Cypress Cove median real estate price is $2,243,356, which is more expensive than 97.1% of the neighborhoods in California and 99.4% of the neighborhoods in the U.S.
The average rental price in Cypress Cove is currently $2,672, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.7% of California neighborhoods.
Cypress Cove is a suburban neighborhood (based on population density) located in San Clemente, California. This is a coastal neighborhood (i.e., is on the ocean, a bay, or inlet).
Cypress Cove real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Cypress Cove neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
In Cypress Cove, the current vacancy rate is 2.1%, which is a lower rate of vacancies than 87.0% of all neighborhoods in the U.S. This means that the housing supply in Cypress Cove is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
Real Estate
Do you like a coastal setting? If so, this neighborhood may be to your liking. The Cypress Cove neighborhood is on the ocean, a bay, or inlet. Often such coastal places have amenities and recreational activities on the waterfront that are attractive to residents and visitors alike. In addition to being coastal, Cypress Cove is a very nautical neighborhood, meaning that it is somewhat historic, walkable, densely populated and on the water. This gives the neighborhood a very nautical feel, with some seaside and shipping feel, which some may really enjoy the sights and sounds of.
In addition, most neighborhoods are composed of a mixture of ages of homes, but the Cypress Cove stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 85.4% of the residential real estate here was built in this one time period.
People
Of note is NeighborhoodScout's research finding that the Cypress Cove neighborhood has some of the lowest rates of children living in poverty of any neighborhood in the United States. In a nation where approximately 1 in 4 children are living in poverty, the Cypress Cove community truly stands out from the rest in this regard.
In addition, if you are planning to retire in California, this neighborhood should be on your must-see list. For many reasons, Cypress Cove may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in California, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.8% of neighborhoods in CA. If a California retirement is in your future, this neighborhood should be one of the places you visit.
Occupations
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Cypress Cove neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.2% of all American neighborhoods.
Modes of Transportation
In the Cypress Cove neighborhood, many people's commute means walking from the bedroom to the home office. NeighborhoodScout's analysis found that 23.9% of residents worked from home. This may not seem like a large number, but Scout's research shows that this is a higher percentage of people working from home than 95.8% of the neighborhoods in America. Often people who work from home are engaged in the creative or technological economy, such as is found in areas around Boston, and in Silicon Valley. Other times, people may be engaged in other businesses like trading stocks from home, or running a small beauty salon.
Length of Commute
Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Cypress Cove neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Cypress Cove neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 58.5% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 95.4% of U.S. neighborhoods. Less time commuting means more time for other things in life.
Diversity
Did you know that the Cypress Cove neighborhood has more Lebanese and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.6% of this neighborhood's residents have Lebanese ancestry and 3.0% have Ukrainian ancestry.
Cypress Cove is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 98.0% of the neighborhoods in America.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Cypress Cove neighborhood in San Clemente are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.5% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Cypress Cove neighborhood, 44.5% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 31.9% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (12.9%), and 10.7% in manufacturing and laborer occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Cypress Cove neighborhood is English, spoken by 89.1% of households. Other important languages spoken here include Italian, Tagalog (the first language of the Philippine region), Chinese and Arabic.
Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Cypress Cove neighborhood in San Clemente, CA, residents most commonly identify their ethnicity or ancestry as Asian (13.9%). There are also a number of people of Italian ancestry (12.2%), and residents who report Mexican roots (11.2%), and some of the residents are also of German ancestry (9.1%), along with some Irish ancestry residents (6.0%), among others. In addition, 14.4% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Cypress Cove neighborhood spend under 15 minutes commuting one-way to work (58.5% of working residents), one of the shortest commutes across America.
Here most residents (73.0%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
