Total monthly cost of ownership
Cost to Own a Home in Georgetown, Texas
A $399,000 home here costs
$3,565per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $153,000 a year.
A standard mortgage calculator would have told you $2,210. The real number is $1,355 higher every month, 61% more than the payment most buyers budget for.
Compare Williamson County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Georgetown against Williamson County and Texas
| Measure | Georgetown | Williamson County |
|---|---|---|
| Median home value | $398,600 | $414,600 |
| Median property tax | $6,189 | $7,079 |
| Effective tax rate | 1.553% | 1.707% |
| Median gross rent | $1,671 | $1,720 |
| Population | 78,803 | 643,889 |
The weather behind that power bill
Georgetown sits in Williamson County, which averages a high of 96.8°F in its hottest month and a low of 36.2°F in its coldest, with 37.08" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 2,748 cooling and 1,949 heating degree days, which is what sets the $174 electricity line above.
See the full climate breakdown for Williamson County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Williamson County
Full Williamson County cost breakdown · Every county in Texas
Talk to someone who works this market
These are Georgetown averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Georgetown every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Georgetown I already own here and may sell
Common questions
How much does it cost to own a home in Georgetown?
A $399,000 home in Georgetown, Texas costs approximately $3,565 per month with 20% down at 7.4%. That is $2,210 principal and interest, $516 property tax, $264 homeowners insurance, $242 utilities and $333 set aside for maintenance.
What is the property tax rate in Georgetown?
Georgetown has an effective property tax rate of 1.553%, based on a median home value of $398,600 and median real estate taxes of $6,189. That is lower than the Williamson County average of 1.707%.
What is the average home price in Georgetown?
The median owner-occupied home value in Georgetown, Texas is $398,600, against $414,600 across Williamson County.
Is it cheaper to rent or buy in Georgetown?
Median gross rent in Georgetown is $1,671 a month, against $3,565 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Georgetown?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Georgetown, Texas at today's rate takes a household income of roughly $153,000 a year. That covers the full $3,565 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Georgetown, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Texas.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.