Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 208,671, 62,880 total housing units (homes and apartments), and a median house value of $510,753, Cypress real estate is some of the most expensive in Texas, although Cypress home values aren't among America's most expensive.
Cypress is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Cypress than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cypress. Owner-occupied housing accounts for 83.14% of Cypress's homes, and 76.03% have either three or four bedrooms, which is average sized relative to America.
Cypress homes and real estate are some of the newest in America. 75.59% of Cypress's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Cypress real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.95%), and between 1940-1969 ( 1.23%).
In the last 10 years, Cypress has experienced some of the highest home appreciation rates of any community in the nation. Cypress real estate appreciated 122.44% over the last ten years, which is an average annual home appreciation rate of 8.32%, putting Cypress in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cypress definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Cypress that despite a nationwide downturn in the housing market, Cypress real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cypress appreciation rates continue to be some of the highest in America, at 15.05%, which is higher than appreciation rates in 87.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cypress. Cypress appreciation rates in the latest quarter were at 4.73%, which equates to an annual appreciation rate of 20.31%.
Importantly, this makes Cypress one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Texas, our data show that Cypress's latest annual appreciation rate is higher than 90% of the other cities and towns in Texas.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Cypress differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cypress - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Cypress real estate investment or home purchase decisions.
$510,753
for Texas
for nation
62,880
$2,337 / per month