Within this market area there are over 120 separate subdivisions or communities. Over 112,000 new homes have been built in the last 16 years. There are few homes older than 25 years and most of those are generally inside the city limits of the small town of Katy. Typical neighborhood amenities include swimming pools, tennis courts, clubhouses and small playgrounds. For the most part, homes are 3 and 4 bedrooms, one and two story, and predominantly brick construction.
Patio homes are available in some neighborhoods.
A typical 2500 Sq. Home prices have increased over the last few years. Average appreciation in some area has sometimes exceeded 15 percent. From 1993 to 1998 the supply of resale homes in the market decreased, or, a seller's market developed. However, a slight increase in new home building permits over the same period is tempering this trend.