Georgetown, Kentucky Housing Market Prices
Georgetown Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 58% above the Kentucky median$186,264
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Median rent 19% above the Kentucky median$1,154
Housing Market Overview
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,264 | $118,017 | $248,835 |
| Price Trend (Annual %) | 18.4% | 3.8% | 7.5% |
| Median Gross Rent | $1,154 | $967 | $1,407 |
| Rent Trend (Annual %) | 5.9% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Georgetown is about 58% higher than in Kentucky. Rent is about 19% higher than the Kentucky average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Georgetown, up about 18.4% and 5.9% a year respectively. Home prices are changing faster.
Median rent in Georgetown rose about 59.9% between 2015 and 2024, from $722 to $1,154. Over the same span, rent in Kentucky rose about 43.3%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Georgetown.
Buying the median-priced home in Georgetown costs roughly 13.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Georgetown. The price-to-rent ratio in Kentucky is about 10.2.
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Median Home Price | $186,264 | $118,017 | $248,835 |
| Median Household Income | $70,162 | $64,312 | $80,455 |
| Price-to-Income Ratio | 2.7 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Georgetown rose about 147.7%, while median household income rose about 52.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.3% | 61.3% | 58.5% |
| Rental Rate | 37.7% | 28.4% | 31.2% |
| Vacancy Rate | 6.0% | 10.3% | 10.2% |
| Median Tenure (years) | 10.0 | 15.0 | 15.0 |
| Median Year Moved In | 2016 | 2011 | 2011 |
Georgetown has a homeownership rate of 56.3%, lower than the Kentucky average of 61.3%. Its housing vacancy rate is 6.0%, compared with 10.3% in Kentucky.
Housing Stock
| Metric | Georgetown | Kentucky Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1994 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Georgetown was built around 1994. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 10.0 years on average.
Georgetown, KY Housing Compared With Nearby Cities
How Georgetown, KY compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Georgetown, KY | 21,981 | $186,264 #1/2 | $1,154 #2/2 | 59.9% #1/2 |
| Lexington-Fayette, KY | 323,723 | $145,827 | $1,163 | 53.8% |
Frequently Asked Questions
Common questions about the housing market in Georgetown, Kentucky.
What is the median home price in Georgetown, Kentucky?
The median home price in Georgetown, Kentucky is $186,264, higher than the Kentucky average of $118,017.
What is the average home price in Georgetown, Kentucky?
The typical home price in Georgetown, Kentucky, reported as the median sale price, is $186,264. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Georgetown, Kentucky?
The median gross rent in Georgetown, Kentucky is $1,154 per month, higher than the Kentucky average of $967.
What was the median gross rent in Georgetown in 2020?
In 2020, the median gross rent in Georgetown, Kentucky was $862 per month.
What is the price-to-rent ratio in Georgetown, Kentucky?
The price-to-rent ratio in Georgetown, Kentucky is about 13.4, meaning it would take roughly 13.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Georgetown.
Are home prices or rent rising faster in Georgetown, Kentucky?
Both home prices and rent are rising in Georgetown, up about 18.4% and 5.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Georgetown, Kentucky?
56.3% of households in Georgetown, Kentucky own their home, lower than the Kentucky average of 61.3%.
What is the vacancy rate in Georgetown, Kentucky?
The housing vacancy rate in Georgetown, Kentucky is 6.0%, lower than the Kentucky average of 10.3%.
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