Katy, TX—77449
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Katy, TX
As of Oct '25, the median home price in Katy, TX is $271,000, with a year-over-year change of -3.3%. This indicates that home prices in Katy, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $271,000 | -3.3% |
| Single Family | $271,000 | -3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | -6.0% |
3 Bed | $253,000 | -3.4% |
4 Bed | $296,000 | -3.3% |
| 5 Bed | $345,000 | -3.4% |
% of Housing Stock
Rental Trends — Katy, TX
As of July '25, Rentcast reports the average rent in Katy, TX is $2,070, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Katy, TX is studios: $1,340, 1-bedrooms: $1,370, 2-bedrooms: $1,860, 3-bedrooms: $2,000, 4-bedrooms: $2,280. The most common rental property sizes in Katy, TX are 3-bedroom and 2-bedroom, accounting for 35.7% and 20.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,070 |
| Studio Rent | $1,160 | $1,340 |
| 1 Bed Rent | $1,370 | $1,370 |
| 2 Bed Rent | $1,780 | $1,860 |
| 3 Bed Rent | $1,950 | $2,000 |
| 4 Bed Rent | $2,200 | $2,280 |
% of Rental Stock
Property Listings — Katy, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Katy, TX is 42. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $298,000 | -2.0% |
Listing Count | 488 | 25.0% |
| Listings as % of Homes | 0.8% | 25.0% |
Days on Market | 42 | 6.0% |
Demographics — Katy, TX
As of the latest ACS Survey released in 2023, Katy, TX has a population of 123,000, which has remained stable by 0.2% over the past 5 years. Katy, TX is a popular place for families, as children make up 28.9% of the population. The area has a moderately educated workforce, with 28.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 123,000 | 0.2% |
% Under 18 | 28.9% | -5.6% |
% Seniors | 7.6% | 31.0% |
% WFH | 11.4% | 216.7% |
% w/ College Degree | 28.4% | 1.8% |
As of the latest ACS Survey released in 2023, Katy, TX is a predominantly hispanic area, with 49.3% of the population identifying as hispanic. The hispanic population has grown by 6.9% in the last 5 years. The second most common race or ethnicity in Katy, TX is black, making up 20.6% of the population. Foreign-born residents account for 32.0% of the population in Katy, TX, and this percentage has increased by 14.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 19.5% | -25.0% |
% Black | 20.6% | -3.7% |
% Hispanic | 49.3% | 6.9% |
% Asian | 6.1% | 10.9% |
% Foreign Born | 32.0% | 14.7% |
Mortgage and Risk — Katy, TX
According to HUD data as of 2023, there were 1387 mortgage originations in Katy, TX, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Katy, TX. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,387 |
% Conventional Loans | 68.0% |
% Government Loans | 32.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Katy, TX
As of 2024, the percent of homes in Katy, TX under the Section 8 program is 3.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Katy, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 552 |
Total Units Section 8 | 552 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $1,370 | $1,670 |
| 2 Bedroom | $220 | $1,780 | $2,000 |
| 3 Bedroom | $720 | $1,950 | $2,670 |
| 4 Bedroom | $1,160 | $2,200 | $3,360 |
Affordability — Katy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $271,000 |
| Median Household Income | $85,900 |