Katy Texas City Guide

Katy has slightly over 18,000 residents. Seeing as the population in 2010 tracked below 13,500, the city experienced a steady population growth between 2010 and 2018. Katy’s estimated 10 year population growth rate is 26.1%, while the annual growth rate is 3.73%.

The city’s population is roughly split 50/50 between male and female residents, seeing as 9,057 residents are women and 9,037 residents are men.

This Texas city’s median age is 39, which is no surprise considering that almost 35% of the population is between 35-54 years old. At roughly 29%, residents under 20 years old comprise the city’s second highest age demographic.

77.5% of Katy residents are White, and 10.4% of the population is Black or African American. 3.5% of residents are biracial or multiracial, and 3.2% of residents are Asian. Another 5.1% of the population belongs to other ethnic backgrounds.

70.1% of the city’s population speaks English alone, and 21.4% of Katy residents speak Spanish. An additional 2% of residents speak an Indo-European language, while almost 1% of the population speaks Chinese, Mandarin, or Cantonese.

18.7% of Katy’s population is foreign born. For context, this percentage tracks slightly over the state’s average and is also over the U.S. average.

Katy students can commute to 52 elementary schools, 26 middle schools, and 19 high schools without leaving the city. Katy’s high school dropout rate is about 12%, which is even with the U.S. average and lower than Texas’s rate of 17%.

Over 88% of residents over 25 are high school graduates, and 20% of residents have some college education. 5.3% of the population has earned an associate’s degree, while almost 35% of residents over 25 hold a bachelor’s degree. Around 13% of the population has a professional degree or a graduate degree.

89% of Katy students go to public schools, while 11% go to private schools.

Katy has an estimated median property value of $215K, which is considered above average relative to the state and notably high on a national level.

45% of properties in Katy are worth between $117K-$233K. 7% of the city’s real estate is more affordable and ranges between $58K-$117K. Additionally, another 5.5% of properties are valued below $58K.

On the other end of the spectrum, 27.7% of Katy properties range between $233K-$350K, and another 7.2% of the city’s real estate varies between $350K-$467K. Another 7.2% of properties range between $467K-$875K. Less than 1% of the city’s real estate is worth above the $875K mark.

Katy real estate appreciation rates generally track high relative to national averages. Specifically between January 2010 and January 2020, real estate in the city appreciated 56.89%, which breaks down into an average annual appreciation rate of 4.61%. Impressively, this rate is among the top 10% nationally.

75.7% of Katy housing options owner-occupied properties, which leaves 24.3% of properties being rented. The vacancy rate generally tracks around 3%.

Less than 1% of the city’s properties were built in or before 1939, and about 11% of Katy housing options were built between 1940-1969. Another 61.1% of the city’s properties were constructed between 1970-1999, and 27.9% of residences broke ground in 2000 or the following years.

About 85.5% of Katy residences are single family detached homes. Another 12.5% of properties are apartment complexes, and 1.2% of residences are smaller apartment buildings. Less than 1% of the city’s housing options are attached residences and condominiums.

To give an idea of size, 12.5% of housing options have 1 bedroom, 6.9% of residences have 2 bedrooms, and 51.8% of properties have 3 bedrooms. 23.7% of Katy residences have 4 bedrooms, and 5.1% of housing options have 5 or more bedrooms.

Katy’s median household income is almost $78K, and the average resident salary is roughly $65K. The city’s per capita income is $32K, which tracks over Texas’s average.

Katy’s unemployment rate is 4.2%, and the city’s overall poverty rate is 6.4%. For quick reference, 8% of the population earns less than $15K each year, while over 10% of residents make between $15K-$25K annually.

Another 13% of the city’s population makes $25K-$35K. 16% of residents earn between $35K-$50K, while almost 15% of residents make between $50K-$65K. Over 20% of the population earns between $65K-$100K annually. Another 16% of Katy residents earn over $100K each year.