Georgetown, IL—61846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Georgetown, IL
As of Oct '25, the median home price in Georgetown, IL is $99,000, with a year-over-year change of 12.0%. This indicates that home prices in Georgetown, IL are increasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $99,000 | 12.0% |
| Single Family | $99,000 | 12.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Georgetown, IL
As of July '25, Rentcast reports the average rent in Georgetown, IL is $782, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Georgetown, IL is 1-bedrooms: $665, 2-bedrooms: $681, 3-bedrooms: $1,170, 4-bedrooms: $1,100. The most common rental property sizes in Georgetown, IL are 2-bedroom and 3-bedroom, accounting for 56.3% and 18.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $692 | $782 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $675 | $665 |
| 2 Bed Rent | $615 | $681 |
| 3 Bed Rent | $1,100 | $1,170 |
| 4 Bed Rent | $1,100 | $1,100 |
% of Rental Stock
Property Listings — Georgetown, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Georgetown, IL is 52. This is a increase of 8.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $75,000 | -17.0% |
Listing Count | 9 | -22.0% |
| Listings as % of Homes | 0.5% | -22.0% |
Days on Market | 52 | 8.0% |
Demographics — Georgetown, IL
As of the latest ACS Survey released in 2023, Georgetown, IL has a population of 4,480, which has decreased by -8.8% over the past 5 years. Georgetown, IL is a moderately popular place for families, as children make up 21.9% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,480 | -8.8% |
% Under 18 | 21.9% | -3.1% |
% Seniors | 23.5% | 23.7% |
% WFH | 11.2% | 75.0% |
% w/ College Degree | 14.7% | -2.0% |
As of the latest ACS Survey released in 2023, Georgetown, IL is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Georgetown, IL is hispanic, making up 5.5% of the population. Foreign-born residents account for 0.7% of the population in Georgetown, IL, and this percentage has increased by 40.0% 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 | 88.5% | -7.0% |
% Black | 5.4% | 116.0% |
% Hispanic | 5.5% | 511.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.7% | 40.0% |
Mortgage and Risk — Georgetown, IL
According to HUD data as of 2023, there were 45 mortgage originations in Georgetown, IL, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Georgetown, IL. Investor activity is low, as 11.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 45 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Georgetown, IL
As of 2024, the percent of homes in Georgetown, IL under the Section 8 program is 5.6%. 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, IL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 84 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $65 | $675 | $740 |
| 2 Bedroom | $355 | $615 | $970 |
| 3 Bedroom | $80 | $1,100 | $1,180 |
| 4 Bedroom | $210 | $1,100 | $1,310 |
Affordability — Georgetown, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.5 |
| Median Home Price | $99,000 |
| Median Household Income | $57,300 |