Rent-to-own & owner financed homes in Katy (Houston), TX: The Complete Guide

Planning to buy a rent-to-own or owner-financed home in Katy TX? Katy is one of the best and meticulously master planned suburbs boasting of several close-knit communities, particularly popular among families. Close proximity to downtown Houston, lush green golf courses, wide tree-lined streets, family parks, playgrounds, swimming pools, tennis courts, top-rated public schools and a booming real estate market lure potential home buyers in droves. Are you too looking to buy a home in Katy with a rent-to-own or owner financing arrangement due to credit challenges? If your answer is yes, here is some good news. Here at Shop Owner Finance, we help credit challenged families and individuals realize their homeownership dream with owner financing.

We will explain in this guide all the pros and cons of living in Katy neighborhoods, but if you like you can begin your home buying journey right now by exploring the Houston home listings below. We will help you buy any Katy home with no credit check or income verification. Alternatively, you can use the search on our website and find a home based on your budget and requirements. Just fill up the form on the property listing page. A realtor from Shop Owner Finance will promptly get in touch with you.

Housing Market

Median Listing Price

$400,000

Average Days on Market

41 Days

Public Schools

20

Homes for Sale

2,564

Commute Times

Downtown

60 Minutes

Texas Medical Center

69 Minutes

Museum District

66 Minutes

Energy Corridor

20 Minutes

Katy Appreciation Trends

Katy Local Education

Top-Ranked Elementary Schools

Top Middle Schools

Top High Schools

Discover the Best of Lubbock

Katy’s broad selection of the finest attractions dotting its streets and master-planned communities show why it always ranks among one of the best suburbs in Houston:

Dining

• ✓Tiger Noodle House
• ✓Roko Grill
• ✓Harvest Kitchen & Bakery
• ✓Mia’s Table
• ✓Pearl & Vine

Nightlife

• ✓Scholars and Scoundrels
• ✓Bar Louie
• ✓Azura Bar & Lounge
• ✓Einstein’s Pub & Arcade
• ✓The Local Bar

Shopping

• ✓Houston Premium Outlets
• ✓Katy Mills Mall
• ✓Moshi Moshi Gifts
• ✓Lacenterra Cinco Ranch
• ✓Katy Asian Town

Leisure and Entertainment

• ✓Typhoon Texas Waterpark
• ✓Katy Heritage Museum
• ✓Dig World
• ✓Bear Creek Golf World
• ✓The Golf Club at Cinco Ranch

Parks and Recreation

• ✓Mary Jo Peckham Park
• ✓Katy Park
• ✓Malcolm Beckendorff Family Park
• ✓Exploration Park
• ✓Katy Dog Park

Groceries

• ✓H-E-B
• ✓Kroger
• ✓Whole Foods Market
• ✓Trader Joe’s
• ✓Sprouts Farmers Market

Four reasons you should buy your dream home in Katy, TX

Katy is one of the top-rated Houston suburbs and for good reasons. Its neighborhoods offer all the amenities that home buyers look for. Here are four reasons why you should consider buying a home in this beautiful suburb:

Wide range of options

The best thing about buying a home in Katy is that you can easily find a home that fits your budget and needs. From luxury properties (in neighborhoods such as Avalon Seven Meadows, Cinco Ranch, Cinco Ranch Northwest, Cross Creek Ranch, Falcon Point, and Firethorne) to budget homes in (Cimarron, Governors Place, Memorial Parkway, West Memorial, and  Grayson Lakes), home bargains are easy to come by in Katy.

If you are looking to buy a brand new home, we recommend you to explore Cardiff Ranch, Churchill Farms, Cinco Ranch SW, Cross Creek Ranch, Silver Ranth, Firethorne, Tamarron, Woodcreek Reserve, Westlake, and similar neighborhoods.

If you want to live close to downtown Houston, Canyon Gate, Cinco Ranch, Cimarron, Creekstone, Governors Place, Memorial Parkway, West Memorial, Grand Lakes, Kelliwood, Nottingham County, Oil Park Trail, West Memorial, Windsor Park Estates, Windsor Park Lakes, Kelliwood Lakeforest are some of the neighborhoods in Katy that you should consider.

If you are a golf enthusiast, you will probably want to live in Kelliwood, Avalon Seven Meadows, Cinco Ranch, Falcon Point, Kelliwood Greens, Seven Meadows, Falcon Point, or Willow Park.

Katy also boasts of many beautiful gated neighborhoods including Avalon Seven Meadows, Cinco Ranch, Marshall Oak, Green Trails, Kelliwood, Windsor Park Estates, Firethorne, Falcon Landing, Westheimer Lakes North, and Lakepointe Estates.

As you can see, the Katy neighborhoods suit home buyers from all segments including families, empty nesters, and professionals. It is quite easy to find a home with desired amenities.

Perfect choice for families

Katy is one of the best suburbs to live in for families. The Katy public schools are very popular among parents. Katy boasts of some of the best-rated public schools in Texas. The abundance of recreational amenities makes Katy neighborhood a perfect destination for families raising kids. Katy Mills Mall, LaCenterra at Cinco Ranch, and Typhoon Texas Water Park are some of the best destinations to enjoy fun activities.

Strong real estate market

Over 2000 homes are available for sale in Katy on average. The median home price is above US$300,000, but as we explained earlier in this guide you can find a home for any budget. You can buy a beautiful starter home for just US$200,000.

Buying a home in Katy TX is a good investment because home prices have been rising over the past five years since the 2007-08 financial crisis. By investing in a property in Katy, you will not only enjoy living in a beautiful neighborhood but also benefit from the faster appreciation in the value of your home.

Most Popular Katy Neighborhoods for Owner-Financed Homes

Seven Meadows

This modern neighborhood is one of the top reasons why Katy remains one of the most preferred Houston suburbs. Families mostly love living in the area because of its top-performing school district, lower property taxes, low-risk flood zone, and beautiful neighborhood with golf courses, among other world-class amenities.

Grand Lakes

Providing easy access to Grand Parkway, I-10 and the Westpark Tollway, Grand Lakes is connected to 100 fully-stocked lakes, several parks, and recreation hubs along with swimming pools, splash pads, hike and bikes trails as well as a lazy river. Kids in the area experience top-notch education thanks to the top-ranking Katy ISD serving the area.

Willow Creek Farms

This picturesque suburb within the suburb features mansion-style homes with modern aesthetics set in lush green lots. I-10 and the Grand Parkway offer a 10-minute drive to some of Houston’s most prominent shopping districts. Residents here also get to enjoy walking trails, an Olympic-sized pool, a splash pad, and a host of community parks.

Other Areas to Buy Owner-Financed Homes in Katy

Rent-to-own vs owner financing to buy a home in Katy

Now that you know why Katy is one of the best choices when it comes to buying a home in Houston, here is some good news if you are struggling with credit-challenges.

It is absolutely possible to fulfill your homeownership dream even if you can’t obtain a traditional home loan.

Many credit-challenged Katy home buyers try to explore rent-to-own financing arrangement when they are turned down by conventional lenders. We at Shop Owner Finance help home buyers learn about a better alternative to rent-to-own homes in Katy. The alternative is owner financing. You will get the property’s title transferred in your name immediately.

In a recent article, we explained the difference between rent-to-own and owner financing.

Get in touch with us today if you would like to buy an owner-financed home in Katy, TX.