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These days, finding an affordable place to live in the Katy area can be challenging. Home prices in Katy are now at a median cost of $367,388, higher than the Texas average of $322,096.
The average cost of rent is $2,113/mo in Katy, primarily driven by the current value of real estate in the Katy area. In Katy, 28.74% of households rent, and 34.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Katy is $10,428 per month. Households that rent pay about 20.27% of their income on rent here. Katy’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cinco Ranch, TX: higher priced homes
- Fulshear, TX: higher priced homes
- Mission Bend, TX: less expensive homes
- Brookshire, TX: equally priced homes
- Sunny Side, TX: less expensive homes
- Richmond, TX: equally priced homes
- Pecan Grove, TX: higher priced homes
- Weston Lakes, TX: higher priced homes
- Pattison, TX: less expensive homes
- Jersey Village, TX: less expensive homes
Cities with Similar Populations
- New Haven, CT: equally priced homes
- Myrtle Beach, SC: equally priced homes
- Morgantown, WV: less expensive homes
- Montgomery, AL: less expensive homes
- Newark, NJ: higher priced homes
- Newark, DE: equally priced homes
- New York, NY: higher priced homes
- Muncie, IN: less expensive homes
- New Orleans, LA: less expensive homes
- Norfolk, VA: less expensive homes
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