Georgetown, DE has a median housing value of $295,100, which is significantly lower than the US median value of $338,100. However, Georgetown has seen an appreciation rate of 11.37%, over the past year; higher than the national average of 8.27%. This appreciation rate means that people in Georgetown are seeing an increased return on their investment in real estate and are likely to continue to do so into the future. The current market conditions indicate that now is a great time to invest in housing in Georgetown, DE.
The median home cost in Georgetown is $295,100. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Georgetown is up 17.3%.
Average Age of Homes
- The median age of Georgetown real estate is 32 years old
The Rental Market in Georgetown
- Renters make up 45.2% of the Georgetown population
- 1.1% of houses and apartments in Georgetown, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.