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Georgetown-South Otselic

Learn about the people, housing, costs and businesses in Georgetown-South Otselic, New York

Median Home$116,785
Median Rent$845/month
Population2,241
Leading IndustriesPublic Administration · Wholesale Trade · Construction29% public administration
Home Value Growth⬆⬆+17.4% over 2 years
Retirees22% of residentsslightly above average
Homeowners85% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
NotableAffordable Market$117k median home · lower cost than 93% of the country
Georgetown-South Otselic
NY

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Frequently Asked Questions

What are today's mortgage rates in Georgetown-South Otselic?

As of today, the 30-year fixed mortgage rate for Georgetown-South Otselic is approximately 6.997% (7.040% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Georgetown-South Otselic?

The median home value in Georgetown-South Otselic is $117k. The median monthly rent is $845. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Georgetown-South Otselic?

Home values in Georgetown-South Otselic have increased 17.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Georgetown-South Otselic?

Based on a typical all-in ownership cost of $761/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Georgetown-South Otselic is $63k/year.

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What industries drive the economy in Georgetown-South Otselic?

The largest employment sectors in Georgetown-South Otselic are public administration (29%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.