What to know about Georgetown apartment rental stock
Georgetown apartments have seen a massive surge in demand over the past year, according to a report from real estate research firm Zillow.
In its latest Zillows study of apartment rental trends, Zillower found that Georgetown apartments are currently being rented out at a rate of more than 300 per week.
This is the first time Zillowers has tallied the total number of apartment units in Georgetown since it released its first report in October, which was for its second quarter.
The data is still being compiled and can’t be compared with the latest Zellow numbers.
As a result, Georgetown is the fastest-growing apartment market in the country, according ZillOW.
It is the largest city in the United States and is home to more than 5 million people.
Zillow’s new report shows that Georgetown is also the nation’s fastest-paced city, at almost 7 percent annual growth, which is more than double the national average of 2.2 percent.
Georgetown is one of five metropolitan areas where the number of apartments is at least twice as high as the population, according the report.
The Zillowing report, which uses Zillotron data, shows that rents in Georgetown are more than four times higher than the national median of $1,500 a month.
That means that, for a $400,000 apartment, a Georgetown resident pays nearly double the median income in the city.
A typical $1.25 million apartment rents for $2,700 a month, according a typical Zilloview apartment rental.
The median income for a person renting an apartment in Georgetown is $54,600, according data from Zillovexplorer.com.
For comparison, rents in the Bay Area and New York are about 30 to 40 percent higher.
In fact, Georgetown’s average monthly rent for an apartment is $1.,600, with a median income of $52,200, according Data Center Rent.
For comparison, rent in New York is $2.25 per month, with an average of $3,800 a month in a 1,600 square foot apartment.