The typical owner-occupied home in Georgetown is worth about $68,800, 68% below the Louisiana median of $216,500 and 79% below the national median of $332,700. Owners pay a median $199 a year in property taxes, about 0.29% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $45,750 a year, so the median home costs 1.5 times the median income (3.6 times for Louisiana). 80% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Georgetown at a glance
| Georgetown | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $68,800 | $216,500 | $332,700 |
| Median property tax paid per year | $199 | $1,180 | $3,119 |
| Property tax as a share of value | 0.29% | 0.55% | 0.94% |
| Median household income | $45,750 | $60,756 | $80,734 |
| Homes lived in by their owners | 80% | 67% | 65% |
| Owner homes with a mortgage | 25% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,250 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 16.4% | 20.4% | 21.0% |
| Median rent | $720 | $1,064 | $1,413 |
| Rent as a share of renters' income | 32.5% | 32.8% | 30.6% |
| Median year homes were built | 1981 | 1983 | 1980 |
| Vacant homes | 17.1% | 14.4% | 10.1% |
| Population | 340 | 4,611,961 | 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 $68,800 with 20% down costs about $416 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $530, 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 $17,809 for the 20%-down payment. That payment is 11% of the median Georgetown household income of $45,750; at that income and 20% down, the 28% guideline points to a home of about $177,000.
The median rent here is $720 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $13,760 |
|---|---|
| Loan amount | $55,040 |
| Principal and interest | $370 |
| Property taxes (0.29% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| PMI | $0 |
| Total per month | $416 |
Change the numbers in the calculator
| Down payment | $2,408 |
|---|---|
| Loan amount | $67,554 |
| Principal and interest | $454 |
| Property taxes (0.29% a year) | $17 |
| Homeowners insurance (our estimate, 0.5% a year) | $29 |
| FHA mortgage insurance | $30 |
| Total per month | $530 |
Change the numbers in the calculator
Questions about home buying in Georgetown
What is the median home value in Georgetown?
About $68,800 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 $199 a year, which is about 0.29% 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 $416 a month. Keeping that under 28% of gross income takes about $17,809 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