Housing in Katy, TX is in high demand due to its excellent quality and attractive prices. The median value of a house in Katy is $435,500, which is significantly higher than the US national average of $338,100. The rate of appreciation for houses in Katy over the past year was 11.67%, compared to the US national average of 8.27%. This indicates that real estate investments in Katy are extremely profitable and have been growing steadily over the past year. Thus, it's no surprise that the housing market in Katy has become increasingly popular among buyers looking to invest or purchase a new home.
The median home cost in Katy is $435,500. Home appreciation the last 10 years has been 98.7%. Home Appreciation in Katy is up 21.6%.
Average Age of Homes
- The median age of Katy real estate is 28 years old
The Rental Market in Katy
- Renters make up 25.2% of the Katy population
- 3.8% of houses and apartments in Katy, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.