Lake Olympia Neighborhood Guide

Homes and the Lake Olympia Market

HAR.com 2025 neighborhood facts. Market value is the appraisal district’s figure, not a sale price, and a median is not the value of any one home.

Median closed price, recent closed sales, price per square foot, days on market and active inventory for Lake Olympia are MLS figures that HAR’s public pages do not publish by neighborhood. Ask for a current MLS report for the sections you are considering.

Live HAR.com search for Lake Olympia; if it shows no homes, none are listed under that name right now. Widen the search or ask us.

Property Taxes, HOA and MUD in Lake Olympia

A home pays one or two of the three utility districts, not all three. HAR lists Palmer Plantation MUD 1 alone on Palmer Plantation and Lakeside Village and both Palmer Plantation districts on Parkview Village; MUD 49 meets at the same building. The FBCAD account shows which apply. HAR.com: Palmer Plantation at Lake Olympia 2025 Facts HAR.com: Parkview Village at Lake Olympia 2025 Facts Crest Management: LOCA winter newsletter addendum

The county tax office had not posted a 2026 rate for Fort Bend MUD 49 when checked (its 2025 rate was $0.51 per $100). Palmer Plantation MUD 1 cut its rate from $0.40 (2024) to $0.37 (2026) and MUD 2 from $0.366 to $0.30. Fort Bend County Tax Office: Fort Bend MUD 49 Fort Bend County Tax Office: Palmer Plantation MUD 1 Fort Bend County Tax Office: Palmer Plantation MUD 2

Missouri City's homestead exemption is the greater of 2.5% of assessed value or $5,000, plus $25,000 for owners 65 or older or $20,000 for disabled owners. City of Missouri City: tax exemptions

HOA and deed restrictions

No assessment amount is published by an official source, so we do not show one. The resale certificate for the address shows what it owes.

Crest Management manages the association its newsletter calls LOCA and handles account registration and deed restriction enforcement (281-835-5992). The association's assessment amount was not published on any page we could open. Crest Management: LOCA winter newsletter addendum

Rates are per $100 of taxable value; a tax bill also depends on the appraised value, exemptions and which units cover the address. Look an address up: Fort Bend Central Appraisal District property search, Fort Bend County Tax Assessor-Collector, True Cost of Homeownership calculator.

Schools Serving Lake Olympia

• Fort Bend ISD 2026-27 School Locator

Lake Olympia sections are in Fort Bend ISD per HAR's tax tables. Fort Bend ISD posts a 2026-27 School Locator; confirm the assigned campuses by address before buying. HAR.com: Parkview Village at Lake Olympia 2025 Facts Fort Bend ISD: 2026-27 School Locator

School assignments and attendance boundaries can change. Confirm the assigned schools directly with the district before making a housing decision.

Flood and Drainage Research for Lake Olympia

During Harvey, Fort Bend County's Aug. 27, 2017 order put Fort Bend County MUD 49 and Palmer Plantation MUDs 1 and 2 under mandatory evacuation as the Brazos River rose. That order is about evacuation, not a record of which homes took water. Fort Bend County: evacuation order (Aug. 27, 2017)

The Brazos River gauge at Richmond crested at a record 55.19 feet on Sept. 1, 2017 and 54.74 feet on June 2, 2016. National Weather Service: Brazos River at Richmond (RMOT2)

In Missouri City most local drainage systems belong to a MUD or levee district rather than the city; the city says to call 281-403-8500 to learn who maintains a given system. Its watershed master plan update and watershed map show which watershed a property drains to. City of Missouri City: drainage FAQ City of Missouri City: Watershed Master Plan update

Fort Bend County's FEMA flood maps are effective April 2, 2014; the county links FEMA's Map Service Center and its floodplain mapping tool. Missouri City's flood page has elevation certificate guidance, and nine city flood gauges report on harriscountyfws.org. Fort Bend County Drainage District: floodplain map City of Missouri City: flood prevention City of Missouri City: flood gauges

• FEMA Flood Map Service Center
• Fort Bend County Drainage District FAQs
• How to read Houston flood maps

Flood zones are mapped parcel by parcel, and no guide can tell you whether a particular house has flooded or will flood. Ask the seller for the flood disclosure and any elevation certificate, and price flood insurance before your option period ends.

Everyday Places Near Lake Olympia

Each place links to its own site and was confirmed operating on Oct. 28, 2026. Listed by location, not a ranking or a recommendation.

Getting Around from Lake Olympia

The Fort Bend Parkway toll road has an interchange at Lake Olympia Parkway and runs north to Beltway 8 and US 90A (South Main), which lead toward the Texas Medical Center and downtown; Fort Bend County runs the 6.2 miles from Beltway 8 to Sienna Parkway and a toll tag is required. Fort Bend County Toll Road Authority: toll roads

State Highway 6 runs past the community and meets the Fort Bend Parkway; a 2016 Community Impact profile of Palmer Plantation names Highway 6 and the Fort Bend Parkway as its main routes. Fort Bend County Toll Road Authority: toll roads Community Impact: Featured neighborhood, Palmer Plantation at Lake Olympia (Nov. 2016)

METRO Route 270 runs from the Missouri City Park and Ride at Fort Bend Town Center to the Texas Medical Center (opened January 2025). Fort Bend Transit's commuter park and ride lots are in Sugar Land, Richmond and Rosenberg. Community Impact: METRO Missouri City Park and Ride opens (Jan. 2025) Fort Bend County Public Transportation

We name routes rather than quote drive times, which change with the hour and the exact address. Straight-line miles to both airports are on the fact sheet below.

Lake Olympia Questions Buyers Ask

Researched and checked Oct. 28, 2026. Every fact links to its source. Related: Missouri City · All Houston communities · Area map