GEORGETOWN – For the second year in a row, Georgetown had the most growth of any U.S. city. Its population ballooned by about 14.4 percent from July 1, 2021, to July 1, 2022, according to a recent U.S. Census Bureau report.
The median home list price in Georgetown was $525,000 in April, according to Realtor.com data. That’s about $175,000 less than in Austin.
“Austin got so much more expensive that people flocked to the suburbs because they were somewhat less expensive,” says Gary Maler, executive director of the Texas Real Estate Research Center. “There is just a lot of construction. We haven’t been able to build it fast enough.”
Four of the list’s top-five cities are in Texas. In addition to Georgetown, the list included Kyle, Leander, and Little Elm at third, fourth, and fifth, respectively. Maler credits a number of things for Texas’ popularity.
“Jobs in Texas outpace many other states. There’s a pro-business attitude in Texas. There’s a variety of cultures and sceneries in Texas. We have relatively lower costs than other states, although we’re starting to lose that,” says Maler.