What is the rental yield in Cane Island, Katy, Texas?

The gross yield in Cane Island, Katy, Texas is 7.8. That is paired with prices in line with Katy and about 6% below Texas, which can support income-focused analysis. Over the past year, prices declined 5.4%, while the Red Flag score is 90.

How does Cane Island compare with Katy and Texas?

Cane Island in Katy, Texas is priced in line with Katy and about 6% below Texas. Its gross yield of 7.8 is relatively high, but the Red Flag score of 90 is also elevated. Over the past year, prices fell 5.4%, and walkability is 1.

What should buyers know about walkability and schools in Cane Island?

Cane Island in Katy, Texas has walkability of 1 and education in the 88th percentile. That means the school-score percentile is strong on an objective basis, while pedestrian access is very limited. The neighborhood also shows a gross yield of 7.8 and a Red Flag score of 90.

Neighborhood

Cane Island

Katy, Texas US

Cane Island in Katy, Texas has a mixed investment profile, with a high gross yield of 7.8 and a very elevated Red Flag score of 90. Prices are in line with Katy and about 6% below Texas, while values have fallen 5.4% over the past year. Walkability is 1, and education is in the 88th percentile, pairing a strong school-score reading with very limited pedestrian access.

AI Summary•Updated May 2026

Area

1.07 mi²

ZIP Code

77493

County

Waller County

State

Texas

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$339,899

YoY-5.4%

Gross Rental Yield

7.8%

Listed rent · ZORI annualized

Red Flag Index

Very High

90 / 100

Walkability Score

Minimal

OpenStreetMap POI density · national percentile

Education Score

88 / 100

Excellent · better than 88% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Cane Island Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Cane Island, Katy.

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$339,899	-5.4%
Price / Sq Ft (Verified)	$159/sqft	-2.7%
Asking Rent (Median)	$2,206/mo	-0.5%
Gross Rental Yield	7.8%	—
Liquidity Score	90 / 100	High
Homes Sold (Period)	779	-16.8%

Is Cane Island Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Texas crime context.

Red Flag Breakdown

90 / 100

Very High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Wildfire100Very High

Hurricane100Very High

Tornado100Very High

Heat100Very High

Strong Wind100Very High

Hail80Very High

Earthquake40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Texas averaged 24.3 crimes and 3.9 violent per 1,000 residents (-6.2% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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What Stands Out AI Insight

Above-average gross rental yield at 7.8%

Liquid resale market — liquidity 90/100

Active transaction volume — 779 homes sold last period

Flood risk is Very High (100/100)

Wildfire risk is Very High (100/100)

Insights are generated from Cane Island's live DistrictScore metrics.

Cane Island Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Texas-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

7.4 µg/m³ Meets EPA, above WHO guideline+32.0% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Cane Island centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 89% of U.S. neighborhoods.

Texas Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	24.3	3.9	-6.2%
2023	26.4	4.1	-1.7%
2022	27.4	4.4	+6.3%
2021	26.3	4.5	-1.8%
2020	26.9	4.5	-3.6%
2019	28.3	4.2	—

Reported at the state level — the finest official US crime aggregation; Cane Island inherits the Texas figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Cane Island

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor2 nearbyHigh

Point-source screening near Cane Island: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Cane Island

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

1

Minimal

Walkability Score

0

Grocery

0

Dining

0

Schools

0

Universities

0

Hospitals

0

Pharmacies

2

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Cane Island's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Cane Island vs Katy vs Texas

How Cane Island benchmarks against its city and state medians.

Benchmark vs City & State

In Cane Island, the median sale price sits in line with the median for Katy neighborhoods and about 6% below the statewide median. Gross rental yield is 7.8%, against 7.8% for Katy neighborhoods and 5.4% statewide. Over the past 12 months, prices fell 5.4%. Transaction liquidity sits in line with the median for Katy neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Cane Island	$159/sqft	7.8%	90
Katy	$159/sqft	7.8%	90
Texas	$169/sqft	5.4%	39

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Buying Property in the US as a Foreigner

Federal & Texas tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.25% average effective rate (statewide average; set and collected locally).

State Income Tax

No state income tax — rental income is not taxed at the state level.

State Capital Gains

No state capital gains tax.

Transfer Tax

Real estate transfer tax: none statewide (local tax may apply).

Assessment Cap

Homestead assessed value capped at +10%/yr (20% for some non-homestead property, through 2026).

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents8

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

Homestead Exemption

Homestead: unlimited protection from most creditors (acreage-limited) and a large school-tax exemption.

Senior & Veteran Exemptions

Full property-tax exemption for 100%-disabled veterans; a school-tax freeze for seniors aged 65+.

Foreign buyers (non-residents)6

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Foreign Ownership Restrictions

SB 17 (Sept 2025) bars buyers tied to China, Russia, Iran, or North Korea from acquiring any real property. Verify first.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Texas property-tax guidance for foreign buyers

Latest Katy Real-Estate News

New Fed chairman may leave mortgage rates mostly unchanged

Guaranteed Rate • Jun 18, 2026

Household real estate wealth hits record $48.7 trillion

Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Cane Island Real Estate FAQ

Cane Island in Katy, Texas offers a gross yield of 7.8 and prices about 6% below Texas, but it also carries a Red Flag score of 90. Values are down 5.4% over the past year, so the profile combines strong income potential with a high overall risk reading.

Neighborhoods near Cane Island

Compare Cane Island with nearby neighborhoods in Katy.

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