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 your first 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. Remember, if you are thinking of purchasing your first home, please contact us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...Diana
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