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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 2,255 people, 1,169 houses or apartments, and a median cost of homes of $569,594, 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 California communities.
Single-family detached homes are the single most common housing type in Georgetown, accounting for 83.09% of the town's housing units. Other types of housing that are prevalent in Georgetown include mobile homes or trailers ( 15.83%).
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 83.19% of Georgetown's homes, and 64.24% 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 ( 36.46%). A lesser amount of the housing stock also hails from before 1939 ( 9.08%). There's also some housing in Georgetown built between 2000 and later ( 6.36%).
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 117.77%, which ranks in the top 30% nationwide. This equates to an annual average Georgetown house appreciation rate of 8.09%.
Appreciation rates are so strong in Georgetown that despite a nationwide downturn in the housing market, Georgetown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Georgetown appreciation rates continue to be some of the highest in America, at 27.36%, which is higher than appreciation rates in 98.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Georgetown. Georgetown appreciation rates in the latest quarter were at 33.56%, which equates to an annual appreciation rate of 218.23%.
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 California, our data show that Georgetown's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$569,594
for California
for nation
1,169
$2,599 / per month