Georgetown, KY—40324
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Georgetown, KY
As of Oct '25, the median home price in Georgetown, KY is $327,000, with a year-over-year change of 3.1%. This indicates that home prices in Georgetown, KY are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 3.1% |
| Single Family | $328,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $215,000 | 4.4% |
3 Bed | $303,000 | 2.7% |
4 Bed | $402,000 | 2.8% |
| 5 Bed | $497,000 | 1.2% |
% of Housing Stock
Rental Trends — Georgetown, KY
As of July '25, Rentcast reports the average rent in Georgetown, KY is $2,100, with a year-over-year rent change of 8.2%. Per bedroom, the median rent as of July '25 in Georgetown, KY is 1-bedrooms: $1,090, 2-bedrooms: $1,210, 3-bedrooms: $2,050, 4-bedrooms: $2,430. The most common rental property sizes in Georgetown, KY are 2-bedroom and 3-bedroom, accounting for 45.9% and 35.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,050 | $1,090 |
| 2 Bed Rent | $1,200 | $1,210 |
| 3 Bed Rent | $2,100 | $2,050 |
| 4 Bed Rent | $2,400 | $2,430 |
% of Rental Stock
Property Listings — Georgetown, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Georgetown, KY is 62. This is a decrease of -25.0% from last year, suggesting that homes are sitting on the market shorter 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 | $406,000 | 0.0% |
Listing Count | 337 | -10.0% |
| Listings as % of Homes | 1.6% | -10.0% |
Days on Market | 62 | -25.0% |
Demographics — Georgetown, KY
As of the latest ACS Survey released in 2023, Georgetown, KY has a population of 52,200, which has increased by 10.4% over the past 5 years. Georgetown, KY is a popular place for families, as children make up 25.4% of the population. The area has a moderately educated workforce, with 33.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,200 | 10.4% |
% Under 18 | 25.4% | -2.3% |
% Seniors | 12.0% | 8.1% |
% WFH | 9.3% | 144.7% |
% w/ College Degree | 33.7% | 15.0% |
As of the latest ACS Survey released in 2023, Georgetown, KY is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Georgetown, KY is hispanic, making up 6.5% of the population. Foreign-born residents account for 3.3% of the population in Georgetown, KY, and this percentage has decreased by 15.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 83.5% | -2.9% |
% Black | 4.9% | -2.0% |
% Hispanic | 6.5% | 35.4% |
% Asian | 0.9% | -25.0% |
% Foreign Born | 3.3% | -15.4% |
Mortgage and Risk — Georgetown, KY
According to HUD data as of 2023, there were 1307 mortgage originations in Georgetown, KY, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 26.0% above 90% LTV (very high). This implies large mortgage risk in Georgetown, KY. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,307 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Georgetown, KY
As of 2024, the percent of homes in Georgetown, KY under the Section 8 program is 8.8%. 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, KY, 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 | 844 |
Total Units Section 8 | 519 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 90.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$90 | $1,050 | $960 |
| 2 Bedroom | -$60 | $1,200 | $1,140 |
| 3 Bedroom | -$550 | $2,100 | $1,550 |
| 4 Bedroom | -$660 | $2,400 | $1,740 |
Affordability — Georgetown, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $327,000 |
| Median Household Income | $83,000 |