Katy and why its a good idea to move there

Katy is a suburb of Houston with a population of 17,265. Katy is in Harris County and is one of the best places to live in Texas. Many families and young professionals live in Katy. The public schools in Katy are highly rated. The nearest major airport is George Bush Intercontinental Airport. Katy was first known as Cane Island. The name Katy may have been taken from the name Missouri, Kansas and Texas Railroad or from the name of the saloonkeeper's wife. Katy is one of the safest places to live in. The chances that a person will become a victim of a violent crime in Katy; such as armed robbery, aggravated assault, rape or murder; is 1 in 321. This equates to a rate of 3 per one thousand residents.

Purchasing a home is every American’s dream and can be a good asset.  It can also be an intimidating task. Many are unaware of the additional items needed, besides money when purchasing a home.

When buying a house in Katy, Texas, pay attention to MUD (Municipal Utility District) taxes. They’re very high in newer construction homes because the infrastructure needs to be built. Old Katy located North will be less expensive, especially if not in a main planned community.

The lower average home value in Katy is $247,600. Katy home values have declined -0.6% over the past year and it is predicted that they will fall -0.8% within the next year. The median list price per square foot in Katy is $122, which is lower than Houston-The Woodlands-Sugar Land Metro average of $123. The higher end price of homes currently listed in Katy is $314,595. The median rent price in Katy is $1,750, which is higher than the Houston-The Woodlands-Sugar Land Metro median of $1,650. The median list price in Katy was a less than 1% change from July to August. Katy's home resale inventories are 1,179 which increased 2 percent since July 2019.  

The total minimum amount needed to purchase a home would be approximately $16,000-$19,000. If you purchase a home for less than $200,000, then your total cost will be less. There are also down payment assistance programs which will grant you money towards your down payment or closing costs. These may be income restricted and require certain debt to income ratios. Realtors will help you to get through this. This maybe an easier way to buy a home in Katy, Texas.