Katy, TX Housing Market: Home Prices & Rent
Katy home values since 2000
Last few years
Rent in Katy
Owning vs renting, monthly
Buying the typical Katy home with 20% down at this week's 7.32% 30-year rate costs about $2,229/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,939/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Katy, TX home values have fallen 28 months in a row
- Katy, TX homes are worth 8% less than at the 2022 peak
Katy vs the Houston metro, Texas and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Katy, TX | $330k | -3.2% | $1,939/mo |
| Houston metro | $303k | -1.8% | $1,638/mo |
| Texas | $296k | -1.4% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Katy, TX?
Yes - the typical Katy home value is down 3.2% over the past 12 months, at $330k (September 2026). Values are 8% below their August 2022 peak of $360k.
Is the Katy housing market crashing?
Home values are 8% below their August 2022 peak and down 3.2% over the past year - a gradual decline, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Katy, TX?
Typical rent in Katy is $1,939 a month (September 2026), -1.3% over 12 months.
Is Katy more expensive than the rest of the Houston area?
The typical Katy home ($330k) is 9% above the Houston metro typical of $303k (September 2026).
More of the Houston area
Houston metro housing market · Spring
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Katy, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.