Katy, TX—77450
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 $378,000, with a year-over-year change of -1.2%. This indicates that home prices in Katy, TX are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $378,000 | -1.2% |
| Single Family | $379,000 | -1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | -5.6% |
3 Bed | $289,000 | -2.4% |
4 Bed | $416,000 | -1.4% |
| 5 Bed | $635,000 | 0.5% |
% of Housing Stock
Rental Trends — Katy, TX
As of July '25, Rentcast reports the average rent in Katy, TX is $2,410, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Katy, TX is studios: $1,500, 1-bedrooms: $1,310, 2-bedrooms: $1,740, 3-bedrooms: $2,180, 4-bedrooms: $2,870. The most common rental property sizes in Katy, TX are 2-bedroom and 1-bedroom, accounting for 39.2% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,410 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,290 | $1,310 |
| 2 Bed Rent | $1,640 | $1,740 |
| 3 Bed Rent | $2,100 | $2,180 |
| 4 Bed Rent | $2,580 | $2,870 |
% 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 45. This is a increase of 13.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 7.0% |
Listing Count | 247 | 31.0% |
| Listings as % of Homes | 0.5% | 31.0% |
Days on Market | 45 | 13.0% |
Demographics — Katy, TX
As of the latest ACS Survey released in 2023, Katy, TX has a population of 73,200, which has remained stable by -0.6% over the past 5 years. Katy, TX is a popular place for families, as children make up 27.8% of the population. The area has a highly educated workforce, with 52.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 73,200 | -0.6% |
% Under 18 | 27.8% | 1.8% |
% Seniors | 12.3% | 17.1% |
% WFH | 16.0% | 171.2% |
% w/ College Degree | 52.6% | 0.8% |
As of the latest ACS Survey released in 2023, Katy, TX is a predominantly white area, with 52.8% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Katy, TX is hispanic, making up 22.3% of the population. Foreign-born residents account for 26.1% of the population in Katy, TX, and this percentage has decreased by 11.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 52.8% | -2.9% |
% Black | 7.4% | 29.8% |
% Hispanic | 22.3% | -6.7% |
% Asian | 12.0% | -11.1% |
% Foreign Born | 26.1% | -11.8% |
Mortgage and Risk — Katy, TX
According to HUD data as of 2023, there were 733 mortgage originations in Katy, TX, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Katy, TX. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 733 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Katy, TX
As of 2024, the percent of homes in Katy, TX under the Section 8 program is 0.7%. 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 | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,290 | $1,580 |
| 2 Bedroom | $250 | $1,640 | $1,890 |
| 3 Bedroom | $420 | $2,100 | $2,520 |
| 4 Bedroom | $590 | $2,580 | $3,170 |
Affordability — Katy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $378,000 |
| Median Household Income | $106,000 |