housing

Growth, housing and economic development

To start every year, Georgetown City Council reviews the city’s strategic vision, plan and rules of governance. For 2025, council is keeping the same strategic priority areas as last year: growth, economic development, governance, downtown, housing and risk management.
An aerial view of the West Bend development from the north, with other parts of Wolf Ranch visible. (Courtesy Hillwood Communities)

An aerial view of the West Bend development from the north, with other parts of Wolf Ranch visible. (Courtesy Hillwood Communities)

New homes at Wolf Ranch underway

Construction is beginning on the third and final section of Wolf Ranch’s residential offerings. The West Bend development is situated on a 325 acre plot of land and will have 671 homesites.
This rendering shows what the multifamily housing would have looked like and how parking would have been accommodated. (Courtesy Land Strategies Inc.)

This rendering shows what the multifamily housing would have looked like and how parking would have been accommodated. (Courtesy Land Strategies Inc.)

Georgetown City Council denies high-density multi-family development

A proposal to bring a 24 acre multifamily and commercial development to Shell Road near Serenada was turned down by Georgetown City Council August 27.
The Parkside on the River MUD is hoping to add the 40-acre “Dufner Tract” to its community development plan. The idea was discussed at an August 13 Georgetown City Council workshop. (Courtesy City of Georgetown)

The Parkside on the River MUD is hoping to add the 40-acre “Dufner Tract” to its community development plan. The idea was discussed at an August 13 Georgetown City Council workshop. (Courtesy City of Georgetown)

Parkside MUD looks to add 40 acres

Parkside on the River — an established Municipal Utility District that will bring 2,800 homes between Highway 29 and Leander Road over the next 15 years — is looking to add 40.2 acres to the project.
Site plans for the proposed Serenity Ranch Municipal Utility District show multi-family housing toward the front of the property and single-family housing toward the back, with the largest single-family lots along the dry portion of Berry Creek. (Courtesy Athena Domain Inc.)

Site plans for the proposed Serenity Ranch Municipal Utility District show multi-family housing toward the front of the property and single-family housing toward the back, with the largest single-family lots along the dry portion of Berry Creek. (Courtesy Athena Domain Inc.)

New development could introduce mix of housing options

A development with a mix of multi-family and single-family housing — including 153 townhomes, 360 apartments and 127 single-family units — could be brought to northeast Georgetown’s extraterritorial jurisdiction through the Serenity Ranch Municipal Utility District.
A house on East Seventh Street features a for sale sign in the yard. (Photo by Kaitlyn Wilkes)

A house on East Seventh Street features a for sale sign in the yard. (Photo by Kaitlyn Wilkes)

Housing, rent costs show affordability woes in G’town

In the aftermath of the housing price surge seen in Central Texas 2020- 2021, housing prices in the Georgetown area have started to settle. However, with high interest rates, mortgages are still a hurdle, especially for first-time home buyers.
A house on the corner of 10th Street and Church Street in Georgetown is listed for sale at $1.5 million. Photo by Nalani Nuylan.

A house on the corner of 10th Street and Church Street in Georgetown is listed for sale at $1.5 million. Photo by Nalani Nuylan.

Real estate market report:

In May, the Austin-Round Rock-Georgetown MSA saw a 12.8 percent decline in closed listings, with 4.9 months of available inventory, a level that hasn’t been seen in 13 years according to the latest Central Texas Housing Report released by the Austin Board of Realtors.
A rendering shows what the new disability housing community could look like. Doors will open this fall at 2001 Scenic Drive, which was previously The Wesleyan. (Courtesy Eden Supportive Living)

A rendering shows what the new disability housing community could look like. Doors will open this fall at 2001 Scenic Drive, which was previously The Wesleyan. (Courtesy Eden Supportive Living)

Eden Supportive Living to open in Georgetown

Eden Supportive Living is opening a housing community in Georgetown for those with disabilities.Doors will open this fall at 2001 Scenic Drive, which was previously The Wesleyan.The community will include 143 private and ADA-compliant studio units.
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.

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.

Georgetown sees taxable value boost

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.