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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,662, 2,437 total housing units (homes and apartments), and a median house value of $236,977, house prices in Georgetown are solidly below the national average.
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's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Georgetown during the period has been just 4.86%, which is lower than 80% of US communities.
Over the last year, Georgetown appreciation rates have trailed the rest of the nation. In the last twelve months, Georgetown's appreciation rate has been -0.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Georgetown were at 6.02%, which equates to an annual appreciation rate of 26.34%.
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 lower than 90% of the other cities and towns in Delaware.
$236,977
for Delaware
for nation
2,437
$1,992 / per month