The typical owner-occupied home in Georgetown is worth about $281,400, 20% below the Delaware median of $352,000 and 15% below the national median of $332,700. Owners pay a median $1,096 a year in property taxes, about 0.39% of their home's value, lower than the Delaware rate of 0.50%. The median household earns $49,719 a year, so the median home costs 5.7 times the median income (4.1 times for Delaware). 50% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Georgetown at a glance
| Georgetown | Delaware | U.S. | |
|---|---|---|---|
| Median home value | $281,400 | $352,000 | $332,700 |
| Median property tax paid per year | $1,096 | $1,768 | $3,119 |
| Property tax as a share of value | 0.39% | 0.50% | 0.94% |
| Median household income | $49,719 | $84,954 | $80,734 |
| Homes lived in by their owners | 50% | 73% | 65% |
| Owner homes with a mortgage | 55% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,564 | $1,816 | $1,963 |
| Those costs as a share of the owners' income | 25.6% | 20.0% | 21.0% |
| Median rent | $1,410 | $1,401 | $1,413 |
| Rent as a share of renters' income | 38.1% | 29.9% | 30.6% |
| Median year homes were built | 1986 | 1987 | 1980 |
| Vacant homes | 5.4% | 13.4% | 10.1% |
| Population | 7,660 | 1,021,191 | 334,922,499 |
What a typical home costs per month in Georgetown
At this week's average 30-year rate of 7.11%, buying the median Georgetown home of $281,400 with 20% down costs about $1,723 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,192, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $73,848 for the 20%-down payment. That payment is 42% of the median Georgetown household income of $49,719; at that income and 20% down, the 28% guideline points to a home of about $189,000.
The median rent here is $1,410 a month, so owning the median home costs about $313 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $56,280 |
|---|---|
| Loan amount | $225,120 |
| Principal and interest | $1,514 |
| Property taxes (0.39% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| PMI | $0 |
| Total per month | $1,723 |
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| Down payment | $9,849 |
|---|---|
| Loan amount | $276,303 |
| Principal and interest | $1,859 |
| Property taxes (0.39% a year) | $91 |
| Homeowners insurance (our estimate, 0.5% a year) | $117 |
| FHA mortgage insurance | $124 |
| Total per month | $2,192 |
Change the numbers in the calculator
Questions about home buying in Georgetown
What is the median home value in Georgetown?
About $281,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Georgetown?
Homeowners pay a median $1,096 a year, which is about 0.39% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Georgetown?
For the median home with 20% down at 7.11%, the payment is about $1,723 a month. Keeping that under 28% of gross income takes about $73,848 a year.
More about Georgetown
- Mortgage Refinance in Georgetown
- Debt Relief in Georgetown
- Home Equity Loans in Georgetown
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data