Mortgage Rates in Georgetown, Delaware — March 2026
Updated March 2026 | Based on Georgetown market data and regional lending conditions
Georgetown is a growing city in Delaware with a population of 7,384. The current 30-year fixed mortgage rate in Georgetown is 6.75%, which is 0.1% above the national average. With a median home price of $230,000 and a 20% down payment of $46,000, homebuyers can expect a monthly principal and interest payment of approximately $1,193.
Current Mortgage Rates in Georgetown, DE
Below are the current average mortgage rates available in the Georgetown area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.75% | 6.65% | +0.1% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7% | 6.85% | +0.15% |
Georgetown Housing Market Overview
The Georgetown housing market offers relatively affordable housing compared to many major cities. The median household income in Georgetown is $70,900, and the cost of living index is 96.8 (national average = 100). Based on the 28% affordability rule, the median income in Georgetown is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Georgetown
Based on the median home price of $230,000 with 20% down ($46,000), here is what you can expect to pay monthly in Georgetown:
15-Year vs. 30-Year Mortgage in Georgetown
Choosing a 15-year mortgage in Georgetown at 5.99% instead of a 30-year at 6.75% would save you $150,120 in total interest over the life of the loan. However, your monthly payment would be $1,552 instead of $1,193 — an increase of $359 per month.
Calculate Your Georgetown Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Georgetown
What are the current mortgage rates in Georgetown, DE?
As of March 2026, the average 30-year fixed mortgage rate in Georgetown, Delaware is 6.75%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.1% above the national average of 6.65%.
How much is a monthly mortgage payment in Georgetown?
Based on the median home price of $230,000 with 20% down, the estimated monthly mortgage payment in Georgetown is $1,193 for principal and interest. Including property taxes of $111/month, the total monthly housing cost is approximately $1,304.
What income do I need to buy a home in Georgetown?
Using the 28% rule, you would need an annual income of approximately $55,886 to afford the median-priced home in Georgetown at $230,000. The median household income in Georgetown is $70,900. The median income is currently sufficient to meet this threshold.
Is Georgetown a good place to buy a home in 2026?
Georgetown offers a below-average cost of living with a cost of living index of 96.8 (national average = 100). The property tax rate in Delaware is 0.58%, which is below the national average. Georgetown has a population of 7,384 and offers a balanced lifestyle.
Mortgage Rates in Other Delaware Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Georgetown, Delaware area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.