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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Georgetown, DE Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Georgetown, DE Housing Market Trends

With a population of 7,662, 2,437 total housing units (homes and apartments), and a median house value of $262,735, Georgetown real estate values are some of the lowest in Delaware, although compared to real estate around the nation, Georgetown homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Georgetown, accounting for 55.00% of the town's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 28.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.46%), and a few row houses and other attached homes ( 7.51%).

People in Georgetown primarily live in small (one, two or no bedroom) single-family detached homes. Georgetown has a mixture of owner-occupied and renter-occupied housing.

Georgetown homes and real estate are some of the newest in America. 32.49% of Georgetown's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Georgetown real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 27.09%), and between 1970-1999 ( 26.89%). There's also some housing in Georgetown built before 1939 ( 13.54%).

Georgetown Home Appreciation Rates

Real estate appreciation rates in Georgetown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.91% during the period.

Appreciation rates are so strong in Georgetown that despite a nationwide downturn in the housing market, Georgetown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Georgetown appreciation rates continue to be some of the highest in America, at 9.16%, which is higher than appreciation rates in 92.21% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Georgetown. Georgetown appreciation rates in the latest quarter were at 6.79%, which equates to an annual appreciation rate of 30.04%.

Importantly, this makes Georgetown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Delaware, our data show that Georgetown's latest annual appreciation rate is higher than 50% of the other cities and towns in Delaware.

Average Home Values

Median Home Value

$262,735

Georgetown, DE Home Prices
> $1,319,000
$989,001 - $1,319,000
$659,001 - $989,000
$527,001 - $659,000
$396,001 - $527,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.0%
0.0%
1.4%
1.4%
6.4%
6.4%
9.7%
9.7%
15.2%
15.2%
20.9%
20.9%
28.3%
28.3%
1.5%
1.5%
16.6%
16.6%
0% 100.0%
% of Homes
Very Low

for Delaware

Average

for nation

Number of Homes And Apartments:

2,437

Georgetown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,886 / per month

Homeownership Rate

Owners
Renters
42.1%
42.1%
57.9%
57.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.2%
3.2%
96.8%
96.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.5%
32.5%
26.9%
26.9%
27.1%
27.1%
13.5%
13.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
55.0%
55.0%
7.5%
7.5%
8.5%
8.5%
28.7%
28.7%
0.3%
0.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.2%
1.2%
13.6%
13.6%
41.1%
41.1%
29.5%
29.5%
10.8%
10.8%
3.7%
3.7%
0% 100.0%
% of Homes