Originally known as Cane Island, it took awhile for Katy to be settled, thanks in large part to the extreme summer temperatures, thick mud and hungry mosquitoes. It wasn't until the Missouri-Kansas-Texas Railroad began running through the area in 1895 that the town began to grow and the name was changed to Katy, the railroad's nickname. The area has continued to grown and today the city of Katy counts more than 15,000 residents while the greater Katy area has almost 270,000 people that call it home.
Check out 300 Katy, TX rent to own homes for sale, which may include auction properties, for sale by owner, and more.
High home values! Homes in Katy have been appreciating at a much faster rate than the national average. Locally, homes have been appreciating at a yearly rate of 11.6 percent, while nationally the rate over the last 12 months was less than 5 percent. Residents looking for rent to own houses will have a good chance of finding something in the Cinco Ranch area, which is broken up into several neighborhoods including equestrian villages and picturesque lakes. Other rental houses can be found around Granite Brook Lane.
Low home prices! While home prices have increased 56 percent in the last decade, they are still lower than the national median price of $170,100. The median house price in Katy is just $150,400, with communities like Cardiff in the northwest corner and Barkers Branch offering spacious homes at affordable prices.
Tons of shopping! Between Katy Mills Mall and La Canterra at Cinco Ranch, Katy has enough shopping, restaurants and entertainment to satisfy anyone. With hundreds of stores at the indoor Katy Mills, and almost as many shops at the outdoor La Canterra, residents can shop a different store every day for months without repeating.
Plenty of room to play! Katy's City Park has lighted basketball courts, a paved jogging trail and tennis courts perfect for active residents, while the shady space found under the many oak trees in VFW Park is ideal for relaxing on a weekend afternoon. Other parks include Woodsland, Thomas and Mary Jo Peckham parks.
Top employers! Katy is home to several top corporations, including Igloo Corporation and Academy Sports and Outdoors. As part of Texas' Energy Corridor, Katy counts many companies such as BP that have opened engineering and onshore operations in or near Katy. Katy's unemployment rate of just 4.7 percent is less than the national average of 6.3 percent and job growth outpaces the national rate as well.
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