Katy, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Katy, Texas rental market.
Highlights
An apartment for rent in Katy, Texas typically goes for $1,595 per month, while a single-family home for rent in Katy, Texas has a monthly cost of around $2,098. Renter-occupied units make up 21% of the local housing market, while the rental vacancy rate in Katy, Texas is at 17.4.
Katy, Texas
Average Apartment Rent
$1,595
Y-o-Y Change in Average
Apartment Rent
0.9%
Average Single-Family Rent
$2,098
As of November 2024
Compared to a year ago, Katy, Texas apartments have recorded a 0.9% rent increase.
Katy, Texas Average apartment rent trend
Katy, Texas Average Apartment Rent
Katy, Texas Apartment rent ranges
At 44.77%, apartments priced $1,000 - $1,500 represent the bulk of Katy, Texas rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.07%.
Katy, Texas Housing tenure**
Renters take up 21% of Katy, Texas real estate, occupying a total of 1,441 units, while homeowners live in 5,552 properties.
Median number of rooms of renter-occupied housing units**
5.3
Renter median household income**
$51,282
Average household size of renter-occupied housing units**
3.27
Rental vacancy rate**
17.4%
Katy, Texas Renter-occupied housing units by no. of bedrooms**
There are 669 rentals in Katy, Texas with 2 beds making up the highest share of the market, at 46%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 12 units. Overall, the median number of rooms in Katy, Texas homes for rent is 5.3.
Katy, Texas Renter-occupied units by age of householder**
Most condos for rent in Katy, Texas are occupied by residents in the 45 - 54 years age group (34%), followed by those in the 25 - 34 years age group (26%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 1%.
Katy, Texas Renter-occupied housing units by family type**
Katy, Texas Renter-occupied housing units by the presence of own children**
A total of 1,084 apartments for rent in Katy, Texas, or 75% of all rentals are family households. Additionally, 52% of rental homes include children under the age of 18 – that’s 746 units. All in all, the median size of a renter-occupied household in Katy, Texas is 3.27.
Katy, Texas Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 26% of the homes for rent in Katy, Texas.
Katy, Texas Renter-occupied units by year structure built**
The highest share of Katy, Texas apartment rentals, namely 33% or 469 units, were Built 2010 - 2019, followed by those Built 1980 - 1989 (20%, 282 units), and the ones Built 1970 - 1979 (16%, 232 units).
Katy, Texas Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Katy, Texas renters (51%) moved in 2010 to 2017, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Katy, Texas condos for rent is 2017.
Katy, Texas Renter-occupied housing units by vehicles available**
When it comes to transportation options, 38% of Katy, Texas renters have 1 vehicle available per household, 32% of them have 2 vehicles available, and 14% have 3 vehicles available.
Katy, Texas Means of transportation to work of householders living in renter-occupied housing units**
Katy, Texas Geographical mobility in the past year for householders living in renter-occupied housing units**
Katy, Texas Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Katy, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
