Cypress Lake median real estate price is $205,651, which is more expensive than 52.4% of the neighborhoods in Florida and 54.6% of the neighborhoods in the U.S.
The average rental price in Cypress Lake is currently $1,302, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.9% of Florida neighborhoods.
Cypress Lake is a suburban neighborhood (based on population density) located in Fort Myers, Florida.
Cypress Lake real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and townhomes. Most of the residential real estate is owner occupied. Many of the residences in the Cypress Lake neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Cypress Lake. The current real estate vacancy rate here is 29.3%. This is higher than the rate of vacancies in 93.8% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (19.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.