Cypress, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Cypress Neighborhoods Since 2000




Cypress, CA Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Cypress Housing Market Information

With 49,290 people, 15,807 houses or apartments, and a median cost of homes of $639,407, real estate costs in Cypress are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Cypress, accounting for 62.29% of the city's housing units. Other types of housing that are prevalent in Cypress include row houses and other attached homes ( 18.01%), large apartment complexes or high rise apartments ( 15.85%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.38%).

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 65.87% of Cypress's homes, and 64.67% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cypress's housing was primarily built during this period, from the '40s through the '60s. A full 48.10% of the city's housing hails from this era. Other housing ages represented in Cypress include homes built between 1970-1999 ( 46.55%) and housing constructed between 2000 and later ( 4.29%). There's also some housing in Cypress built before 1939 ( 1.06%).

Cypress Home Appreciation Rates

Appreciation rates for homes in Cypress have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.42%, which ranks in the top 50% nationwide. This equates to an annual average Cypress house appreciation rate of 0.34%.

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 5.77%, which is higher than appreciation rates in 72.06% 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 1.99%, which equates to an annual appreciation rate of 8.20%.

Importantly, this makes Cypress one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Cypress's latest annual appreciation rate is lower than 80% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. 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.

Average Home Values

 

Median Home Value:
$639,407

Cypress, CA HOME PRICES

Value Range
> $1,249,000 1.1
$937,001 - $1,249,000 9.8
$625,001 - $937,000 40.0
$500,001 - $625,000 24.8
$375,001 - $500,000 16.2
$250,001 - $375,000 2.9
$125,001 - $250,000 0.7
$62,001 - $125,000 1.7
$0 - $62,000 2.8

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
3.3341146138521 26.984126984127

Number Of Homes And Apartments:
15,807

Cypress Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
128.86% 4.92% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,281 / per month

Homeownership Rate

Homeownership
Owners 65.87
Renters 34.13
Vacant 1.87

Housing Market Details

 

Age of Homes

AGE OF Cypress HOMES
2000 or Newer 4.3
1970 - 1999 46.6
1940 - 1969 48.1
1939 or Older 1.1

Types of Homes

TYPE OF Cypress HOMES
Single-Family 62.3
Townhomes 18.0
Small Apt. Buildings 2.4
Apt. Complexes 15.8
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Cypress HOMES
No Bedroom 0.65
1 Bedroom 6.02
2 Bedrooms 20.88
3 Bedrooms 35.33
4 Bedrooms 29.34
5 or more bedrooms 7.79