Living in Georgetown, MD
Georgetown, MD, offers a blend of community charm and natural beauty, making it a perfect place for families. Residents can enjoy outdoor activities along the Potomac River and benefit from a strong educational system. Local amenities and the friendly atmosphere make Georgetown a desirable location for real estate investment.
Current Market Conditions in Georgetown, MD
As of October 2023, Georgetown's real estate market has demonstrated resilience, with home values remaining stable due to high demand and limited inventory. Investors can find opportunities across a range of property types, from charming single-family homes to more modern builds.
The area is anticipated to grow steadily, supported by its attractive lifestyle, strong schools, and close proximity to urban amenities in larger neighboring cities. Real estate investors are seeing Georgetown as a promising market with opportunities for appreciation and rental income.
Home Value Estimator For Georgetown, MD
There are currently 67 real estate properties
in Georgetown, MD,
with a median automated valuation model (AVM) price
of $338,150.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Georgetown, MD, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Georgetown, MD,
is $487,720.00, with the most expensive house
in Georgetown, MD, topping out
at $1,757,450.00 and the cheapest home
in Georgetown, MD,
clocking in at $125,331.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Georgetown, MD!
Rent Prices
In Georgetown, MD
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Georgetown, MD, is on
a rollercoaster ride. The
average rent price in Georgetown, MD,
is $1,504.00. Indeed, when looking to rent in
Georgetown, MD, you can expect to pay as little
as $960.00 or as much
as $2,380.00,
with the average rent median estimated to
be $1,460.00. The good news is that finding
an affordable and desirable property to rent in Georgetown, MD
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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