Georgetown Home Prices: $425K, Down 4% — 3 ZIPs Analyzed (2026)

$424,952. That’s the typical home value in Georgetown as of February 2026, and it’s down 4.2% from a year ago. Prices have fallen every single month for the past year, even as the population kept growing at one of the fastest rates of any Texas city.

Quick answer: The average home price in Georgetown, TX is $424,952 as of February 2026, down 4.2% year over year according to Zillow.

Current Home Prices in Georgetown

Georgetown sits inside the Austin-Round Rock-Georgetown metro, and the price story here mirrors what’s happening across central Texas. Values are correcting after the 2021-2022 spike. The current $424,952 median is down from $443,558 a year ago — a $18,606 drop in twelve months.

The price spread across the city is wide. Homes in the cheapest ZIP cost about 26% less than homes in the priciest one.

What’s the takeaway? You’re shopping a market that’s softening, not crashing. A 4.2% drop is meaningful — about $18K off a typical home — but the price floor across all three Georgetown ZIPs is still above $354K. This isn’t a bargain city. It’s a slightly less expensive version of itself than it was a year ago.

The decline has been remarkably steady. There’s no single bad month dragging the average down. Each month has been a little cheaper than the last, which suggests a market grinding lower rather than panicking lower.

Georgetown Home Prices by Neighborhood

Three ZIPs cover Georgetown, and the gap between them tells you most of what you need to know about where to shop.

Most Expensive

• 78628 at $478,572 — the priciest ZIP in Georgetown, sitting about $54K above the city average. Rents here are also the highest at $1,770/month.
• 78633 at $441,686 — modestly above the city average and the second-most expensive area, with rents near $1,688.
• 78626 at $354,598 — even the city’s cheapest ZIP would qualify as upper-middle in many Texas markets.

Most Affordable

• 78626 at $354,598 — the only Georgetown ZIP under $400K. Rent runs $1,540, the lowest in the city.
• 78633 at $441,686 — middle of the pack on price, with the middle rent bracket too.
• 78628 at $478,572 — yes, this is also the most expensive. With only three ZIPs, the “most affordable” list and “most expensive” list are mirror images.

If you want under $400K in Georgetown, 78626 is your only realistic option.

Rent vs Buy in Georgetown

Renting wins on monthly cost in every Georgetown ZIP. It’s not close.

The math: rent in the cheapest ZIP costs $18,480 a year. Buying a $354,598 home with 20% down leaves a $283,678 mortgage. At current rates near 7%, principal and interest alone runs about $1,890/month — already $350 more than renting, before you add property taxes (Texas hits hard here), insurance, and maintenance. Realistic monthly carrying cost on the median Georgetown home lands closer to $2,800-$3,200.

That’s roughly $1,200 a month more than renting the equivalent home. Over a year, that’s $14,000+ that goes to interest, taxes, and upkeep instead of a landlord.

The math flips only if prices start rising again. Right now they aren’t. Buyers betting on appreciation are fighting a 12-month downtrend.

Population Growth and Migration

Georgetown grew 47.5% in four years. Read that again. Most American cities would call 5% growth a boom.

Georgetown crossed the 100,000-resident mark sometime in 2024. It added roughly 32,600 people in four years — equivalent to absorbing a small city into itself.

How does that compare to other Texas cities?

Georgetown is growing five times faster than Fort Worth and sixteen times faster than Austin. That’s the puzzle of this market: prices are falling while demand for the city itself is exploding.

The most likely explanation is supply. Builders moved in hard during the boom, and the resulting inventory now exceeds buyer demand at current mortgage rates. Population growth supports prices over the long run; rate-sensitive supply gluts can override that in the short run. That’s where Georgetown sits today.

Georgetown Housing Market Trends

Twelve straight months of decline. No exceptions.

Total decline: $18,606 in 12 months, or roughly $1,550 per month on average.

The pace has been remarkably consistent. The biggest single-month drop was about $2,800 (May to June 2025). The smallest was about $1,100 (January to February 2026). There’s no sign of capitulation — and no sign of a bottom either. The market is simply walking lower.

The most recent three months show the smallest drops of the past year. That’s either a sign the decline is decelerating, or just normal noise. One quarter doesn’t make a trend reversal.

Is Georgetown a Good Place to Buy in 2026?

This is a buyer’s market on paper. Prices have fallen 12 months in a row. Sellers are taking less than they would have a year ago. Rent is cheaper than buying in every ZIP, which means there’s no rush — you can rent while you wait without losing money.

But “buyer’s market” doesn’t mean “cheap.” Even the most affordable Georgetown ZIP costs $354,598. The metro is Austin’s commuter belt, and Austin itself has been correcting since 2022. Anyone buying here in 2026 is buying into a market still working off the post-pandemic overshoot.

The case to buy now: you like the house, you plan to stay 7+ years, and the population growth trend (47.5% in four years) gives you confidence that demand will eventually catch up to supply.

The case to wait: prices have dropped every month for a year and the trend hasn’t broken. Renting costs significantly less. There’s no penalty for patience right now.

Georgetown Housing Market Outlook for 2026-2027

The 3-month trend suggests a slight slowdown in the rate of decline — drops of $1,653, $1,870, and $1,098 in the most recent months versus drops near $2,000-$2,800 last summer. If that pace continues, prices could shed another $5,000-$8,000 over the next 3-6 months before stabilizing.

A floor near $415K-$420K looks plausible if the deceleration holds. But there’s no guarantee it will. Rate cuts could break the downtrend; another rate scare could accelerate it.

The 47.5% population gain since 2020 puts a long-term bid under prices. Cities adding 30,000 residents in four years don’t stay cheap forever. The question for 2026-2027 is whether builders keep up, fall behind, or overshoot — and Georgetown has been a building hotbed.

Similar Markets in TX

Texas has cheaper options if Georgetown’s $425K median pushes your budget:

• El Paso — one of the most affordable major Texas cities, well below Georgetown’s price floor.
• San Antonio — bigger city, slower price growth, more inventory variety.
• Brownsville — South Texas pricing for buyers willing to leave central Texas.
• Houston — much larger metro with a wider price range than Austin’s suburbs.
• Katy — Houston suburb that competes with Georgetown for family buyers.

Frequently Asked Questions

What is the average home price in Georgetown?

The average home price in Georgetown, TX is $424,952 as of February 2026. That figure is the Zillow Home Value Index average across three Georgetown ZIPs, ranging from $354,598 in 78626 to $478,572 in 78628.

Are home prices going up or down in Georgetown?

Down. Prices fell 4.2% year over year, and the typical home has lost about $18,600 in value over the past 12 months. The decline has been steady — every single month over the past year has been cheaper than the one before it.

Is it cheaper to rent or buy in Georgetown?

Rent is cheaper everywhere in Georgetown right now. The most expensive ZIP rents for $1,770/month, while a mortgage on a typical $478,572 home in that ZIP costs roughly $2,500-$3,200/month after taxes and insurance. Renting saves $700-$1,400/month in every neighborhood.

What is the most affordable neighborhood in Georgetown?

ZIP 78626 is the cheapest, with a typical home value of $354,598 — roughly $70K below the citywide average. Rent there averages $1,540/month, also the lowest in Georgetown.

Methodology

Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.