Cypress TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Cypress, TX 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Cypress Housing Market Information

With 150,202 people, 4,364 houses or apartments, and a median cost of homes of $277,913, 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 85.04% of Cypress's homes, and 78.63% 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. 69.59% 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 ( 28.33%), and between 1940-1969 ( 2.05%).

Cypress Home Appreciation Rates

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 59.95% over the last ten years, which is an average annual home appreciation rate of 4.81%, 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.

NeighborhoodScout's data show that during the latest twelve months, Cypress's appreciation rate, at 6.08%, has been at or slightly above the national average. In the latest quarter, Cypress's appreciation rate has been -0.44%, which annualizes to a rate of -1.74%.

Notably, Cypress's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Cypress's latest annual appreciation rate is higher than 70% 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.

Average Home Values

 

Median Home Value:
$277,913

Cypress, TX HOME PRICES

Value Range
> $1,214,000 0.6
$910,001 - $1,214,000 0.8
$607,001 - $910,000 5.4
$486,001 - $607,000 7.5
$364,001 - $486,000 17.7
$243,001 - $364,000 28.6
$121,001 - $243,000 35.3
$61,001 - $121,000 2.5
$0 - $61,000 1.6

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
23.9649635036496 11.3482056256062

Number Of Homes And Apartments:
4,364

Cypress Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
93.58% 3.32%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,919 / per month

Homeownership Rate

Homeownership
Owners 85.04
Renters 14.96
Vacant 4.77

Housing Market Details

 

Age of Homes

AGE OF Cypress HOMES
2000 or Newer 69.6
1970 - 1999 28.3
1940 - 1969 2.1
1939 or Older 0.0

Types of Homes

TYPE OF Cypress HOMES
Single-Family 89.3
Townhomes 1.2
Small Apt. Buildings 0.7
Apt. Complexes 8.0
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Cypress HOMES
No Bedroom 0.62
1 Bedroom 3.41
2 Bedrooms 5.94
3 Bedrooms 36.76
4 Bedrooms 41.87
5 or more bedrooms 11.41