7 Things Houston First Time Home Buyers Should Know About Katy North Market Right Now
If you are currently looking in the Katy - North market area to purchase or lease your new home, here are 7 things you need to know that may help to make your search a successful one.
As of this writing, (3/13/2023) there are currently 301 homes for sale.
The average price sale price is $340,758.
Average price per sqft is $154.
Average sqft 2,276.
Average bed/bath 4/2.
If you take the average price of $340,758 with 3.5% down payment = $11,927 with 7.02% interest rate, your estimated monthly principle and interest would be about $2,192 before taxes and insurance.
With a conventional mortgage loan, same average price with 20% down payment = $68,152, using the same interest rate as above, your estimated monthly principle and interest payment would be about $1,817 before taxes and insurance.
As always, thank you so much for stopping by.
Image by Diana for First Home Houston
