Grand Lakes East’s median real estate price is $559,728, which is more expensive than 85.5% of the neighborhoods in Texas and 74.4% of the U.S.
Based on the complete analysis, the average rental price in this Katy neighborhood is currently $2,845. Therefore, the average rental cost in this neighborhood is higher than 90.3% of the neighborhoods in Texas.
Grand Lakes East is an urban neighborhood (based on population density) located in Katy, Texas.
Grand Lakes East real estate comprises large (four, five, or more bedroom) to medium-sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner-occupied. Many of the Grand Lakes East neighborhood residences are newer, built in 2000 or more recently. Several homes were also built between 1970 and 1999.
Home and apartment vacancy rates are 6.7% in Grand Lakes East. Analysis shows that this rate is lower than 58.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Real Estate
You will love the Grand Lakes East neighborhood if you like the look and ambiance of new homes and newly built neighborhoods. A whopping 93.7% of the homes and other residential real estate here were built after 1999, a higher proportion of new homes than you will find in 99.3% of the neighborhoods in the U.S. Everything here feels new. The concentration of newer homes here is so great that they completely dominate the landscape. In most neighborhoods, there is a mixture of ages of residential real estate, but here it is almost completely built during the one-time frame: 2000 through today. EZ Katy Junk Removal
In addition, one way that the Grand Lakes East neighborhood stands out is that it has larger 4, 5, or additional bedroom homes and real estate than 98.0% of the neighborhoods in America. So when you walk or drive around this neighborhood, you’ll instantly notice the homes’ size, which makes a strong visual statement.
People
The Grand Lakes East neighborhood is considered a solid choice for executive lifestyles. The analysis ranks it as better than 94.0% of Texas neighborhoods for executive living, based on the wealthy, educated professionals, executives, and managers who choose to reside here, the spacious homes that are prominent features of the real estate in the neighborhood, and the high real estate appreciation rates found here relative to other neighborhoods in the state. In addition to being an excellent choice for highly educated executives, this neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Demographics
In the Grand Lakes East neighborhood in Katy, TX, residents commonly identify their ethnicity or ancestry as Asian (25.7%). However, there are also several people of German ancestry (15.6%) and residents who report Arab roots (7.7%), and some of the residents are also of Sub-Saharan African ancestry (6.2%), along with some English ancestry residents (5.0%), among others. In addition, 31.6% of the residents of this neighborhood were born in another country.
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