Total monthly cost of ownership
Cost to Own a Home in Georgetown, Kentucky
A $244,000 home here costs
$1,933per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,254. The real number is $678 higher every month — 54% 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 Scott County and Kentucky
| Measure | Georgetown | Scott County |
|---|---|---|
| Median home value | $244,200 | $264,200 |
| Median property tax | $1,729 | $1,800 |
| Effective tax rate | 0.708% | 0.681% |
| Median gross rent | $1,199 | $1,181 |
| Population | 38,206 | 58,269 |
The weather behind that power bill
Georgetown sits in Scott County, which averages a high of 84.4°F in its hottest month and a low of 24.9°F in its coldest, with 48.11" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,085 cooling and 4,640 heating degree days, which is what sets the $135 electricity line above.
See the full climate breakdown for Scott County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Scott County
No other places of this size are published in Scott County.
Common questions
How much does it cost to own a home in Georgetown?
A $244,000 home in Georgetown, Kentucky costs approximately $1,933 per month with 20% down at 6.66%. That is $1,254 principal and interest, $144 property tax, $128 homeowners insurance, $203 utilities and $203 set aside for maintenance.
What is the property tax rate in Georgetown?
Georgetown has an effective property tax rate of 0.708%, based on a median home value of $244,200 and median real estate taxes of $1,729. That is higher than the Scott County average of 0.681%.
What is the average home price in Georgetown?
The median owner-occupied home value in Georgetown, Kentucky is $244,200, against $264,200 across Scott County.
Is it cheaper to rent or buy in Georgetown?
Median gross rent in Georgetown is $1,199 a month, against $1,933 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 Kentucky.
- 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.