Real Estate Market Update for 77450 (Katy, TX)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 32% from one year earlier, and down 12% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 13%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 270-thousand dollars. The number of units sold decreased 4% year-over-year, and increased 29% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 77450 (Katy, TX)
Area Information for 77450 (Katy, TX)
  • Population: 73,702
  • Median Age: 36.06 yr
  • Median Commute Time: 31.24 mins
  • Educational Climate*: 5
  • Sales Tax: 6.25%
  • Population Density: 3,622/sq mi
  • Population Change Since 2000: 54.61%
  • Closest Airport: William P Hobby
  • Closest College: Rice University
  • Closest Jr. College: Remington College-houston
  • Median Household Income: $98,703
  • Annual Residential Turnover: 18.56%
  • Median Years in Residence: 3.67 yr
  • Median Home Sales Price: $187,500
  • Closest Major Sports Team: Texans
  • Change Avg. Household Income Since 2000: 17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 77450 (Katy, TX)
Median Age: 36.06 Married: 38% Number of Households: 25,554 Households with Children: 12,558
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 77450 (Katy, TX)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Memorial Parkway Elementary School 0.4 mi Public PRESCHOOL-5 3 4
      Memorial Parkway Junior High School 0.9 mi Public 6-8 4 4
      Jeanette Hayes Elementary School 1.0 mi Public PRESCHOOL-5 5 5
      Primrose School Of Cinco Ranch 1.1 mi Private PRESCHOOL-1 0 0
      Child's Play Learning Center Inc 1.2 mi Catholic PRESCHOOL-PRESCHOOL 0 0
      Cimarron Elementary School 1.2 mi Public PRESCHOOL-5 4 4
      West Memorial Junior High School 1.3 mi Public 6-8 3-5 4
      West Memorial Elementary School 1.4 mi Public PRESCHOOL-5 4 4
      Primrose School Of Kelliwood 1.4 mi Private PRESCHOOL-1 0 0
      Crosspoint Christian School 1.4 mi Private PRESCHOOL-K 0 0
      St Peters Early Childhood Development Center 1.5 mi Private PRESCHOOL-PRESCHOOL 0 0
      Taylor High School 1.5 mi Public 9-12 4-5 4
      Cinco Ranch Montessori 1.7 mi Private PRESCHOOL-K 0 0
      Garland Mcmeans Junior High School 1.7 mi Public 6-8 5 4
      Nottingham Country Elementary School 1.7 mi Public PRESCHOOL-5 4-5 5
      Joella Exley Elementary School 1.9 mi Public PRESCHOOL-5 4-5 4
      Hazel S Pattison Elementary School 2.2 mi Public PRESCHOOL-5 5 4
      James E Williams Elementary School 2.3 mi Public K-5 5 5
      Rodger & Ellen Beck Junior High School 3.3 mi Public 6-8 5 4
      Sue Creech Elementary School 3.4 mi Public PRESCHOOL-5 5 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 77450 (Katy, TX)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.