Katy, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Katy Neighborhoods Since 2000




Katy, TX Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Katy Housing Market Information

With 16,158 people, 5,571 houses or apartments, and a median cost of homes of $197,004, 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 77.04% of the city's housing units. Other types of housing that are prevalent in Katy include large apartment complexes or high rise apartments ( 12.34%), mobile homes or trailers ( 5.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.88%).

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 72.37% of Katy's homes, and 74.41% 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 ( 27.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.83%).

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 43.76% over the last ten years, which is an average annual home appreciation rate of 3.70%, 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.

Appreciation rates are so strong in Katy that despite a nationwide downturn in the housing market, Katy real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Katy appreciation rates continue to be some of the highest in America, at 5.98%, which is higher than appreciation rates in 73.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Katy. Katy appreciation rates in the latest quarter were at -0.09%, which equates to an annual appreciation rate of -0.38%.

Relative to Texas, our data show that Katy's latest annual appreciation rate is higher than 50% 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:
$197,004

Katy, TX HOME PRICES

Value Range
> $1,263,000 0.2
$947,001 - $1,263,000 0.2
$631,001 - $947,000 1.8
$505,001 - $631,000 3.4
$379,001 - $505,000 5.2
$253,001 - $379,000 22.1
$126,001 - $253,000 51.5
$63,001 - $126,000 8.8
$0 - $63,000 6.7

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
33.001289112856 17.704280155642

Number Of Homes And Apartments:
5,571

Katy Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
83.66% 3.59% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,293 / per month

Homeownership Rate

Homeownership
Owners 72.37
Renters 27.63
Vacant 2.64

Housing Market Details

 

Age of Homes

AGE OF Katy HOMES
2000 or Newer 27.8
1970 - 1999 62.6
1940 - 1969 8.8
1939 or Older 0.8

Types of Homes

TYPE OF Katy HOMES
Single-Family 77.0
Townhomes 2.6
Small Apt. Buildings 2.9
Apt. Complexes 12.3
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Katy HOMES
No Bedroom 0.00
1 Bedroom 12.60
2 Bedrooms 9.47
3 Bedrooms 46.49
4 Bedrooms 27.93
5 or more bedrooms 3.51