78633, Georgetown, TX

Georgetown, TX is located in Williamson County and has a population of around 16,000. The median household income in Georgetown is $82,500 and the median home value is $215,000. Home equity in Georgetown is relatively high compared to other areas of the country. In fact, according to Zillow’s 2018 Home Value Report, the home equity in Georgetown is 5% higher than the national average.

One reason for this high level of home equity may be that Georgetown has a low rate of unemployment (3%). Additionally, Georgetown residents are generally well-educated and have good jobs. This may contribute to high levels of household income and home values.

Another factor that may contribute to high levels of home equity in Georgetown are low interest rates. Since 2007, the Federal Reserve has kept interest rates at or near 0%, which has helped to increase the value of homes throughout the country. Low interest rates also make it more affordable for people to borrow money to buy homes and increase their home equity.

Despite these factors, there are some risks associated with having high levels of home equity in Georgetown. For example, if there is a housing market crash or another economic recession, people who have invested heavily in their homes could lose a lot of money. Additionally, if someone wants to sell their house but cannot find a buyer at its current price due to high levels of home equity, they may be forced to sell at a lower price than they would have liked.