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3016 Iron Woods Dr
D+ Composite 47.28
Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +15.4/30.0
  • ARV discount +10.8/15.0
  • 1% rule +6.0/10.0
  • DSCR +4.7/10.0
  • Livability +3.8/5.0
  • Rent growth +2.3/5.0
  • Condition / age +2.2/5.0
  • Schools +2.0/10.0
  • Appreciation +0.0/10.0

$289,000

3016 Iron Woods Dr · Katy, TX 77493
5 bd · 2.5 ba · 2,586 sqft · SingleFamily public records · 35 Days on market
Built 2020 Fair condition 5,580 sqft lot $112/sqft · 7% below area Est $312k · 7% under $33/mo HOA · 1% of rent

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

Key facts

  • Private backyard
  • Low-maintenance turf
  • Modern kitchen

Tags

OPEN-CONCEPT LAYOUTMODERN KITCHENPRIVATE BACKYARDLOW-MAINTENANCE TURFPATIO SPACESTORAGE SHEDS

Property features AI

Finance

  • HOA & community: Freeman Ranch HOA with an annual fee of $400

Exterior

  • Parking: Attached garage with garage door opener; 2-car garage
  • Utilities: Public water; Public sewer
  • Home design: Residential property; Built in 2020; Slab foundation; Brick and vinyl siding exterior; Composition roof
  • Construction: Built in 2020; Brick and vinyl siding construction; Composition roof; Slab foundation
  • Exterior features: Deck; Fence (back yard); Hot tub/spa (exterior spa/Hot Tub listed); Porch; Patio; Outdoor storage / shed(s)

Interior

  • Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Pantry; Breakfast bar
  • Bedrooms: Primary bedroom on the first floor (20 x 18); Four additional bedrooms on the second floor (approx. 15 x 14, 14 x 13, 14 x 13, 13 x 12)
  • Flooring: Carpet; Laminate
  • Bathrooms: Two full bathrooms; One half bathroom
  • Heating & cooling: Central heating (electric); Central air conditioning (electric)
  • Interior features: Breakfast bar; High ceilings; Hot tub/spa (interior access noted); Primary bedroom with attached bath; Pantry; Soaking tub; Separate shower; Tub/shower combination; Ceiling fans
  • Laundry & utility: Washer hookup; Electric dryer hookup

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 5-bed/2.5-bath single-family listed at $289k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $110 ($1k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $289k).
  • Recommended offer: $280k (3.0% below list) — sets the bar for market timing.
  • Cap rate 6.8% vs local median 3.0% in Katy — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 76/100 on livability (#111 in TX, #3,613 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: crime C-, amenities D, commute F.
  • Royal ISD (rural): math 23% / reading 23% proficiency, ranked #744 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 77% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Royal H S (math 17% / reading 26%, grade F, #1,377 of 1,632 statewide, top 85%, 842 students, 71% FRL).
  • Market conditions: Rents soft (-0.8%/yr); 2696 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 483 units permitted in Waller County in 2024 (89 in 5+ unit buildings).
  • This rent runs 32% of the median local income ($118k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • Waller County population projected at +62% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

  • It's been on market 35 days — a 3% lower offer ($280k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts since 6y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

  • Watch-outs: property tax is 3.1% of price.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $280,330 (3.0% below list)

Questions for the listing agent

  1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
  8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.10%
Cap rate
6.75%
Cash-on-cash
1.64%
DSCR
1.07
GRM
7.5

CMA / ARV

ARV (median comp)
$312,031
List price
$289,000
Delta
-7.38%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 6 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
405 Elaine Valley Dr 0.40mi 5/2.5 2,586 (0%) 1mo $280,000 $108 81
1018 Texas Timbers Dr 0.43mi 5/2.5 2,586 (0%) 1mo $329,900 $128 79
217 Elm Patch Dr 0.34mi 5/2.5 2,663 (+3%) 1mo $300,000 $113 78
1017 Misty Patch Dr 0.32mi 5/2.5 2,586 (0%) 10mo $270,000 $104 77
5707 Blue Grama Dr 0.41mi 5/3.0 2,439 (-6%) 21mo $358,990 $147 52
5734 Quest Valley Dr 0.41mi 5/3.0 2,439 (-6%) 22mo $359,990 $148 51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold
IRR
-17.7%
Equity multiple
0.40×
Total profit
$-48,852
Equity at exit
$43,091
10-year hold
IRR
-18.8%
Equity multiple
0.15×
Total profit
$-68,405
Equity at exit
$24,987

Cash invested: $80,920 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
87 Strongly Landlord-Friendly
State Texas
87 Strongly Landlord-Friendly · R+5
County
— inherits STATE
City
— inherits STATE
3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

ZIP-level market 77493

Rents YoY
-0.8%
Active inventory
2696
Price-to-rent
7.5×

Monthly cashflow live

Estimated rent
$3,191 high interval (Pro) →
Mortgage (P&I)
$1,516
Tax from tax record
$742 /mo · $8,901/yr
Insurance
$120
HOA
$33
Vacancy / Maint / Mgmt
$670
Net cashflow
$110

Break-even live

Break-even rent $3,052
Max offer price $289,000
Occupancy floor 92%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$72,250
Closing costs
$8,670
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 16 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
3020 Wild Dunes Dr Katy, TX 4.0 2.0 1776 $2,355 $1.33 12d 1 1.11mi
3104 Nori Shores Dr Katy, TX 5.0 2.5 1947 $3,695 $1.90 3d 1 1.14mi
3053 Fantasy Terrace Dr Katy, TX 4.0 2.0 2085 $2,440 $1.17 15d 1 1.16mi
3112 Wild Dunes Dr Katy, TX 4.0 2.0 1776 $2,330 $1.31 24d 1 1.18mi
3041 Colusa Ridge Dr Katy, TX 4.0 2.5 2263 $2,500 $1.10 12d 1 1.19mi
3124 Wild Dunes Dr Katy, TX 4.0 2.0 1776 $2,330 $1.31 24d 1 1.20mi
3072 Fantasy Terrace Dr Katy, TX 4.0 2.0 2279 $2,550 $1.12 21d 1 1.20mi
3136 Wild Dunes Dr Katy, TX 4.0 2.0 1776 $2,355 $1.33 12d 1 1.22mi
3084 Fantasy Terrace Dr Katy, TX 4.0 2.0 2085 $2,325 $1.12 12d 1 1.22mi
3060 Nori Shores Dr Katy, TX 6.0 2.5 2408 $3,995 $1.66 24d 1 1.27mi
3076 Dylan Skyland Dr Katy, TX 4.0 2.5 2240 $3,395 $1.52 24d 1 1.28mi
3025 Nori Shores Dr Katy, TX 6.0 2.5 2480 $3,798 $1.53 4d 1 1.30mi
3020 Nori Shores Dr Katy, TX 5.0 2.5 2408 $3,995 $1.66 24d 1 1.32mi
3013 Pearl Coastline Ln Katy, TX 6.0 2.5 2480 $3,995 $1.61 24d 1 1.37mi
3004 Fall Gold Ln Katy, TX 5.0 3.0 2156 $2,762 $1.28 10d 1 1.42mi
3004 Fall Gold Ln Katy, TX 5.0 3.0 2156 $3,850 $1.79 43d 1 1.42mi

HOA detail

Monthly dues
$33 · $396/yr
Likely covers
landscaping

Listing history 29 events

  1. 2026-06-18
    days on market $289,000 Active 35 DOM
  2. 2026-06-17
    days on market $289,000 Active 34 DOM
  3. 2026-06-16
    days on market $289,000 Active 33 DOM
  4. 2026-06-15
    days on market $289,000 Active 32 DOM
  5. 2026-06-13
    days on market $289,000 Active 30 DOM
  6. 2026-06-10
    days on market $289,000 Active 26 DOM
  7. 2026-06-08
    days on market $289,000 Active 25 DOM
  8. 2026-06-07
    days on market $289,000 Active 24 DOM
  9. 2026-06-04
    days on market $289,000 Active 21 DOM
  10. 2026-06-03
    days on market $289,000 Active 20 DOM
  11. 2026-06-02
    days on market $289,000 Active 19 DOM
  12. 2026-06-01
    days on market $289,000 Active 18 DOM
  13. 2026-05-31
    days on market $289,000 Active 17 DOM
  14. 2026-05-14
    listed $289,000 Active 496-char remark
  15. 2020-12-16
    soldstatus Sold 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  16. 2020-11-09
    status Pending 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  17. 2020-11-02
    status Active 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  18. 2020-10-26
    status Pending 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  19. 2020-10-15
    price $253,900 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  20. 2020-10-13
    price $251,900 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  21. 2020-10-08
    price $253,900 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  22. 2020-10-05
    status Active 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  23. 2020-08-31
    status Pending 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  24. 2020-08-26
    price $244,900 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  25. 2020-08-24
    status Active 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  26. 2020-08-17
    status Pending 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  27. 2020-08-07
    price $243,900 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  28. 2020-07-31
    price $241,900 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

  29. 2020-07-23
    listed $238,900 Active 490-char remark
    Show marketing remark (490 chars)

    Space and storage abound in the beautiful Driftwood plan offered at Freeman Ranch. Inside this 2-story home with 5 bedrooms and 2.5 baths, you will find over $10,000 in upgrades including a full suite of kitchen appliances, granite countertops and designer flooring. The Driftwood showcases an open floor plan featuring a spacious family room and master suite downstairs, a large game room plus four additional bedrooms upstairs, as well as a fenced backyard and front yard landscaping.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

Current annual tax
$8,901 · $742/mo
Projected year-2 tax
$8,901 · $742/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
  • 🔥 Wildfire 4/10 Moderate
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥110°F today · 22 d/yr by 30 yrs out
  • 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$38,295
− Mortgage interest
−$16,188
− Property taxes
−$8,901
− Insurance
−$1,445
− Repairs & maintenance
−$3,064
− Management
−$3,064
− HOA
−$396
− Depreciation
−$8,407
Taxable loss
−$3,170
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$761
After-tax cash flow
$2,085/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This home requires moderate renovations, focusing on updating the kitchen cabinetry and exterior paint, to significantly enhance its resale and rental value.

Repairs flagged

  • Major Kitchen cabinetry — The cabinetry appears dated and does not match the modern kitchen appliances.
  • Minor Exterior paint — Some wear is visible on the brick exterior, which could be addressed with a fresh coat of paint.

Value-add opportunities

  • Both Modernize kitchen cabinetry — Updating the cabinetry would improve the kitchen's appearance and functionality, enhancing both resale and rental value.
  • Both Landscaping improvements — Enhancing the landscaping would improve curb appeal and potentially increase the home's value.
  • Both Paint exterior — A fresh coat of paint would improve the home's appearance and potentially increase its value.
  • Both Replace HVAC system — An updated HVAC system would improve comfort and energy efficiency, enhancing both resale and rental value.

Renovation cost estimate screening

Repair itemSeverityEst. cost
Kitchen cabinetry · The cabinetry appears dated and does not match the modern kitchen appliances. Major $15,000–50,000
Exterior paint · Some wear is visible on the brick exterior, which could be addressed with a fresh coat of paint. Minor $500–3,000
Total estimated repair cost · 2 items $15,500–53,000

Value-add ROI direction

  • Both Modernize kitchen cabinetry — Updating the cabinetry would improve the kitchen's appearance and functionality, enhancing both resale and rental value.
  • Both Landscaping improvements — Enhancing the landscaping would improve curb appeal and potentially increase the home's value.
  • Both Paint exterior — A fresh coat of paint would improve the home's appearance and potentially increase its value.
  • Both Replace HVAC system — An updated HVAC system would improve comfort and energy efficiency, enhancing both resale and rental value.

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

District
Royal ISD
NCES district ID
4838190
Math proficiency
23% ▼ -11.00%
Reading proficiency
23% ▼ -6.00%
Median HH income
$41,059
Composite
19.55/100
National rank
#8760
State rank
#744 of 826 in TX

Livability — Katy

Score
76/100
State rank
#111
US rank
#3613

Category grades

Amenities D Commute F Cost of living A+ Crime C- Employment A+ Housing A+ Health & safety C User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Harris County · 4,702,590 people
City population
413,575
Metro
Houston-The Woodlands-Sugar Land, TX
Population (ZIP)
71,484
Household income
$118,464
Rent vs Own
20.4% rent · 79.6% own
Severe rent burden
913.0

Population outlook (Waller County) Hauer SSP2

Today (2025)
60,772 people
By 2030
67,616 · +11.3%
By 2040
82,283 · +35.4%
By 2050
98,276 · +61.7%
By 2075
142,860 · +135.1%
By 2100
175,596 · +188.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Highly diverse neighborhood (Simpson 0.73)
Race & ethnicity
White 36% Hispanic / Latino 33% Two or more races 16% Black 15% Asian 12%
Hispanic origin (detail)
Mexican 20%
Common ancestry
Lithuanian 2% Slovak 1% Italian 1%
Foreign-born
21% · Canada, Vietnam, Jamaica
Languages at home
64% English-only · Spanish 22% Vietnamese 5% French/Haitian/Cajun 4%

Political lean MEDSL · Waller

2024 margin
Strong R (+25.0) · D 37.0% · R 62.0% · Other 1.0%
2008→2024 swing
-17.9pp toward R · 2008: -7.2pp · 2024: -25.0pp
All cycles
2024: R+25.0 2020: R+26.7 2016: R+28.6 2012: R+17.6 2008: R+7.2

Not yet ingested

Civics

Market trends

HPI YoY
▼ -140.65%
Current HPI
233.1683
Rent YoY
▼ -0.80%
Metro
Houston-The Woodlands-Sugar Land, TX
State GDP YoY
▲ 3.95%
F500 in state
110

Industry mix (Fortune 500 HQ in TX)

Industry F500 HQs Revenue

Price history

+21.0% since first listed
16 events — show timeline
  • 2026-05-14 Listed $289,000 HARMLS
  • 2020-12-16 Sold (MLS) HARMLS
  • 2020-11-09 Pending HARMLS
  • 2020-11-02 Relisted HARMLS
  • 2020-10-26 Pending HARMLS
  • 2020-10-15 Price Changed $253,900 HARMLS
  • 2020-10-13 Price Changed $251,900 HARMLS
  • 2020-10-08 Price Changed $253,900 HARMLS
  • 2020-10-05 Relisted HARMLS
  • 2020-08-31 Pending HARMLS
  • 2020-08-26 Price Changed $244,900 HARMLS
  • 2020-08-24 Relisted HARMLS
  • 2020-08-17 Pending HARMLS
  • 2020-08-07 Price Changed $243,900 HARMLS
  • 2020-07-31 Price Changed $241,900 HARMLS
  • 2020-07-23 Listed $238,900 HARMLS

Property tax history

+77.0%/yr

Latest (2025): $8,901 · -7.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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