Real Estate Investing in Katy, Texas (77493)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77493 (Katy, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
No major risk flags on the data we track.
What’s happening in Katy, TX (77493)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77493 Katy
This part of Harris County is not an easy win. The 77493 ZIP shows softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On the rental side, the numbers look inviting — $343K purchase price, 0.0% nominal cap — the work to hit that pro forma in 77493 is substantial and deserves full respect.
Nearby ZIPs in Katy have seen price recovery that 77493 has not matched. Harris County data supports the view that the spread is structural rather than temporary.
A significant renter share of 18% in 77493 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 77493 is an operator game, not a passive one. Put differently, entry prices of $343K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Katy:
Property Strategy for 77493
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $255,755 | $2,030 | 5.7% | +7.1% | $127,878 |
| 3BR | $292,023 | $2,730 | 6.7% | +5.4% | $97,341 |
| 4BR | $367,912 | $3,410 | 6.7% | +5.8% | $91,978 |
| 5BR | $479,406 | — | — | +6.8% | $95,881 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77493 Compare?
| Metric | 77493 | Katy | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $342,654 | $370,831 | N/A | $297,000 |
| 5-Year CAGR | 2.6% | 3.9% | N/A | 5.4% |
| Avg Rent | $2,218 | $1,955 | N/A | - |
| Cap Rate | 5.1% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77493 (Katy, TX). Anonymous, moderated, never written by AI.
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Property managers serving Harris County
Manage rentals here? List your business →SBB Community Management provides Texas HOA management services, including financial management, property maintenance, and technology solutions, serving Dallas, Fort Worth, and Houston since 1974. summary from their website
KPM Property Management offers end-to-end solutions including pre-acquisition due diligence, on-site property management, and development of townhomes in the Houston area. summary from their website
SBB Community Management provides Texas HOA management services for homeowners associations, condominium associations, and master-planned communities across Dallas, Fort Worth, and Houston. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $342,654 |
| Monthly Rent | $2,218 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -1.7% ▼ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +3.6% ▲ |
🏠 Rent Trends
| 1-Year | -0.4% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | +3.0% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 77493
Population: 62,264
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 77493
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is the best play in Katy, TX?
Investors usually favor careful cash-flow rentals with hands-on management in Katy, TX. With home values at $343K and rents near $2,218/mo, other strategies can work but produce reliable rather than outsized returns.
What is the typical rental rate in Katy, TX?
Rents in Katy, TX run near $2,218/mo. Compared with median home prices of $343K that produces solid gross yields for typical rentals.
What kind of tenants rent in Katy, TX?
The tenant pool in Katy, TX is solid, supported by local employment and population fundamentals. Rents of $2,218/mo are well-absorbed by the market.
What does house hacking look like in Katy, TX?
Katy, TX is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $343K price point reasonable to enter.
Do landlords face vacancy issues in Katy, TX?
Vacancy in Katy, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,218/mo.
You know 77493 now. You don’t know where it ranks.
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How 77493 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
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