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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, KY 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 Q2 2024. 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, KY Housing Market Trends

With 38,780 people, 14,388 houses or apartments, and a median cost of homes 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%).

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 5.84% 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.

Average Home Values

Median Home Value

$261,695

Georgetown, KY Home Prices
> $1,319,000
$989,001 - $1,319,000
$660,001 - $989,000
$528,001 - $660,000
$396,001 - $528,000
$264,001 - $396,000
$132,001 - $264,000
$66,001 - $132,000
$0 - $66,000
0.5%
0.5%
0.5%
0.5%
5.2%
5.2%
4.7%
4.7%
13.2%
13.2%
33.0%
33.0%
35.5%
35.5%
4.0%
4.0%
3.4%
3.4%
0% 100.0%
% of Homes
High

for Kentucky

Average

for nation

Number of Homes And Apartments:

14,388

Georgetown Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,980 / per month

Homeownership Rate

Owners
Renters
63.5%
63.5%
36.5%
36.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.2%
5.2%
94.8%
94.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
49.7%
49.7%
36.9%
36.9%
8.4%
8.4%
5.0%
5.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.6%
72.6%
3.0%
3.0%
6.9%
6.9%
16.8%
16.8%
0.7%
0.7%
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
1.0%
1.0%
5.4%
5.4%
20.0%
20.0%
54.7%
54.7%
15.8%
15.8%
3.2%
3.2%
0% 100.0%
% of Homes