Katy, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Katy, TX Real Estate Data


Katy Housing Market Information

With a population of 16,158, 5,292 total housing units (homes and apartments), and a median house value of $218,744, Katy real estate is some of the most expensive in Texas, although Katy home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Katy, accounting for 79.20% of the city's housing units. Other types of housing that are prevalent in Katy include large apartment complexes or high rise apartments ( 11.97%), mobile homes or trailers ( 4.60%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.33%).

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 73.19% of Katy's homes, and 72.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Katy built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Katy built between 2000 and later ( 24.94%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.15%).

Katy Home Appreciation Rates

In the last 10 years, Katy has experienced some of the highest home appreciation rates of any community in the nation. Katy real estate appreciated 48.38% over the last ten years, which is an average annual home appreciation rate of 4.03%, putting Katy in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Katy definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Katy appreciation rates have trailed the rest of the nation. In the last twelve months, Katy's appreciation rate has been 4.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Katy were at 1.83%, which equates to an annual appreciation rate of 7.53%.

Relative to Texas, our data show that Katy's latest annual appreciation rate is lower 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.

Average Home Values

 

Median Home Value:
$218,744

Katy, TX HOME PRICES

Value Range
> $1,338,000 0.2
$1,003,001 - $1,338,000 0.3
$669,001 - $1,003,000 1.2
$535,001 - $669,000 2.9
$401,001 - $535,000 4.6
$267,001 - $401,000 18.0
$134,001 - $267,000 56.8
$67,001 - $134,000 11.2
$0 - $67,000 4.6

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
28.8341043508813 14.0776699029126

Number Of Homes And Apartments:
5,292

Rent & Ownership

 

Average Market Rent:
$1,280 / per month

Homeownership Rate

Homeownership
Owners 73.19
Renters 26.81
Vacant 3.11

Housing Market Details

 

Age of Homes

AGE OF Katy HOMES
2000 or Newer 24.9
1970 - 1999 64.9
1940 - 1969 9.2
1939 or Older 1.0

Types of Homes

TYPE OF Katy HOMES
Single-Family 79.2
Townhomes 1.9
Small Apt. Buildings 2.3
Apt. Complexes 12.0
Mobile Homes 4.6
Other 0.0

Home Size

SIZE OF Katy HOMES
No Bedroom 0.00
1 Bedroom 10.31
2 Bedrooms 11.15
3 Bedrooms 45.72
4 Bedrooms 27.11
5 or more bedrooms 5.71

Katy Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
82.90% 3.62% 7 9
* 10 is highest