Total monthly cost of ownership
Cost to Own a Home in Georgetown, Indiana
A $263,000 home here costs
$2,051per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,352. The real number is $699 higher every month — 52% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Georgetown against Floyd County and Indiana
| Measure | Georgetown | Floyd County |
|---|---|---|
| Median home value | $262,600 | $235,100 |
| Median property tax | $1,639 | $1,656 |
| Effective tax rate | 0.624% | 0.704% |
| Median gross rent | $874 | $990 |
| Population | 3,789 | 80,512 |
The weather behind that power bill
Georgetown sits in Floyd County, which averages a high of 89.0°F in its hottest month and a low of 27.8°F in its coldest, with 48.34" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 1,742 cooling and 3,936 heating degree days, which is what sets the $163 electricity line above.
See the full climate breakdown for Floyd County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Floyd County
Common questions
How much does it cost to own a home in Georgetown?
A $263,000 home in Georgetown, Indiana costs approximately $2,051 per month with 20% down at 6.66%. That is $1,352 principal and interest, $137 property tax, $112 homeowners insurance, $231 utilities and $219 set aside for maintenance.
What is the property tax rate in Georgetown?
Georgetown has an effective property tax rate of 0.624%, based on a median home value of $262,600 and median real estate taxes of $1,639. That is lower than the Floyd County average of 0.704%.
What is the average home price in Georgetown?
The median owner-occupied home value in Georgetown, Indiana is $262,600, against $235,100 across Floyd County.
Is it cheaper to rent or buy in Georgetown?
Median gross rent in Georgetown is $874 a month, against $2,051 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Georgetown — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Indiana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.