19947, Georgetown, DE

Georgetown, Delaware is located in the southeastern corner of the state and is bordered by Maryland to the south, Pennsylvania to the west, and Delaware to the north. The population of Georgetown was 9,898 as of 2010. The median household income in Georgetown was $92,711 in 2009. Home prices in Georgetown increased an average of 7.4% from 2006-2010 according to Zillow data. In September 2013, home prices reached a record high of $240,000.

The majority of homes in Georgetown are single family homes with an average price tag of $153,000. There are also a few duplexes and apartments for sale in Georgetown but they make up a small percentage of all homes on the market.

The median home equity value for all homes in Georgetown is $128,000 which is higher than both the statewide median home equity value ($119,500) and national median home equity value ($130,800). However, this number may not be representative because it does not take into account whether or not homeowners have taken out mortgages or other forms of debt against their homes.

Overall there seems to be a strong demand for housing in Georgetown due to its relatively low cost compared to other areas within Delaware as well as its proximity to major metropolitan areas such as Baltimore and Philadelphia. This demand has caused home prices to increase significantly over the past few years even though there may still be some room for growth given that current levels are already quite high relative to historical averages