Georgetown, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Georgetown Neighborhoods Since 2000




Georgetown, IN 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 3,210 people, 1,046 houses or apartments, and a median cost of homes of $190,997, Georgetown real estate is some of the most expensive in Indiana, although Georgetown home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Georgetown, accounting for 84.70% of the town's housing units. Other types of housing that are prevalent in Georgetown include row houses and other attached homes ( 5.77%), duplexes, homes converted to apartments or other small apartment buildings ( 4.46%), and a few large apartment complexes or high rise apartments ( 3.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Georgetown. Owner-occupied housing accounts for 83.27% of Georgetown's homes, and 74.30% have either three or four bedrooms, which is average sized relative to America.

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 ( 36.80%). A lesser amount of the housing stock also hails from before 1939 ( 10.93%). There's also some housing in Georgetown built between 1940-1969 ( 9.35%).

Georgetown Home Appreciation Rates

Appreciation rates for homes in Georgetown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.78%, which ranks in the top 40% nationwide. This equates to an annual average Georgetown house appreciation rate of 0.75%.

NeighborhoodScout's data show that during the latest twelve months, Georgetown's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Georgetown's appreciation rate has been 1.69%, which annualizes to a rate of 6.95%.

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 Indiana, our data show that Georgetown's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$190,997

Georgetown, IN HOME PRICES

Value Range
> $1,122,000 0.2
$842,001 - $1,122,000 0.0
$561,001 - $842,000 0.5
$449,001 - $561,000 2.9
$337,001 - $449,000 10.4
$224,001 - $337,000 30.6
$112,001 - $224,000 40.5
$56,001 - $112,000 12.4
$0 - $56,000 2.5

Very High for IN
High for Nation

Value Relative to Nation Value Relative to State
34.6595570139459 8.5972850678733

Number Of Homes And Apartments:
1,046

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
29.46% 1.51% 9 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,128 / per month

Homeownership Rate

Homeownership
Owners 83.27
Renters 16.73
Vacant 8.57

Housing Market Details

 

Age of Homes

AGE OF Georgetown HOMES
2000 or Newer 36.8
1970 - 1999 42.9
1940 - 1969 9.4
1939 or Older 10.9

Types of Homes

TYPE OF Georgetown HOMES
Single-Family 84.7
Townhomes 5.8
Small Apt. Buildings 4.5
Apt. Complexes 3.6
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Georgetown HOMES
No Bedroom 1.05
1 Bedroom 5.86
2 Bedrooms 16.00
3 Bedrooms 58.39
4 Bedrooms 15.91
5 or more bedrooms 2.80