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 8,408 people, 3,175 houses or apartments, and a median cost of homes of $784,663, 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 80.16% of the town's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 9.95%), duplexes, homes converted to apartments or other small apartment buildings ( 6.66%), and a few row houses and other attached homes ( 3.22%).
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 81.88% of Georgetown's homes, and 64.41% 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 ( 27.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.78%). There's also some housing in Georgetown built before 1939 ( 16.86%).
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 6.19% during the period.
NeighborhoodScout's data show that during the latest twelve months, Georgetown's appreciation rate, at 6.40%, has been at or slightly above the national average. In the latest quarter, Georgetown's appreciation rate has been 2.38%, which annualizes to a rate of 9.87%.
Relative to Massachusetts, our data show that Georgetown's latest annual appreciation rate is lower than 70% of the other cities and towns in Massachusetts.
$784,663
for Massachusetts
for nation
3,175
$4,599 / per month