Georgetown, SC 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 Q3 2021. 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, SC Housing Market Trends

With 8,403 people, 3,649 houses or apartments, and a median cost of homes of $241,711, 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 65.97% of the city's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 11.87%), duplexes, homes converted to apartments or other small apartment buildings ( 10.00%), and a few mobile homes or trailers ( 7.85%).

The most prevalent building size and type in Georgetown are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.41% owning and 45.59% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Georgetown's housing was primarily built during this period, from the '40s through the '60s. A full 38.04% of the city's housing hails from this era. Other housing ages represented in Georgetown include homes built between 1970-1999 ( 36.88%) and housing constructed between 2000 and later ( 12.74%). There's also some housing in Georgetown built before 1939 ( 12.34%).

Vacant housing appears to be an issue in Georgetown. Fully 18.15% of the housing stock is classified as vacant. Left unchecked, vacant Georgetown homes and apartments can be a drag on the real estate market, holding Georgetown real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

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 3.71% during the period.

Over the last year, Georgetown appreciation rates have trailed the rest of the nation. In the last twelve months, Georgetown's appreciation rate has been 11.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Georgetown were at 3.89%, which equates to an annual appreciation rate of 16.50%.

Relative to South Carolina, our data show that Georgetown's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Georgetown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Georgetown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Georgetown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$241,711

Georgetown, SC HOME PRICES

> $1,403,000
0.8%
0.8%
$1,052,001 - $1,403,000
3.2%
3.2%
$702,001 - $1,052,000
0.6%
0.6%
$561,001 - $702,000
2.6%
2.6%
$421,001 - $561,000
7.5%
7.5%
$281,001 - $421,000
14.0%
14.0%
$140,001 - $281,000
38.0%
38.0%
$70,001 - $140,000
23.1%
23.1%
$0 - $70,000
10.0%
10.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
3,649

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
101.57% 3.28%
8
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,054 / per month

Homeownership Rate

Owners
54.4%
54.4%
Renters
45.6%
45.6%
Vacant
18.1%
18.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.7%
12.7%
1970 - 1999
36.9%
36.9%
1940 - 1969
38.0%
38.0%
1939 or Older
12.3%
12.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.0%
66.0%
Townhomes
4.3%
4.3%
Small Apt. Buildings
10.0%
10.0%
Apt. Complexes
11.9%
11.9%
Mobile Homes
7.9%
7.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
8.6%
8.6%
2 Bedrooms
24.1%
24.1%
3 Bedrooms
53.7%
53.7%
4 Bedrooms
10.0%
10.0%
5 or more bedrooms
2.4%
2.4%
0.0% 100.0%
% OF HOMES

Popular Communities Near Georgetown, SC

Zip Codes in Georgetown, SC