The typical owner-occupied home in Georgetown is worth about $274,900, 9% below the Georgia median of $303,300 and 17% below the national median of $332,700. Owners pay a median $1,970 a year in property taxes, about 0.72% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $74,256 a year, so the median home costs 3.7 times the median income (3.9 times for Georgia). 55% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Georgetown at a glance
| Georgetown | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $274,900 | $303,300 | $332,700 |
| Median property tax paid per year | $1,970 | $2,341 | $3,119 |
| Property tax as a share of value | 0.72% | 0.77% | 0.94% |
| Median household income | $74,256 | $77,353 | $80,734 |
| Homes lived in by their owners | 55% | 66% | 65% |
| Owner homes with a mortgage | 72% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,699 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 20.0% | 21.0% |
| Median rent | $1,529 | $1,393 | $1,413 |
| Rent as a share of renters' income | 35.6% | 31.3% | 30.6% |
| Median year homes were built | 1997 | 1992 | 1980 |
| Vacant homes | 9.4% | 10.3% | 10.1% |
| Population | 11,158 | 10,940,407 | 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 $274,900 with 20% down costs about $1,759 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,217, 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 $75,381 for the 20%-down payment. That payment is 28% of the median Georgetown household income of $74,256; at that income and 20% down, the 28% guideline points to a home of about $271,000.
The median rent here is $1,529 a month, so owning the median home costs about $230 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $54,980 |
|---|---|
| Loan amount | $219,920 |
| Principal and interest | $1,479 |
| Property taxes (0.72% a year) | $165 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| PMI | $0 |
| Total per month | $1,759 |
Change the numbers in the calculator
| Down payment | $9,622 |
|---|---|
| Loan amount | $269,921 |
| Principal and interest | $1,816 |
| Property taxes (0.72% a year) | $165 |
| Homeowners insurance (our estimate, 0.5% a year) | $115 |
| FHA mortgage insurance | $122 |
| Total per month | $2,217 |
Change the numbers in the calculator
Questions about home buying in Georgetown
What is the median home value in Georgetown?
About $274,900 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 $1,970 a year, which is about 0.72% 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 $1,759 a month. Keeping that under 28% of gross income takes about $75,381 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