Georgetown, DE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Georgetown Neighborhoods Since 2000




Georgetown, DE Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Georgetown Housing Market Information

With 7,051 people, 1,951 houses or apartments, and a median cost of homes of $184,506, 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 66.27% of the town's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 16.45%), duplexes, homes converted to apartments or other small apartment buildings ( 8.27%), and a few row houses and other attached homes ( 6.84%).

The most prevalent building size and type in Georgetown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 42.39% owning and 57.61% renting.

There is a lot of housing in Georgetown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Georgetown built between 2000 and later ( 31.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 26.99%). There's also some housing in Georgetown built before 1939 ( 6.89%).

Georgetown Home Appreciation Rates

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 -1.97%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Georgetown's appreciation rate, at 4.41%, has been at or slightly above the national average. In the latest quarter, Georgetown's appreciation rate has been -0.31%, which annualizes to a rate of -1.24%.

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:
$184,506

Georgetown, DE HOME PRICES

Value Range
> $1,084,000 0.0
$813,001 - $1,084,000 0.3
$542,001 - $813,000 1.4
$433,001 - $542,000 3.0
$325,001 - $433,000 10.8
$217,001 - $325,000 28.6
$108,001 - $217,000 33.0
$54,001 - $108,000 7.2
$0 - $54,000 15.7

Very Low for DE
High for Nation

Value Relative to Nation Value Relative to State
36.5580686745576 86.3636363636364

Number Of Homes And Apartments:
1,951

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
65.84% 2.98% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,218 / per month

Homeownership Rate

Homeownership
Owners 42.39
Renters 57.61
Vacant 9.84

Housing Market Details

 

Age of Homes

AGE OF Georgetown HOMES
2000 or Newer 31.1
1970 - 1999 35.0
1940 - 1969 27.0
1939 or Older 6.9

Types of Homes

TYPE OF Georgetown HOMES
Single-Family 66.3
Townhomes 6.8
Small Apt. Buildings 8.3
Apt. Complexes 16.5
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Georgetown HOMES
No Bedroom 2.17
1 Bedroom 13.40
2 Bedrooms 17.88
3 Bedrooms 46.67
4 Bedrooms 15.76
5 or more bedrooms 4.11