Home Price Key
Affordable
Average
Expensive
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 $288,251, higher than the Texas average of $235,268.
The average cost of rent is $1,795/mo in Katy, primarily driven by the current value of real estate in the Katy area. While nearly 31.26% of residents own their homes outright in Katy, 24.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Katy is $9,649 per month. Households that rent pay about 18.61% of their income on rent here. Katy's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Cinco Ranch, TX: higher priced homes
- Fulshear, TX: higher priced homes
- Mission Bend, TX: less expensive homes
- Brookshire, TX: less expensive 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: less expensive homes
- Morgantown, WV: less expensive homes
- Montgomery, AL: less expensive homes
- Newark, NJ: equally 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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