Katy, Texas.
Typical home $330,372 (-3.2% in a year), asking rent $1,939 (-1.3%). Houston-The Woodlands-Sugar Land, TX metro.
to buy the typical home at today's mortgage rate — +$831 (+92%) since Jan 2020.
- 1 year
- Down $10,889 -3%
- $341,262$330,372 since Sep 2025
- 5 years
- Up $30,728 +10%
- $299,644$330,372 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Katy$1,734
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 36 years.
Typical home values in Katy, TX fell 3.2% over the past year — slower than the nation's +1.2%.
Asking rents in Katy, TX fell 1.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Katy runs $595/mo more than renting one. The gap peaked at $850 in Oct 2023.
That is $2,535 a month against $1,939 rent: a $1,734 mortgage payment, plus $447 property tax and $354 insurance & upkeep.
Owning vs renting — Katy
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,535
- Renting$1,939
- Mortgage only$1,734
Property tax · $447/mo 1.62% of value a year — the ACS 2020-2024 median bill over the median home value for Harris County, TX
Insurance & upkeep · $354/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Katy, Harris County, Texas
Katy is a city of 21,894 people in Harris County. Half its households earn more than $114,912 a year and half less, against $74,983 across Harris County; 8% of its people live below the poverty line. 81% of its homes are lived in by their owners and 19% are rented. Unemployment in Katy was 5.3% in August 2026, and Harris County had 0.5% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Katy is a small city in Harris County where most homes are lived in by their owners, and household incomes run well above the county's. Rents and typical home values are on the high side, and a four-year degree is common among adults. Winters are mild and short, with the coldest days in January still cool rather than freezing, while summers are hot and the year brings a good deal of rain.
Work. Many residents work in schools, hospitals and social care, in shops, in professional and business services, and in the building trades. Katy ISD is the largest workplace in the city, and Walmart and H-E-B are also among the biggest employers. Commutes are fairly long, and a noticeable number of people work from home.
Things to do. The closest big attractions are in Houston, a longer drive away. The Houston Zoo is the one to know for a family day out, and the Museum of Fine Arts, Houston is one of the area's best known art museums. For a ball game, Daikin Park is a stadium in the same part of the region.
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- 7,942households
- 49%of adults have a degree
- 8%below the poverty line
- 31 mintypical commute
- 18%work from home
What residents work in
Employed residents by industry, from the Census survey. Harris County had 2,458,604 jobs in 2025, 0.5% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 64° and lows near 45°; warmest in July, with highs near 95° and lows near 76°. About 50 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Houston Sugarland Mem weather station, 16 miles away (NOAA).
Largest workplaces in Katy
- Katy ISDSchool district12,969FTE
- Optimized Process DesignsPetrochemical plant construction1,497
- Southern Glazers Wine and SpiritsWine and distilled alcoholic beverage merchant wholesalers.462
- WalmartWarehouse clubs and supercenters388
- H-E-BRetail332
- Sonepar USA HoldingsElectrical apparatus and equipment, wiring supplies, and related equipment merchant wholesalers280
- American Furniture WarehouseFurniture stores219
- Aristoi Classical AcademySchool district176FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 26 workplaces with 20 or more staff, 4,255 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- HurricanesRelatively high
- Cold wavesRelatively high
- LightningRelatively high
- DroughtRelatively moderate
- Heat wavesrelatively high in parts of KatyRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Katy’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Harris County and the Houston-The Woodlands-Sugar Land, TX metro.
Katy home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Katy$330,372
- Texas$296,424
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Katy listings, and the typical home goes pending in 48 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Katy33.22%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Katy48
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Katy2,291
New listings per month
Sellers arriving at the market.
- Katy452
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Katy$328,901
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Katy97.75%
Zip codes with a Katy address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Katy — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Katy
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted ascending, activate to sort descending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 77493 | Katy | 71,484 | $2,197 | $335,766 |
| 77450 | Katy | 71,906 | $1,763 | $374,993 |
| 77449 | Katy | 130,028 | $1,809 | $264,942 |
| 77494 | Katy | 140,157 | $1,861 | $478,133 |