Mortgage payment estimates, closing cost breakdowns, and homebuying data for Georgetown, Delaware.
Pre-filled with Georgetown median home price and Delaware tax/insurance rates. Adjust for your property.
Estimated closing costs based on Delaware rates and fees applied to Georgetown prices.
The median home price in Georgetown is $265,000, 25% below the Delaware state median of $355,000. With a population of 7,436, Georgetown is a smaller market where home prices tend to be more accessible than in many parts of Delaware.
Property taxes in Delaware average 0.56% annually. This low property tax rate is a significant advantage for Georgetown buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Delaware runs approximately $1,300 per year. This is within the normal range nationally.
Average rent in Georgetown is $1,150/month. The price-to-rent ratio in Georgetown is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Georgetown presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.