Market Overview
Home Prices in Katy, TX
The median home value in Katy, TX is $338,058 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.5% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Katy are priced18% below average. Katy is part of the Houston-The Woodlands-Sugar Land, TX metro area.
Over the past five years, Katy home values have risen by approximately17.1%, reflecting steady appreciation in this market.
Price History
Katy Home Price Trend
City Comparison
Katy vs. National Median
At $338,058, homes in Katy cost 18% below the national median of $410,000. This makes Katy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Katy?
20% Down Payment
$67,612
on $338,058
Monthly P&I
$1,763/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,239/mo
incl. taxes & insurance
Income Needed
$89,560
gross annual (30% rule)
10% Down Option
$33,806
+ PMI applies
Loan Amount (20% dn)
$270,446
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Katy, TX?
The median home value in Katy is $338,058 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.5% year-over-year.
How much have home prices changed in Katy?
Over the past year, home values in Katy have decreased by 3.5%. Over five years, prices have risen approximately 17.1%.
How much do I need to earn to buy a home in Katy?
To comfortably afford the median home price of $338,058 with a 20% down payment ($67,612) at today's rates (6.8%), you'd need a gross annual income of approximately $89,560. This assumes keeping total housing costs at or below 30% of gross income.
How does Katy compare to the national average home price?
The national median home value is approximately $410,000. At $338,058, homes in Katy are 18% below the national average.
What metro area is Katy part of?
Katy is part of the Houston-The Woodlands-Sugar Land, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.