Katy · Texas 77494, 77493, 77450, 77449
Katy is one name covering four markets. Median owner-reported home values run from $476,200 in 77494 down to $255,900 in 77449, a spread of $220,000 inside the same town, and the district that everyone moves here for crosses three county lines. Tom Stallings has worked this corridor since 2000 at every price tier in it, from a first purchase near $295,000 to a gated-community property at roughly $1,500,000, and this page is what he checks before a number goes on anything.
REALTOR® · ABR · CRS · SRES · TREC #480133-SA · Licensed since 2000
This Area
Harris, Fort Bend and Waller counties, organised by I-10 and the Grand Parkway.
Katy began as a railroad town. The name comes from the Missouri-Kansas-Texas line, whose nickname was K-T, and the heritage buildings on First Street predate every master plan around them by roughly a century. What happened after is one of the largest suburban build-outs in Texas: Cinco Ranch alone covers about 8,092 acres, and the corridor now spreads across four ZIP codes in three separate counties.
Those four ZIPs are the first thing to understand, because they are not variations on a theme. On the Fort Bend side, 77494 shows a median household income of $148,720 and a median owner-reported home value of $476,200. On the eastern Harris County side, 77449 shows $87,808 and $255,900. In between, 77450 is the established section with a median year of construction of 1994, and 77493 is the northern growth area at 2014. A twenty-year gap in build age and a $220,000 gap in value, all under one name.
The community layer sits underneath that. Cinco Ranch in the 77450 section carries a median near $565,000 with about 40.5 days on market. New construction in Elyson has started as low as the $230,000s. Cimarron and Governors Place trade between roughly $270,000 and $400,000 with the same district assignments. Grand Lakes tops the established ladder near $650,000, and Avalon at Seven Meadows reaches past $700,000. Comparing any of these to a corridor-wide median produces a number that describes none of them.
Katy ISD is the reason most buyers start here, and it deserves a precise rather than a promotional description. It holds an A+ grade from Niche and has ranked first among Houston-area districts in that publication's rankings, which is one organisation's methodology and changes annually. Two practical facts matter more: the district spans three counties, and the district boundary is not the same shape as the Katy city limits, so a Katy mailing address does not guarantee Katy ISD. Assignment is set by exact address and the district rezones as campuses open.
The employment case is the part that holds this market up. The Energy Corridor, the nearest major employment center, runs office vacancy near 7.4 percent against roughly 24 percent for Houston overall, with BP, Shell and Wood embedded in west Houston. That is a durable, recurring source of demand rather than a speculative one, and it is the structural reason Katy's price floor sits where it does.
The honest part: flood designation here is technical and it matters. The difference between Zone X and AE changes insurance cost, lender requirements and resale, and older neighbourhoods sometimes sit in zones that newer infrastructure has partly mitigated, or the reverse. All of it is knowable before you write. Pull the current FEMA designation for the exact address, read the elevation certificate, and price the answer in rather than discovering it at the option deadline.
Market Snapshot
Inventory at a multi-year high and a visible gap between asking and closing.
The distance between those first two tiles is the whole story. Sellers are still setting asking prices from last year's comparables and closing near the metro median, which held around $345,000 in the same month. More than a third of Katy listings have taken at least one reduction, and active inventory was up roughly 10 percent year over year. Buyers have more room here than at any point in several years.
That is a normalisation, not a decline. Population growth continues, Energy Corridor employment is stable at 7.4 percent office vacancy, and the Grand Parkway work has widened the practical commuting radius rather than narrowing it. For a well-priced, well-located home with a clean flood history, the long-term case is intact.
What it changes is strategy. For a seller, months of inventory in your specific community matters more than any corridor median, and the opening number has to reflect where the market is rather than where it was. For a buyer, this is a market that rewards patience and a written offer strategy, because the well-positioned homes in the $300,000 to $700,000 core band still draw competition even while everything around them sits.
These figures are recent and they shift month to month, and they vary enormously by ZIP and by community. Ask Tom for a current, address-level read before you price a house or write an offer on one.
Local Authority Deep-Dive
Grouped by theme, every one grounded in a named community, campus, employer or figure.
Whether a client is buying their first home near $295,000 or positioning a luxury property at $1,500,000, the strategy is built for that tier. It is not recycled from a one-size-fits-all playbook, because each price band in this corridor has its own inventory, its own buyer psychology and its own negotiation culture.Tom Stallings, REALTOR®, McCallum Realty
About Tom Stallings
Tom Stallings was licensed by the Texas Real Estate Commission in 2000 and joined the National Association of REALTORS® the same year. He works the greater Houston region from a McCallum Realty office in Cypress, and he has lived in west Harris County since 1989, raising his family across the same roads he now sells along. Katy has been part of his practice for the whole of it.
What separates his Katy work is tier range. Roughly 70 percent of transactions in this corridor land between $300,000 and $700,000, and that is where most of his volume sits. But he has also closed at the entry end near $295,000 and at the top of this market at approximately $1,500,000, a gated-community property with lake views from three sides. Representing at that level demands a different skill set than mainstream transaction work, and having done both is what lets him tell a client honestly what to expect at whichever tier they are entering.
He holds the ABR for buyer representation, earned in 2004, the CRS for advanced residential practice, earned in 2018, and the SRES for the financial and legal questions that accompany a later-life move, earned in 2022. He reads flood designations and elevation certificates rather than glancing at them, tracks rezoning announcements and builder activity alongside MLS data, and monitors contract fallouts as well as closings, because fallouts reveal friction that aggregate figures hide.
He caps his active client list at no more than seven at a time. Every client works directly with him rather than a junior associate or a coordinator standing in as the relationship, and difficult news arrives by phone or in person while there is still a window to act on it.
Why Tom For This Area
Entry near $295,000 through a gated-community close at roughly $1,500,000. Each band has its own inventory dynamics and negotiation culture, and the strategy you get is built for yours.
Zone X against AE, elevation certificates, and the neighbourhoods where newer infrastructure has changed the picture since the map was drawn. Read, not glanced at.
Katy ISD spans three counties and its boundary is not the Katy city limits. He confirms the assignment for the exact property before it becomes the reason you chose the house.
A hard cap on active clients, so the person reading a MUD rate or a county line is the person you hired. ABR, CRS and SRES, earned in 2004, 2018 and 2022.
Questions
Start with the ZIP, because the four behave like four markets. 77494 on the Fort Bend side carries the highest incomes and home values, with a median owner-reported value of $476,200. 77450 is the established section built around 1994, home to Cinco Ranch's original phases. 77493 is the northern growth area with a median year built of 2014 and most of the current construction. 77449 on the eastern Harris County side is the most affordable at $255,900. After that it is community by community, because Cinco Ranch near $565,000 and Elyson starting in the $230,000s are not the same purchase in any respect. Tom walks the ZIP and the community before you tour, not after.
Buyers have more leverage than at any point in several years. Active listings were up roughly 10 percent year over year in June 2026, days on market sat near 41, and more than a third of Katy listings have taken at least one price reduction. The gap between the $389,999 median list price and the $337,250 median sold price tells you sellers are still starting from last year's comparables. That is a normalisation from an unsustainable pace, not a structural decline. For a well-priced, well-located home with a clean flood history, the case holds: population growth continues, Energy Corridor employment is stable, and the infrastructure work underway expands access rather than restricting it.
Because it is the corridor's primary demand driver. Katy ISD holds an A+ grade from Niche and has been ranked the top district in the Houston area in that publication's rankings, though rankings are one organisation's methodology and change annually. Two practical things matter more than the ranking. First, the district spans Harris, Fort Bend and Waller counties, and the district boundary is not the same shape as the Katy city limits, so a Katy mailing address does not guarantee Katy ISD. Second, the district rezones as new campuses open. Verify the assignment at txschools.gov by exact address before it becomes the reason you chose the house.
About 70 percent of Katy transactions land between $300,000 and $700,000, and in that band you are typically looking at an updated three or four bedroom home of 2,500 to 4,000 square feet, often with a pool. Below roughly $300,000 you are in starter homes and properties needing updates, still inside Katy ISD assignments in communities like Cimarron and Governors Place. Above roughly $600,000 the market shifts to estate-style homes on larger lots, custom builds and gated communities, running to around $1,500,000. Tom has closed in all three tiers, and each one negotiates differently.
Less bad than the distance suggests, and it depends heavily on which ZIP you land in. The Energy Corridor is the nearest major employment center to Katy and it remains one of the strongest suburban office submarkets in the country, with vacancy near 7.4 percent against roughly 24 percent for Houston overall. In 77450, closest in, 25.5 percent of workers travel 45 minutes or more each way. In 77493 that rises to 35.1 percent. Remote and hybrid work has also changed the calculation for a large share of buyers here, with 23.8 percent of 77494 workers reporting they work from home. Drive your actual route at your actual departure time before you commit to a community.
He has worked this corridor since 2000 across every price tier in it, from a first purchase near $295,000 to a gated-community property at roughly $1,500,000, which means the strategy you get is built for your tier rather than recycled from a different one. He tracks the things that move Katy values before they reach closed-sale data: rezoning announcements, builder activity, Grand Parkway work and Energy Corridor absorption. He reads flood designations and elevation certificates rather than glancing at them. And he caps his active client list at seven, so the person who catches a county line or an attendance boundary is the person you hired. Licensed by TREC since 2000, with the ABR, CRS and SRES designations.
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