Mortgage Calculator & Closing Costs: Georgetown, KY
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Georgetown, Kentucky.
Median Home Price
$265K
Population
37K
Avg Monthly Rent
$1,120
Property Tax Rate
0.83% *
* Property tax shown is the Kentucky state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Georgetown.
Georgetown vs Kentucky Median
The median home price in Georgetown is $265,000, which is 26% above the Kentucky state median of $210,000.
Mortgage Calculator — Georgetown, KY
Pre-filled with Georgetown median home price and Kentucky tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $265K home using Kentucky's 0.83% tax rate and $2,400/yr insurance.
5% Down
$2,121/mo
Down: $13,250
Loan: $252K
P&I: $1,591
Tax: $183
Insurance: $200
PMI: $147
10% Down
$2,030/mo
Down: $26,500
Loan: $239K
P&I: $1,507
Tax: $183
Insurance: $200
PMI: $139
20% Down (No PMI)
$1,723/mo
Down: $53,000
Loan: $212K
P&I: $1,340
Tax: $183
Insurance: $200
Income needed (28% rule): $74K/year with 20% down, $87K/year with 10% down.
Rent vs Buy in Georgetown
Rent
$1,120/mo
vs
Buy (10% down)
$2,030/mo
Price-to-rent ratio: 19.7 — A ratio between 15-20 means the rent vs buy decision in Georgetown depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Georgetown is $265,000, 26% above the Kentucky state median of $210,000. With a population of 36,915, Georgetown is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Kentucky average 0.83% annually. This moderate property tax rate means a $265,000 home in Georgetown would carry roughly $183/month in property taxes. Homeowners insurance in Kentucky runs approximately $2,400 per year. This is within the normal range nationally.
Average rent in Georgetown is $1,120/month. The price-to-rent ratio in Georgetown is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Georgetown presents moderate affordability. The $265K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Georgetown.