Real estate Home Edition
BY TOMER RONEN
2025
Welcome to the annual CI Home Edition! This guide highlights the rise of build-to-rent communities in the Katy and Fulshear areas aimed at providing affordable housing. These communities allow residents to enjoy the features of master-planned communities without the full commitment of homeownership, including home maintenance and a down payment. The edition also covers area housing market trends—including the largest home inventory in six years—and shares more about what voters can expect to see on their Nov. 4 ballots regarding property tax-related propositions. The propositions aims to raise the exemption to $140,000 for all Texas residents and up to $200,000 for seniors and people with disabilities. Business owners could also see cuts if approved by voters. Updates on Fort Bend County’s 2025 appraisal values round out this edition, highlighting a decrease in value for nearly 60% of area residents, with homes under $200,000 seeing the largest decrease.
What's inside
Learn more about property tax propositions (Page 21)
Aubrey Vogel Editor avogel@ communityimpact.com
Explore build-to-rent communities in the area (Page 22)
See how the area’s real estate market has changed (Page 25)
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Nearly 60% of property values decrease
Fort Bend County residential value trends, 2024 vs. 2025
Had nominal
Despite Fort Bend County seeing an average increase of 1.9% for residential properties values from 2024 to 2025, only 37.9% of homeowners saw their properties increase in value, according to an April news release from the Fort Bend Central Appraisal District. The average increase is also down from last year’s 4.4% increase. “The real estate market is stabilizing following the turbulent COVID[-19] years,” FBCAD Chief Appraiser Jordan Wise said in the release. “Overall, residential property saw modest gains while com- mercial property has declined slightly, led largely by faltering office and retail markets.” Wise said key market drivers for property values increasing include: • Interest rates and inflation shaping markets on national and local levels • Levels of available houses in Fort Bend County climbed
• Increasing interest in real estate • Low inventory and strong demand for houses By the numbers Homes valued under $200,000 saw the biggest negative shift among the five property value ranges, with 74.6% of houses decreasing in value, appraisal data shows. Meanwhile, homeowners with properties valued over $750,000 were the only group to see more than half their values increase, at 63.1%. Despite the drop in the values of most homes, single-family home sales, median prices and months’ supply of homes in Fort Bend County all increased from 2024 to 2025. The amount of homes added to the county rose, seeing a 4.5% increase, from 7,360 to 7,691, according to FBCAD data.
Home values
Increased Decreased change in
in value
in value
value
Less than
3,184
13,000
1,226
$199,999 $200,000- 15,137 $299,999 $300,000- 36,309 $449,999 $450,000- 33,300 $749,999 $750,000+ 14,815
41,614
1,024
57,391
2,326
41,531
1,823
8,200
447
Total single-family homes sold in Fort Bend County
95,302 85,163 83,854
2022 2023 2024
19
KATY - FULSHEAR EDITION
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