Georgetown, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Georgetown, MA Real Estate Data


Georgetown Housing Market Information

With 8,584 people, 3,115 houses or apartments, and a median cost of homes of $472,132, real estate costs in Georgetown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.

Single-family detached homes are the single most common housing type in Georgetown, accounting for 78.18% of the town's housing units. Other types of housing that are prevalent in Georgetown include duplexes, homes converted to apartments or other small apartment buildings ( 8.82%), large apartment complexes or high rise apartments ( 8.14%), and a few row houses and other attached homes ( 4.86%).

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 83.31% of Georgetown's homes, and 64.75% 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 1940-1969 ( 23.24%). A lesser amount of the housing stock also hails from before 1939 ( 20.58%). There's also some housing in Georgetown built between 2000 and later ( 18.57%).

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 0.06% during the period.

NeighborhoodScout's data show that during the latest twelve months, Georgetown's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, Georgetown's appreciation rate has been 0.97%, which annualizes to a rate of 3.94%.

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

Average Home Values

 

Median Home Value:
$472,132

Georgetown, MA HOME PRICES

Value Range
> $1,133,000 0.8
$850,001 - $1,133,000 1.0
$566,001 - $850,000 25.9
$453,001 - $566,000 23.7
$340,001 - $453,000 29.2
$226,001 - $340,000 14.9
$113,001 - $226,000 1.8
$56,001 - $113,000 0.4
$0 - $56,000 1.7

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.58619477323333 26.2820512820513

Number Of Homes And Apartments:
3,115

Rent & Ownership

 

Average Market Rent:
$2,325 / per month

Homeownership Rate

Homeownership
Owners 83.31
Renters 16.69
Vacant 3.59

Housing Market Details

 

Age of Homes

AGE OF Georgetown HOMES
2000 or Newer 18.6
1970 - 1999 37.6
1940 - 1969 23.2
1939 or Older 20.6

Types of Homes

TYPE OF Georgetown HOMES
Single-Family 78.2
Townhomes 4.9
Small Apt. Buildings 8.8
Apt. Complexes 8.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Georgetown HOMES
No Bedroom 0.90
1 Bedroom 8.05
2 Bedrooms 24.61
3 Bedrooms 38.44
4 Bedrooms 26.31
5 or more bedrooms 1.70

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
37.27% 1.85% 2 4
* 10 is highest

Popular Neighborhoods in Georgetown

Zip Codes in Georgetown, MA