Georgetown median real estate price is $1,606,619, which is more expensive than 83.5% of the neighborhoods in the District Of Columbia and 94.7% of the neighborhoods in the U.S.
The average rental price in Georgetown is currently $4,322, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 94.8% of the neighborhoods in the District Of Columbia.
Georgetown is a densely urban neighborhood (based on population density) located in Washington, District Of Columbia.
Georgetown real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) townhomes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Georgetown neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Home and apartment vacancy rates are 7.9% in Georgetown. NeighborhoodScout analysis shows that this rate is lower than 48.5% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Washington, the Georgetown neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Georgetown neighborhood, where 68.2% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.4% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 100.0% of the neighborhoods in America.
In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the Georgetown neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.6% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the Georgetown neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for college students, active retirees and young, single professionals.
Also, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 3.6% of America's neighborhoods are wealthier than the Georgetown neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
Real Estate
If you love row houses and attached homes, you will probably really like the Georgetown neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 64.0% of the residential real estate here is classified as row houses and attached homes.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the Georgetown neighborhood is one of the most walkable neighborhoods in America.
Occupations
Executives, managers and professionals make up 81.6% of the workforce in the Georgetown neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 99.3% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.
Furthermore, the Georgetown neighborhood has a greater proportion of government workers living in it than 97.4% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.
Modes of Transportation
More people in Georgetown choose to walk to work each day (28.2%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Also, a unique way of commuting is simply not to. And in the Georgetown neighborhood, analysis shows that 34.6% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.7% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Georgetown neighborhood has a highly unusual pattern of car ownership. 23.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.1% of U.S. neighborhoods.
Diversity
Did you know that the Georgetown neighborhood has more Greek and Iranian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.7% of this neighborhood's residents have Greek ancestry and 2.6% have Iranian ancestry.
Georgetown is also pretty special linguistically. Significantly, 1.7% of its residents five years old and above primarily speak Persian at home. While this may seem like a small percentage, it is higher than 98.9% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Georgetown neighborhood in Washington are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 96.4% of the neighborhoods in America. In addition, 5.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 63.8% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Georgetown neighborhood, 81.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 15.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.4%), and 6.4% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Georgetown neighborhood is English, spoken by 72.6% of households. Other important languages spoken here include French and Spanish.
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Georgetown neighborhood in Washington, DC, residents most commonly identify their ethnicity or ancestry as German (12.8%). There are also a number of people of Irish ancestry (12.1%), and residents who report English roots (9.1%), and some of the residents are also of Asian ancestry (7.8%), along with some Italian ancestry residents (6.1%), among others. In addition, 18.1% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Georgetown neighborhood spend under 15 minutes commuting one-way to work (33.2% of working residents), one of the shortest commutes across America.
Here most residents (28.2%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (24.3%) and 7.9% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.
