Is Katy, TX a good place to invest in rental property?

Katy, TX has a median modeled monthly cash flow of $-953 and a median cap rate of 3.3%, on a median sold price of $359,990. Prices changed -2.3% year over year.

What is the average cap rate in Katy, TX?

The median cap rate across recently sold homes in Katy, TX is 3.3%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Katy, TX?

The median sold price in Katy, TX is $359,990 (about $171 per square foot).

Investing in Katy, TX Real Estate

A data-driven snapshot of the Katy, TX rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$359,990Median sold price

$171Median $/sqft

3.3%Median cap rate

$-953Modeled cash flow / mo

-2.3%Appreciation YoY

11.4Months of supply

5,532Active listings

5,818Sold (last 12 mo)

What the Katy numbers say

In Katy, TX, the median home sold for $359,990 (about $171 per square foot), and the typical deal models out to a 3.3% cap rate with a median $-953 of monthly cash flow. Sold prices moved -2.3% over the past year. Inventory sits at about 11.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 104 fix-and-flip deals in Katy — listings where the estimated after-repair value beats list price + rehab.

Other Texas markets to compare

See Katy cash-flowing listings

CashFlowRE ranks every for-sale home in Katy, TX by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Katy deals, or browse the national market data.