewide in Indiana: they work in Greencastle the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Greencastle or Putnam County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Greencastle and all of Putnam County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Greencastle?
The typical home value in Greencastle is $169,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Putnam County it is $218,900.
How much does it cost to rent in Greencastle?
Typical rent in Greencastle is $908 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Putnam County is $1,056.
What is the FHA loan limit in Greencastle?
Greencastle uses the FHA limit for all of Putnam County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Greencastle?
The typical homeowner in Greencastle pays $1,007 a year, according to the U.S. Census Bureau. That is 0.6% of the home’s value; in Putnam County, the rate is 0.48%.
Where can I find free help to buy or rent in Greencastle?
We found no HUD-approved counseling agencies with an office in Putnam County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
