Fulshear-Katy Community Guide 2024-25

Change in Average Home Price from 2015 to 2020 KATY NORTH +17% KATY OLD TOWNE +09% KATY SOUTHEAST +06% KATY SOUTHWEST +08% FULSHEAR -06%

is preserving the small-town charm that has drawn so many to our community while also ensuring that we are meeting the needs of our residents in terms of desired retail, career opportunities, lifestyle, and entertainment closer to home,” says Annel Guadalupe, Director of Economic Development for the City of Fulshear. “It is of utmost importance to preserve the unique sense of community and character that makes Fulshear a special place to live.” In keeping with that challenge, the City of Fulshear has not only made a significant investment in utility infrastructure but has also undertaken a comprehensive strategic planning effort for Downtown Fulshear, which will ultimately include the addition of a new HEB and related retail center on the south side of FM 1093 and the redevelopment of Harris Street into a walkable plaza space with retail and restaurant options. This space will also be ideal for community events and gatherings. Canvas on Founders Hill, a 150-unit luxury for-rent townhome community, the first of its kind in the Fulshear area, is also currently under construction within walking distance of Fulshear’s Downtown District. One thing is for certain: as new residents and businesses continue to flock to the Fulshear-Katy area in record numbers, this community’s growth is unlikely to slow down any time soon.

walking trails. These amenities cater to residents’ desire for a healthy and active lifestyle.” In a report prepared for Lamar CISD, Population & Survey Analysts (PASA) projects 23,278 new housing starts in Lamar CISD between 2022–2027, with a significant percentage of those new homes projected in the Fulshear area. The study prepared for Katy ISD also projected an additional 12,739 new homes in the Katy area during the same period. That is on top of the 9,150 new multi-family housing units projected for Lamar CISD and 9,668 projected for Katy ISD through 2027. “We are expecting a steady housing market for the next few years. With interest rates expected to continue a downward path and hopefully balance out at mid-year this year, we are anticipating a high rate of buyers wanting to capitalize on the lower rates.” Kennedy is hopeful that many of the sellers who missed the window during 2021-2022 will jump back into the market as well. Understanding that growth was imminent, community leaders have undertaken a cooperative and strategic approach to ensure that the growth could be managed in such a way that it enhanced the overall quality of life for both current and future residents. “Our greatest challenge moving forward

The World Population Review also reveals the importance of higher education in both the Katy and Fulshear communities, as 75% of Katy residents have attended some college classes, and 47% have earned a bachelor’s or advanced college degree. Comparatively, almost 89% of Fulshear residents have attended some college classes, and 73% have earned a bachelor’s or advanced college degree. As many of these original communities are at or nearing build-out, several new communities like Sunterra, Tamarron West, Fulshear Lakes, Fulshear Del Webb, Cross Creek West, and Pecan Ridge in Fulshear have recently opened and continue to offer a wide variety of amenities for new and prospective residents. “I definitely think that a few years ago, developers realized that there were not many housing options under $500,000 in the Fulshear area. They have capitalized on that and we now have some more affordable housing options, including some that are offering special new home buyer pricing,” explains Shelby Kennedy, Partner-Realtor at Greater Houston Real Estate Partners. “We are also seeing a new focus on homes and communities that cater to the needs of older adults and incorporating wellness-focused amenities, such as fitness centers, yoga studios, green spaces, and

Source: Houston Association of Realtors’ Multiple Listing Service (MLS)

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FULSHEAR-KATY COMMUNITY GUIDE & DIRECTORY 2024-25 ISSUE 37