Georgetown is a city approximately 30 minutes north of downtown Austin and just north of Round Rock. Georgetown has an older, more established feel than some other communities surrounding Austin. It also has a historic district with beautifully restored homes. You can also find nice homes on over an acre of land for $300-600K in Georgetown. If you own a horse or two, Georgetown has many good properties you can live on with your horses. This small college town is home to Southwestern University.
Round Rock is due north of Austin (northwest of Pflugerville). Round Rock has grown tremendously since Dell Computer opened its headquarters there in 1994. Round Rock has approximately 86,000 residents and a good school system. Home prices in Round Rock start around $120K and go all the way up to $700K for some of the newer upscale executive areas.