Real Estate Investing in Georgetown, Texas (78628)
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Should you buy in 78628 (Georgetown, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.4% 5-year CAGR — values have moved lower.
What’s happening in Georgetown, TX (78628)?
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Market Analysis: 78628 Georgetown
ZIP 78628 in Georgetown, TX carries a robust set of headwinds. Home values near $476K and rents of $1,791/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 78628 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Nearby ZIPs in Georgetown have seen price recovery that 78628 has not matched. Williamson County data supports the view that the spread is structural rather than temporary.
Who lives in 78628 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 78628 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Georgetown:
Property Strategy for 78628
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $339,116 | $1,760 | 3.7% | +4.7% | $169,558 |
| 3BR | $399,762 | $2,240 | 4.0% | +5.4% | $133,254 |
| 4BR | $518,236 | $2,600 | 3.6% | +6.0% | $129,559 |
| 5BR | $624,367 | — | — | +6.6% | $124,873 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78628 Compare?
| Metric | 78628 | Georgetown | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $476,356 | $423,121 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,791 | $1,718 | N/A | - |
| Cap Rate | 2.9% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78628 (Georgetown, TX). Anonymous, moderated, never written by AI.
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Property managers serving Williamson County
Manage rentals here? List your business →PS Property Management is an Austin HOA Management Company. summary from their website
PURE Property Management of Texas aims to provide simple and satisfying rental experiences for all. summary from their website
MBM Property Management offers property management services for rentals in various Central Texas communities, including Austin, Cedar Park, Georgetown, and Round Rock. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $476,356 |
| Monthly Rent | $1,791 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 2.6% |
📈 Home Appreciation
| 1-Year | -2.0% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | -0.4% ▼ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +0.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 78628
Population: 44,821
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 78628
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in Georgetown, TX?
Georgetown, TX median home values land near $476K. That is reasonable territory for investors looking at $1,791/mo-per-month rentals.
Are renters plentiful in Georgetown, TX?
Working renters make up the core of the Georgetown, TX tenant base. The pool is reasonable for investors targeting long-term holds.
Is Georgetown in TX worth investing in?
Investors tracking Georgetown, TX will find a 2.0/5 rating supported by $476K median home values and $1,791/mo rents. That profile suits long-term holders targeting measured returns.
What is it like being a landlord in Georgetown, TX?
TX law landlord-friendly for landlords, and Georgetown inherits those rules. Investors should still review local ordinances for rental licensing.
Is vacancy a concern in Georgetown, TX?
Rental vacancy in Georgetown, TX is elevated. Investors should budget normal turnover but not chronic empty units.
You know 78628 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78628 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 78628 ranks in Austin-Round Rock-Georgetown, TX
Every ZIP in this metro, ranked. Free.
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