Georgetown, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Georgetown, MA 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 8,584 people, 3,115 houses or apartments, and a median cost of homes of $477,524, 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

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 2.07%, which ranks in the top 50% nationwide. This equates to an annual average Georgetown house appreciation rate of 0.21%.

NeighborhoodScout's data show that during the latest twelve months, Georgetown's appreciation rate, at 4.62%, has been at or slightly above the national average. In the latest quarter, Georgetown's appreciation rate has been 1.07%, which annualizes to a rate of 4.36%.

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:
$477,524

Georgetown, MA HOME PRICES

Value Range
> $1,146,000 1.4
$859,001 - $1,146,000 1.0
$573,001 - $859,000 25.9
$458,001 - $573,000 23.7
$344,001 - $458,000 29.2
$229,001 - $344,000 14.9
$115,001 - $229,000 1.8
$57,001 - $115,000 0.4
$0 - $57,000 1.7

High for MA
Very High for Nation

Value Relative to Nation Value Relative to State
6.52173913043478 25.9615384615385

Number Of Homes And Apartments:
3,115

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
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
38.78% 1.92% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,455 / 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

Popular Neighborhoods in Georgetown

Zip Codes in Georgetown, MA