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 38,780, 14,388 total housing units (homes and apartments), and a median house value of $261,695, Georgetown real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Georgetown, accounting for 72.56% of the city's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 16.84%), duplexes, homes converted to apartments or other small apartment buildings ( 6.91%), and a few row houses and other attached homes ( 2.98%).
The most prevalent building size and type in Georgetown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.47% owning and 36.53% renting.
Georgetown homes and real estate are some of the newest in America. 49.73% of Georgetown's housing was built since 2000, making the city 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 1970-1999 ( 36.89%), and between 1940-1969 ( 8.39%). There's also some housing in Georgetown built before 1939 ( 4.98%).
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 5.84% during the period.
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 3.18%, 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 1.86%, which equates to an annual appreciation rate of 7.64%.
Relative to Kentucky, our data show that Georgetown's latest annual appreciation rate is lower than 90% of the other cities and towns in Kentucky.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Georgetown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Georgetown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Georgetown real estate investment or home purchase decisions.
$261,695
for Kentucky
for nation
14,388
$1,980 / per month