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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 7,563 people, 2,583 houses or apartments, and a median cost of homes of $220,088, Georgetown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Georgetown, accounting for 58.99% of the town's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 23.40%), row houses and other attached homes ( 10.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.43%).

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 38.08% owning and 61.92% 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 1940-1969 ( 28.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 28.76%). There's also some housing in Georgetown built before 1939 ( 7.87%).

Georgetown Home Appreciation Rates

Homes have actually lost value in Georgetown over the last then years, as home values have seen a decline of 3.89% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Georgetown home appreciation rates at 1.70%, which equates to an annual appreciation rate of 6.99%.

NeighborhoodScout's data show that during the latest twelve months, Georgetown's appreciation rate, at 5.81%, has been at or slightly above the national average. In the latest quarter, Georgetown's appreciation rate has been 1.70%, which annualizes to a rate of 6.99%.

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

Average Home Values

 

Median Home Value:
$220,088

Georgetown, DE HOME PRICES

> $1,424,000
0.0%
0.0%
$1,068,001 - $1,424,000
0.6%
0.6%
$712,001 - $1,068,000
3.6%
3.6%
$569,001 - $712,000
4.3%
4.3%
$427,001 - $569,000
12.2%
12.2%
$285,001 - $427,000
24.7%
24.7%
$143,001 - $285,000
33.3%
33.3%
$71,001 - $143,000
4.5%
4.5%
$0 - $71,000
16.8%
16.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for DE

Value Relative To Nation

Number Of Homes And Apartments:
2,583

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
DE*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
54.44% 2.09%
1
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Owners
38.1%
38.1%
Renters
61.9%
61.9%
Vacant
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
28.8%
28.8%
1970 - 1999
34.5%
34.5%
1940 - 1969
28.9%
28.9%
1939 or Older
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.0%
59.0%
Townhomes
10.6%
10.6%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
23.4%
23.4%
Mobile Homes
1.6%
1.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
22.1%
22.1%
2 Bedrooms
22.7%
22.7%
3 Bedrooms
33.2%
33.2%
4 Bedrooms
18.3%
18.3%
5 or more bedrooms
2.7%
2.7%
0.0% 100.0%
% OF HOMES