Georgetown, DE—19947
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Georgetown, DE
As of Oct '25, the median home price in Georgetown, DE is $361,000, with a year-over-year change of 1.1%. This indicates that home prices in Georgetown, DE are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $361,000 | 1.1% |
| Single Family | $362,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $305,000 | 3.0% |
3 Bed | $377,000 | 2.7% |
4 Bed | $454,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Georgetown, DE
As of July '25, Rentcast reports the average rent in Georgetown, DE is $2,270, with a year-over-year rent change of -1.3%. Per bedroom, the median rent as of July '25 in Georgetown, DE is 1-bedrooms: $1,510, 2-bedrooms: $1,750, 3-bedrooms: $2,070, 4-bedrooms: $2,990. The most common rental property sizes in Georgetown, DE are 2-bedroom and 3-bedroom, accounting for 47.3% and 25.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,270 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,510 |
| 2 Bed Rent | $1,500 | $1,750 |
| 3 Bed Rent | $1,900 | $2,070 |
| 4 Bed Rent | $2,850 | $2,990 |
% of Rental Stock
Property Listings — Georgetown, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Georgetown, DE is 65. This is a increase of 30.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $495,000 | 3.0% |
Listing Count | 113 | 8.0% |
| Listings as % of Homes | 1.3% | 8.0% |
Days on Market | 65 | 30.0% |
Demographics — Georgetown, DE
As of the latest ACS Survey released in 2023, Georgetown, DE has a population of 19,300, which has decreased by -3.6% over the past 5 years. Georgetown, DE is a popular place for families, as children make up 25.2% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,300 | -3.6% |
% Under 18 | 25.2% | 4.6% |
% Seniors | 15.9% | -8.6% |
% WFH | 3.6% | -23.4% |
% w/ College Degree | 18.3% | 22.8% |
As of the latest ACS Survey released in 2023, Georgetown, DE is a predominantly white area, with 48.5% of the population identifying as white. The white population has shrunk by 20.4% in the last 5 years. The second most common race or ethnicity in Georgetown, DE is hispanic, making up 36.9% of the population. Foreign-born residents account for 19.5% of the population in Georgetown, DE, and this percentage has increased by 21.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.5% | -20.4% |
% Black | 10.1% | -16.5% |
% Hispanic | 36.9% | 51.2% |
% Asian | 0.4% | -78.9% |
% Foreign Born | 19.5% | 21.1% |
Mortgage and Risk — Georgetown, DE
According to HUD data as of 2023, there were 173 mortgage originations in Georgetown, DE, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Georgetown, DE. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 173 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Georgetown, DE
As of 2024, the percent of homes in Georgetown, DE under the Section 8 program is 5.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Georgetown, DE, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 114 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 79.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$390 | $1,450 | $1,060 |
| 2 Bedroom | -$110 | $1,500 | $1,390 |
| 3 Bedroom | -$150 | $1,900 | $1,750 |
| 4 Bedroom | -$670 | $2,850 | $2,180 |
Affordability — Georgetown, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $361,000 |
| Median Household Income | $68,500 |