The typical owner-occupied home in Georgetown is worth about $115,000, 65% below the Minnesota median of $329,300 and 65% below the national median of $332,700. The median household earns $41,750 a year, so the median home costs 2.8 times the median income (3.7 times for Minnesota). 87% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Georgetown at a glance
| Georgetown | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $115,000 | $329,300 | $332,700 |
| Median property tax paid per year | – | $3,357 | $3,119 |
| Median household income | $41,750 | $89,062 | $80,734 |
| Homes lived in by their owners | 87% | 72% | 65% |
| Owner homes with a mortgage | 26% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,813 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Median year homes were built | 1977 | 1979 | 1980 |
| Vacant homes | 15.2% | 9.3% | 10.1% |
| Population | 72 | 5,739,445 | 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 $115,000 with 20% down costs about $772 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $964, 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 $33,095 for the 20%-down payment. That payment is 22% of the median Georgetown household income of $41,750; at that income and 20% down, the 28% guideline points to a home of about $145,000.
| Down payment | $23,000 |
|---|---|
| Loan amount | $92,000 |
| Principal and interest | $619 |
| Property taxes (1.10% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| PMI | $0 |
| Total per month | $772 |
Change the numbers in the calculator
| Down payment | $4,025 |
|---|---|
| Loan amount | $112,917 |
| Principal and interest | $760 |
| Property taxes (1.10% a year) | $105 |
| Homeowners insurance (our estimate, 0.5% a year) | $48 |
| FHA mortgage insurance | $51 |
| Total per month | $964 |
Change the numbers in the calculator
Questions about home buying in Georgetown
What is the median home value in Georgetown?
About $115,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
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 $772 a month. Keeping that under 28% of gross income takes about $33,095 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