Communities
Living in Cane Island.
What is the Cane Island market doing in 2026?
Realtor.com's Cane Island neighborhood page put the median list price at $552,000 in August 2026 — down 4 percent from June's reading, with 94 homes for sale and a median 42 days on market . Cane Island is Katy's newest amenity community: a 1,000-acre master plan on the 77493 side of the Grand Parkway, averaging 3,278 sq ft per home and built out largely since 2020.
Cane Island offers the newest stock in Katy with the deepest inventory — 94 homes for sale, the most of any community on this list — so there is genuine selection across builders and floor plans. The 2026 pullback (median down 8.4% year over year) has reset pricing against the 2021-2022 peak.
Recent Cane Island closings ran from $559,000 to $1,150,000 (HAR, June-August 2026), and the community's average list sits near $642,000 — a wide spread. HAR shows no median appraised value for the community yet, so we price against recent closings by builder and phase, not an area average.
Realtor.com tracks Cane Island at $552,000 against a Katy citywide median of $388,619 (August 2026). Newer construction, larger floor plans and the resort amenity package put it well above the city average — and its own sales spread shows how much builder and lot choice matter.
Figures above are Realtor.com neighborhood data (August 2026) and HAR community data .
How good are the schools in Cane Island?
Cane Island is zoned to Katy ISD, which holds an A+ grade and ranks #1 in the Houston area for the fifth straight year on Niche . The community's serving campuses run from Robertson and Katy elementaries to Haskett and Nelson junior highs, with Katy High (#213 in Texas, 93% graduation) and Freeman High — opened in 2024 and too new to rank — on the district list , plus a planned on-site elementary.
Katy ISD overall grade —
Katy High School's Texas ranking, with a 93% graduation rate.
A new elementary is planned inside Cane Island as the community builds out.
| High school | Texas rank · U.S. News 2026 | Graduation rate |
|---|---|---|
| Seven Lakes | #51 | 98% |
| Tompkins | #73 | 98% |
| Cinco Ranch | #139 | 95% |
| Katy | #213 | 93% |
U.S. News ranks all nine Katy ISD high schools . Cane Island addresses feed Katy or Freeman High depending on the phase; Freeman opened in 2024 and has no ranking yet.
Cane Island is still building out, and Katy ISD attendance zones shift as new campuses open — the planned on-site elementary will rezone parts of the community when it arrives. Before you tour, we confirm the exact current zoning for every address on your shortlist.
What is there to do in Cane Island?
The Amenity Village is the community's centerpiece: a resort-style pool with a waterfall and private cabanas, a splash pad, playground, fitness center, a dog park and a guest house, across 100-plus acres of lakes, parks and trails — with a lifestyle calendar of yoga, wine tastings and farmers markets.
- Resort-style pool with waterfall and private cabanas
- Splash pad, playground and fitness center
- Canine Commons dog park and Ambassador Suite guest house
- 100+ acres of lakes, parks and trails
- Fishing piers and paddle craft on community lakes
- Walking trails threading every phase
- I-10 via the Cane Island Parkway exit
- Morton Road retail and the Grand Parkway corridor
- Katy Mills and Typhoon Texas a short drive
Amenities above are documented on HAR's Cane Island community profile . The HOA runs about $129 per month (HAR estimate); we include it in the monthly math on any shortlist.
How far is Cane Island from Houston?
Cane Island sits on Katy's northwest side with its own I-10 exit at Cane Island Parkway, off Morton Road. The mean commute for the 77493 ZIP runs 36.3 minutes (U.S. Census ACS) — the longest of the Katy communities on this list.
The primary route east to the Energy Corridor , downtown Houston and the Galleria.
The outer belt minutes away: south toward Fort Bend , north toward Cypress and US-290 .
The community's local corridor, connecting Cane Island Parkway to FM 529 and the 77493 retail spine.
Commute figure is the ACS mean commute for the 77493 ZIP . If drive time is your top constraint, tell us your workplace first — we compare drive times before we compare floor plans.
Is Cane Island expensive?
Cane Island's tax bill is set by Waller County, which has no public HAR tax table for the community — so unlike most Katy communities, the combined rate is not a public figure. Katy ISD's portion is $1.1171; we pull the full Waller County bill for every address you shortlist.
Katy ISD's official rate is $1.1171 per $100 valuation ( katyisd.org ). Because Waller County publishes no Cane Island tax table, we run the actual county bill with the mortgage math before you make an offer — that is the number that matters.
What are the downsides of Cane Island?
The honest cons are the 8.4% year-over-year price decline, the community still under construction, the longest commute of the Katy set, and a tax bill you have to pull per address. Most residents judge the new stock and the resort amenity package worth the trade.
- Median list price down about 8.4% year over year
- Active construction as later phases build out
- 36.3-minute mean commute — the longest of the Katy set
- Waller County tax bill is not on a public HAR table — we pull it per address
- Newest stock in Katy — average year built 2020
- Resort-scale Amenity Village with a full lifestyle calendar
- Katy ISD, A+ and
- Deep inventory — real selection across builders and phases
Cane Island sits west of the Addicks and Barker reservoir pools where Katy's documented Harvey flooding occurred ( Texas Tribune reservoir map ), and its drainage is engineered to current county standards. Engineered drainage is not a guarantee — we pull flood history and elevation data on any home you tour.
Cane Island in the Katy market.
Cane Island prices between the premium lake and golf communities and the new-construction frontier on Katy's north side.
| Realtor.com · Aug 2026 | Median list | Days on market |
|---|---|---|
| Grand Lakes | $650,000 | 39 |
| Cinco Ranch West | $629,500 | 62 |
| Cane Island | $552,000 | 42 |
| Seven Meadows | $545,000 | 36 |
All figures are Realtor.com neighborhood data, August 2026 . The right answer is your budget and whether you want built-out or brand-new — we show you the same comparable-sales data for each.
The record
Trusted in Cane Island since the first streets.
Cane Island, answered.
Is Cane Island a good place to live?
Yes for buyers who want the newest stock in Katy with resort-scale amenities: a waterfall pool, 100-plus acres of lakes and trails, and Katy ISD, A+ and #1 in the Houston area (Niche). The honest trade-offs are the 2026 price decline, ongoing construction and the longest commute of the Katy set.
How much is a home in Cane Island in 2026?
The median list price was $552,000 in August 2026 with 94 homes for sale (Realtor.com neighborhood data). Recent closings ran from $559,000 to $1,150,000 (HAR, June-August 2026), and the community's average list sits near $642,000.
What school district serves Cane Island?
Katy ISD, rated A+ and #1 in the Houston area (Niche, 2026). Serving campuses include Robertson and Katy elementaries, Haskett and Nelson junior highs, and Katy High (#213) or Freeman High (opened 2024, unranked), plus a planned on-site elementary.
What are property taxes like in Cane Island?
Katy ISD's rate is $1.1171 per $100 valuation. Waller County publishes no Cane Island tax table, so we pull the actual county bill for every address you shortlist.
Does Cane Island flood?
The community sits west of the Addicks and Barker pools where Katy's documented Harvey flooding occurred, with drainage engineered to current standards. We pull flood history and elevation data on any home you tour.
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