Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 25,253 people, 6,993 houses or apartments, and a median cost of homes of $367,090, Katy real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Katy, accounting for 86.39% of the city's housing units. Other types of housing that are prevalent in Katy include large apartment complexes or high rise apartments ( 5.87%), duplexes, homes converted to apartments or other small apartment buildings ( 3.59%), and a few row houses and other attached homes ( 2.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Katy. Owner-occupied housing accounts for 78.80% of Katy's homes, and 71.24% have either three or four bedrooms, which is average sized relative to America.
Katy homes and real estate are some of the newest in America. 53.51% of Katy's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Katy real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.44%), and between 1940-1969 ( 7.11%).
Appreciation rates for homes in Katy have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.24%, which ranks in the top 50% nationwide. This equates to an annual average Katy house appreciation rate of 6.86%.
NeighborhoodScout's data show that during the latest twelve months, Katy's appreciation rate, at 5.64%, has been at or slightly above the national average. In the latest quarter, Katy's appreciation rate has been 1.69%, which annualizes to a rate of 6.92%.
Relative to Texas, our data show that Katy's latest annual appreciation rate is higher than 80% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Katy differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Katy - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Katy real estate investment or home purchase decisions.
$367,090
for Texas
for nation
6,993
$1,859 / per month