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These days, finding an affordable place to live in the Georgetown area can be challenging. Home prices in Georgetown are now at a median cost of $123,096, lower than the New York average of $610,895.
The average cost of rent is $712/mo in Georgetown, primarily driven by the current value of real estate in the Georgetown area. In Georgetown, 19.63% of households rent, and 48.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Georgetown is $5,344 per month. Households that rent pay about 13.32% of their income on rent here. Georgetown’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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