Katy, TX—77494
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 $486,000, with a year-over-year change of -1.6%. 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 | $486,000 | -1.6% |
| Single Family | $487,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $354,000 | -3.3% |
3 Bed | $362,000 | -2.7% |
4 Bed | $486,000 | -1.6% |
| 5 Bed | $692,000 | -1.0% |
% of Housing Stock
Rental Trends — Katy, TX
As of July '25, Rentcast reports the average rent in Katy, TX is $2,590, with a year-over-year rent change of 2.4%. Per bedroom, the median rent as of July '25 in Katy, TX is studios: $1,500, 1-bedrooms: $1,450, 2-bedrooms: $1,930, 3-bedrooms: $2,390, 4-bedrooms: $2,990. The most common rental property sizes in Katy, TX are 4-bedroom and 1-bedroom, accounting for 25.5% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,590 |
| Studio Rent | $1,210 | $1,500 |
| 1 Bed Rent | $1,430 | $1,450 |
| 2 Bed Rent | $1,860 | $1,930 |
| 3 Bed Rent | $2,300 | $2,390 |
| 4 Bed Rent | $2,800 | $2,990 |
% 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 48. This is a increase of 14.0% 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 | $529,000 | -1.0% |
Listing Count | 612 | 45.0% |
| Listings as % of Homes | 0.7% | 45.0% |
Days on Market | 48 | 14.0% |
Demographics — Katy, TX
As of the latest ACS Survey released in 2023, Katy, TX has a population of 137,000, which has increased by 19.3% over the past 5 years. Katy, TX is a popular place for families, as children make up 32.1% of the population. The area has a highly educated workforce, with 66.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 137,000 | 19.3% |
% Under 18 | 32.1% | -3.9% |
% Seniors | 9.0% | 25.0% |
% WFH | 22.5% | 257.1% |
% w/ College Degree | 66.3% | 5.9% |
As of the latest ACS Survey released in 2023, Katy, TX is a predominantly white area, with 38.8% of the population identifying as white. The white population has shrunk by 19.8% in the last 5 years. The second most common race or ethnicity in Katy, TX is hispanic, making up 24.7% of the population. Foreign-born residents account for 38.7% of the population in Katy, TX, and this percentage has increased by 23.2% 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 | 38.8% | -19.8% |
% Black | 8.4% | 0.0% |
% Hispanic | 24.7% | 14.4% |
% Asian | 23.7% | 20.9% |
% Foreign Born | 38.7% | 23.2% |
Mortgage and Risk — Katy, TX
According to HUD data as of 2023, there were 1640 mortgage originations in Katy, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Katy, TX. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,640 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Katy, TX
As of 2024, the percent of homes in Katy, TX under the Section 8 program is 1.0%. 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 | 236 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $490 | $1,430 | $1,920 |
| 2 Bedroom | $430 | $1,860 | $2,290 |
| 3 Bedroom | $750 | $2,300 | $3,050 |
| 4 Bedroom | $1,050 | $2,800 | $3,850 |
Affordability — Katy, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $486,000 |
| Median Household Income | $146,000 |