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Georgetown, TX Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Georgetown, TX Housing Market Trends

With a population of 67,176, 28,075 total housing units (homes and apartments), and a median house value of $458,052, Georgetown house prices are not only among the most expensive in Texas, Georgetown real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Georgetown, accounting for 77.17% of the city's housing units. Other types of housing that are prevalent in Georgetown include large apartment complexes or high rise apartments ( 13.08%), duplexes, homes converted to apartments or other small apartment buildings ( 5.45%), and a few row houses and other attached homes ( 3.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Georgetown. Owner-occupied housing accounts for 71.65% of Georgetown's homes, and 56.88% have either three or four bedrooms, which is average sized relative to America.

Georgetown homes and real estate are some of the newest in America. 57.38% of Georgetown's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Georgetown real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.48%), and between 1940-1969 ( 4.58%). There's also some housing in Georgetown built before 1939 ( 1.56%).

Georgetown Home Appreciation Rates

In the last 10 years, Georgetown has experienced some of the highest home appreciation rates of any community in the nation. Georgetown real estate appreciated 141.88% over the last ten years, which is an average annual home appreciation rate of 9.23%, putting Georgetown in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Georgetown definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Georgetown that despite a nationwide downturn in the housing market, Georgetown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Georgetown appreciation rates continue to be some of the highest in America, at 21.51%, which is higher than appreciation rates in 87.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Georgetown. Georgetown appreciation rates in the latest quarter were at 4.51%, which equates to an annual appreciation rate of 19.31%.

Importantly, this makes Georgetown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Texas, our data show that Georgetown's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Georgetown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Georgetown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Georgetown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$458,052

Georgetown, TX HOME PRICES

> $1,610,000
$1,207,001 - $1,610,000
$805,001 - $1,207,000
$644,001 - $805,000
$483,001 - $644,000
$322,001 - $483,000
$161,001 - $322,000
$80,001 - $161,000
$0 - $80,000
0.9%
0.9%
0.5%
0.5%
7.5%
7.5%
9.0%
9.0%
24.6%
24.6%
41.2%
41.2%
13.8%
13.8%
0.7%
0.7%
1.7%
1.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
28,075

Georgetown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
189.94% 4.84%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,424 / per month

Homeownership Rate

Owners
Renters
Vacant
71.7%
71.7%
28.3%
28.3%
4.6%
4.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
57.4%
57.4%
36.5%
36.5%
4.6%
4.6%
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
77.2%
77.2%
3.8%
3.8%
5.5%
5.5%
13.1%
13.1%
0.5%
0.5%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
7.3%
7.3%
31.0%
31.0%
37.7%
37.7%
19.2%
19.2%
3.5%
3.5%
0.0% 100.0%
% OF HOMES