Georgetown, Kentucky Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Georgetown, Kentucky rental market.

Highlights

An apartment for rent in Georgetown, Kentucky typically goes for $1,316 per month, while a single-family home for rent in Georgetown, Kentucky has a monthly cost of around $2,216. Renter-occupied units make up 35% of the local housing market, while the rental vacancy rate in Georgetown, Kentucky is at 1.6.

Georgetown, Kentucky

Average Apartment Rent

$1,316

Y-o-Y Change in Average
Apartment Rent

6.3%

Average Single-Family Rent

$2,216

As of November 2024

Compared to a year ago, Georgetown, Kentucky apartments have recorded a 6.3% rent increase.

Georgetown, Kentucky Average apartment rent trend

Median Rent Nov 2021 Mar 2022 Jul 2022 Nov 2022 Mar 2023 Jul 2023 Nov 2023 Mar 2024 Jul 2024 Nov 2024
Georgetown $1,035 $1,091 $1,185 $1,191 $1,222 $1,243 $1,238 $1,273 $1,317 $1,316
National $1,596 $1,635 $1,708 $1,726 $1,714 $1,739 $1,733 $1,727 $1,752 $1,748
Georgetown
National
Nov 2021
$1,035
$1,596
Mar 2022
$1,091
$1,635
Jul 2022
$1,185
$1,708
Nov 2022
$1,191
$1,726
Mar 2023
$1,222
$1,714
Jul 2023
$1,243
$1,739
Nov 2023
$1,238
$1,733
Mar 2024
$1,273
$1,727
Jul 2024
$1,317
$1,752
Nov 2024
$1,316
$1,748

Georgetown, Kentucky Average Apartment Rent

Georgetown, Kentucky Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 77.39%, apartments priced $1,000 - $1,500 represent the bulk of Georgetown, Kentucky rentals, while condos priced Over $2,000 hold the lowest share of the market – 0.91%.

Georgetown, Kentucky Housing tenure**

Renter occupied housing units 4,977
Owner occupied housing units 9,411

Renters take up 35% of Georgetown, Kentucky real estate, occupying a total of 4,977 units, while homeowners live in 9,411 properties.

Median number of rooms of renter-occupied housing units**

4.4

Renter median household income**

$51,715

Average household size of renter-occupied housing units**

2.28

Rental vacancy rate**

1.6%

Georgetown, Kentucky Renter-occupied housing units by no. of bedrooms**

No bedrooms 106
1 bed 744
2 beds 2,282
3 beds 1,757
4 beds 65

There are 2,282 rentals in Georgetown, Kentucky with 2 beds making up the highest share of the market, at 46%. Units with 4 beds, on the other hand, hold the lowest percentage (1%), amounting to 65 units. Overall, the median number of rooms in Georgetown, Kentucky homes for rent is 4.4.

Georgetown, Kentucky Renter-occupied units by age of householder**

15 - 24 years 724
25 - 34 years 1,422
35 - 44 years 849
45 - 54 years 723
55 - 59 years 394
60 - 64 years 247
65 - 74 years 377
75 - 84 years 84
85 years and over 157

Most condos for rent in Georgetown, Kentucky are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (17%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.

Georgetown, Kentucky Renter-occupied housing units by family type**

Family households 2,617
Non-Family Households 2,360

Georgetown, Kentucky Renter-occupied housing units by the presence of own children**

With related children of the householder under 18 1,674
No related children of the householder under 18 3,303

A total of 2,617 apartments for rent in Georgetown, Kentucky, or 53% of all rentals are family households. Additionally, 34% of rental homes include children under the age of 18 – that’s 1,674 units. All in all, the median size of a renter-occupied household in Georgetown, Kentucky is 2.28.

Georgetown, Kentucky Renter-occupied housing units by educational attainment**

Less than high school graduate 494
High school graduate (including equivalency) 1,860
Some college or associate's degree 1,901
Bachelor's degree or higher 722

In terms of education, renters holding bachelor degrees or higher make up 15% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Georgetown, Kentucky.

Georgetown, Kentucky Renter-occupied units by year structure built**

Built 2020 or later 60
Built 2010 - 2019 814
Built 2000 - 2009 1,179
Built 1990 - 1999 859
Built 1980 - 1989 704
Built 1970 - 1979 517
Built 1960 - 1969 183
Built 1950 - 1959 202
Built 1940 - 1949 67
Built 1939 or earlier 392

The highest share of Georgetown, Kentucky apartment rentals, namely 24% or 1,179 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (17%, 859 units), and the ones Built 2010 - 2019 (16%, 814 units).

Georgetown, Kentucky Renter-occupied units by year householder moved in**

Moved in 2021 or later 560
Moved in 2018 to 2020 2,184
Moved in 2010 to 2017 1,836
Moved in 2000 to 2009 280
Moved in 1990 to 1999 58
Moved in 1989 or earlier 59

Median year renter moved into unit 2018

Most Georgetown, Kentucky renters (44%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Georgetown, Kentucky condos for rent is 2018.

Georgetown, Kentucky Renter-occupied housing units by vehicles available**

No vehicle available 486
1 vehicle available 2,295
2 vehicles available 1,675
3 vehicles available 365
4 or more vehicles available 156

When it comes to transportation options, 46% of Georgetown, Kentucky renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 10% have No vehicle available.

Georgetown, Kentucky Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 4,574
Car, truck, or van - carpooled 1,042
Walked 71
Taxicab, motorcycle, bicycle, or other means 97
Worked at home 328

Georgetown, Kentucky Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 7,867
Moved within same county 2,082
Moved from different county within same state 890
Moved from different state 413

Georgetown, Kentucky Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Georgetown, Kentucky apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates

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