78628, Georgetown, TX

Georgetown, TX is located in Williamson County and has a population of around 25,000. The median household income in Georgetown is $85,000 and the median home value is $225,000. Home equity in Georgetown is relatively high compared to other areas of the country. In fact, according to Zillow, the home equity in Georgetown is about 3x higher than the national average. This may be due to several factors including low interest rates and strong job growth in Georgetown over the past few years.

One reason that home equity is high in Georgetown may be because there are relatively few homes for sale in the area. According to Trulia, there are only about 2% of homes for sale in Georgetown compared to a national average of about 5%. This means that people who want to buy a home in Georgetown have plenty of opportunity to do so. Additionally, many people who live in Georgetown own their homes outright which can also contribute to high home equity levels.

Despite having high levels of home equity, it's important not to forget that home prices can also fluctuate a lot depending on the market conditions at any given time. For example, if there are more homes for sale then demand will outstrip supply which will lead to higher prices. Conversely, if there are fewer homes for sale then demand will outstrip supply which will lead to lower prices. So it's important not onlyto know your own financial situation but also those around you so you can anticipate potential changes and make smart decisions accordingly