Local Leaders Discuss Rising Real Estate Investments by Out-of-State Buyers

The Joint Work Session between the Georgetown City Council and Scott County Fiscal Court held on August 26, 2025, focused on the growing trend of property investment in the area and its implications for local residents. The meeting highlighted the need for collaboration among community leaders to address the challenges posed by external investors purchasing residential properties.

During the session, discussions centered on the desirability of Georgetown and Scott County as a low-cost living area within the Midwest. Participants noted that the region is attracting attention from both small and institutional investors, with estimates suggesting that 15 to 19 percent of residential properties are being acquired by these entities. This influx of investment is seen as a double-edged sword, as it creates competition for local buyers and may drive up housing costs.

A local home loan professional shared an anecdote about a couple from Texas who attempted to purchase a home in Georgetown without ever visiting the property. Their interest was sparked by the affordability of the area, showcasing how potential investors are leveraging online resources to identify lucrative markets. The conversation raised concerns about the impact of such investments on the community, with a desire expressed for local residents to have priority in home purchases.

The discussion also touched on the challenges of regulating or limiting outside investment in the housing market. Participants acknowledged the difficulty of implementing legal measures to prevent non-residents from buying properties, emphasizing the need for strategic planning to ensure that local buyers are not sidelined in the housing market.

Overall, the meeting underscored the importance of proactive measures and community engagement to navigate the evolving real estate landscape in Georgetown and Scott County. The council and fiscal court members recognized the necessity of working together to create a balanced approach that supports both local residents and the economic growth of the area.