The story of this market
The typical home in ZIP 77494 sells for about $490,000, or $154 per square foot.
Prices are down 6% from a year ago, which gives buyers more room to negotiate. Homes take about 19 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,660 a month.
ZIP 77494 — Katy
The 77494 housing market shows signs of stabilization with a median sale price of $490,000, though values have seen a slight year-over-year decline. Market activity remains supported by strong demand for family-oriented housing and proximity to Houston's employment hubs. The area continues to balance new construction with existing inventory, maintaining a competitive environment for buyers.
This ZIP is ideal for family buyers seeking high-quality school districts and master-planned community amenities, as well as commuters working in the western Houston corridor.
Median prices moved down 6.0% year over year.
Homes spend a median of 19 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
ZCTA 77494
The area is served by highly-rated public schools within the Katy Independent School District, which is a primary driver for family relocation to the region.
The area experiences significant development momentum as a major suburban expansion of the Houston metropolitan area, characterized by master-planned communities and continued residential construction.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents primarily commute via the I-10 corridor toward the Houston employment core, with travel times varying significantly based on traffic conditions.
The area features extensive master-planned amenities including community parks, walking trails, and proximity to regional shopping centers and golf courses.
The rental market shows a moderate yield profile with a price-to-rent ratio of approximately 24.0x, reflecting a balanced demand between ownership and leasing.
The local economy is anchored by the broader Houston energy and professional services sectors, with significant retail and service-industry employment within the Katy area.
The area continues to see active residential development and master-planned community expansion.
Parcels in this ZIP are frequently subject to MUD (Municipal Utility District) taxes in addition to standard school and county property taxes.
Data sourced from US Census Bureau ZCTA 77494 profiles.
- Typhoon Texas Waterpark Houston4.32.9 mi
- Dewberry Farm4.112.8 mi
- Andretti Indoor Karting & Games Katy4.14.7 mi
- Slick City Action Park4.32.3 mi
- Main Event Stafford4.416 mi
- Topgolf Houston - Katy4.410.9 mi
- Smart Financial Centre at Sugar Land4.315.8 mi
- Dewberry Farm4.112.8 mi
- Andretti Indoor Karting & Games Katy4.14.7 mi
- Fort Bend County Epicenter4.214.7 mi
- Andretti Indoor Karting & Games Katy4.14.7 mi
- Cinemark Katy and XD4.54.3 mi
- Main Event Katy4.33.5 mi
- Star Cinema Grill4.54.7 mi
- AMC Katy Mills 204.22.3 mi
- Seismique4.410.7 mi
- Houston Museum of Natural Science at Sugar Land4.414.7 mi
- Fort Bend Children's Discovery Center4.614.1 mi
- Ismaili Jamatkhana - Houston South4.916.7 mi
- Ismaili Jamatkhana - Houston Headquarters4.915 mi
- Mary Jo Peckham Park4.74.3 mi
- Katy Park4.55.1 mi
- Cullen Park4.48.8 mi
- Jones Creek Ranch Park4.87 mi
- Exploration Park4.75.4 mi
- Topgolf Houston - Katy4.410.9 mi
- The Golf Club at Cinco Ranch43.5 mi
- Pine Forest Country Club4.610.8 mi
- Black Hawk Country Club4.711.3 mi
- Meadowbrook Farms Golf Club3.92.8 mi
- Katy Mills4.42.5 mi
- H-E-B4.65.4 mi
- LaCenterra at Cinco Ranch4.63 mi
- Joe V's Smart Shop4.68.8 mi
- Katy Asian Town4.74.7 mi
- The St. James Restaurant & Cabaret3.829.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major regional outlet shopping mall serving the Katy area.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).