A breakdown of the total market value of properties in Georgetown shows that the city is prominently a residential community. However, the value of Georgetown’s commercial market saw the biggest increase from 2023 to 2024, with an increase of $600 million in value. The multi-family housing market saw an increase of only $200 million because, according to WCAD, there were no new multi-family units on the market in Georgetown from 2023 and 2024.
From 2023 to 2024, the median property value of a residential home in Georgetown is down about 3.5 percent. The decrease in median value comes after an increase of about $128,061 in median value between 2021 and 2022. The median value of property in Georgetown is also shown to be lower than the median residential properties in Williamson County.
The growth seen in Georgetown’s commercial value is a reflection of the new improvements. The city has seen an influx of technology companies, industrial complexes and retail centers come to the city as more people move to Georgetown and Williamson County. WCAD Chief Appraiser Alvin Lankford said by parcel count, office and industrial buildings take up the most space.
In the last five years, the total market value of properties in Georgetown has gone up $11.72 billion, and the value of commercial properties has nearly tripled, from a value of $1.39 billion in 2019 to $3.3 billion in 2024.
Data about the city’s housing market and the value of property within the city was presented to Georgetown City Council by the Williamson Central Appraisal Dist...
