Rent, population, and median household income are important factors to consider for a 1031 exchange in Georgetown due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Georgetown, Texas is a part of the Round Rock/Georgetown/Hutto submarket area, and contains 4 zip codes: 78633, 78626, 78627, and 78628.
Georgetown Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Georgetown, TX submarket area was $1,151, which is 17.21% higher than 2014 average rent. This represents a compounded annual growth rate of 3.23%. 2019 vacancy in Georgetown, TX was 6.20%.
The total population of the city of Georgetown, TX has grown 56.50% since 2010. As of 2018, the population was 74,180. The median household income of the Georgetown was $71,410, which is 18.44% higher than the national average.
- submarket area Round Rock / Georgetown / Hutto
- avg rent $1,151
- rent growth 17.21%
- vacancy 6.20%
- median income $71,410
- population (2018) 74,180
- population growth 56.50%
- vs. nat'l avg 18.44%
- zip codes 78626 78627 78628 78633