Katy, TX—77493
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 $347,000, with a year-over-year change of -3.5%. This indicates that home prices in Katy, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $347,000 | -3.5% |
| Single Family | $347,000 | -3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | -1.9% |
3 Bed | $292,000 | -4.6% |
4 Bed | $368,000 | -3.7% |
| 5 Bed | $479,000 | -2.8% |
% of Housing Stock
Rental Trends — Katy, TX
As of July '25, Rentcast reports the average rent in Katy, TX is $2,440, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Katy, TX is studios: $1,590, 1-bedrooms: $1,400, 2-bedrooms: $1,820, 3-bedrooms: $2,280, 4-bedrooms: $2,680. The most common rental property sizes in Katy, TX are 4-bedroom and 3-bedroom, accounting for 33.6% and 27.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,370 | $2,440 |
| Studio Rent | $1,590 | $1,590 |
| 1 Bed Rent | $1,420 | $1,400 |
| 2 Bed Rent | $1,840 | $1,820 |
| 3 Bed Rent | $2,250 | $2,280 |
| 4 Bed Rent | $2,550 | $2,680 |
% 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 3.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $387,000 | -5.0% |
Listing Count | 1,240 | 29.0% |
| Listings as % of Homes | 3.5% | 29.0% |
Days on Market | 45 | 3.0% |
Demographics — Katy, TX
As of the latest ACS Survey released in 2023, Katy, TX has a population of 62,300, which has increased by 93.0% over the past 5 years. Katy, TX is a popular place for families, as children make up 32.6% of the population. The area has a moderately educated workforce, with 44.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 62,300 | 93.0% |
% Under 18 | 32.6% | 14.8% |
% Seniors | 7.7% | -23.0% |
% WFH | 17.0% | 188.1% |
% w/ College Degree | 44.4% | 39.2% |
As of the latest ACS Survey released in 2023, Katy, TX is a predominantly white area, with 35.9% of the population identifying as white. The white population has shrunk by 28.6% in the last 5 years. The second most common race or ethnicity in Katy, TX is hispanic, making up 32.6% of the population. Foreign-born residents account for 21.2% of the population in Katy, TX, and this percentage has increased by 6.0% 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 | 35.9% | -28.6% |
% Black | 15.1% | 73.6% |
% Hispanic | 32.6% | -7.4% |
% Asian | 11.8% | 210.5% |
% Foreign Born | 21.2% | 6.0% |
Mortgage and Risk — Katy, TX
According to HUD data as of 2023, there were 3096 mortgage originations in Katy, TX, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Katy, TX. Investor activity is low, as 5.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 3,096 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 5.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Katy, TX
As of 2024, the percent of homes in Katy, TX under the Section 8 program is 3.2%. 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 | 323 |
Total Units Section 8 | 323 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $1,420 | $1,640 |
| 2 Bedroom | $120 | $1,840 | $1,960 |
| 3 Bedroom | $360 | $2,250 | $2,610 |
| 4 Bedroom | $740 | $2,550 | $3,290 |
Affordability — Katy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $347,000 |
| Median Household Income | $113,000 |