The Census reported this week that Georgetown is among the fastest-growing cities in the country. According to a news release from the U.S. Census Bureau on Thursday, Georgetown ranks number seven on a list of the fastest-growing medium-sized cities in the U.S.
“San Marcos, Cedar Park and Georgetown—each near Austin—ranked among the 10 fastest-growing cities with populations of 50,000 or more during the year ending July 1, 2013,” according to the Census news release.
Georgetown’s growth rate was 4.5 percent from July 1, 2012 to July 1, 2013, resulting in a 2013 population of 54,898 residents. Georgetown’s 2010 census population was 47,400. (Photo credit: Rudy Ximenez)
Housing starts have continued at a steady pace in Georgetown with 690 new home permits issued in 2013.
Growth in Georgetown shows no signs of slowing down. Housing communities in all areas of the city continue to add new residences, including developments such as Water Oak, Sun City Texas, The Brownstone at the Summit, and La Conterra. Other neighborhoods such as Wolf Ranch—a Hillwood Communities development with more than 2,000 residences—are in the planning stages.
Why is Georgetown growing so fast?
One reason is Georgetown’s location in the Austin metropolitan area, which has been the fastest-growing metro region in the nation for the past four years. The Austin metro continues to add jobs as well as retirees at a rapid pace.
Other reasons for Georgetown’s growth include the historic downtown area and Courthouse Square, parks and trails, dining and entertainment options, good schools, safe neighborhoods, and one of the lowest property tax rates in Texas.
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