Cypress, TX Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cypress, TX Housing Market Trends

With 152,080 people, 4,749 houses or apartments, and a median cost of homes of $285,184, 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 84.09% of Cypress's homes, and 78.93% 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. 70.68% 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 ( 27.12%), and between 1940-1969 ( 2.08%).

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 59.29%, which ranks in the top 30% nationwide. This equates to an annual average Cypress house appreciation rate of 4.77%.

Over the last year, Cypress appreciation rates have trailed the rest of the nation. In the last twelve months, Cypress's appreciation rate has been 3.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cypress were at 1.49%, which equates to an annual appreciation rate of 6.08%.

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 lower 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.

Average Home Values

 

Median Home Value:
$285,184

Cypress, TX HOME PRICES

> $1,156,000
0.6%
0.6%
$867,001 - $1,156,000
0.6%
0.6%
$578,001 - $867,000
5.0%
5.0%
$462,001 - $578,000
7.6%
7.6%
$347,001 - $462,000
18.6%
18.6%
$231,001 - $347,000
31.2%
31.2%
$116,001 - $231,000
32.6%
32.6%
$58,001 - $116,000
2.0%
2.0%
$0 - $58,000
1.7%
1.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
4,749

Cypress Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
93.10% 3.11%
2
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,134 / per month

Homeownership Rate

Owners
84.1%
84.1%
Renters
15.9%
15.9%
Vacant
5.2%
5.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
70.7%
70.7%
1970 - 1999
27.1%
27.1%
1940 - 1969
2.1%
2.1%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
88.7%
88.7%
Townhomes
1.3%
1.3%
Small Apt. Buildings
0.8%
0.8%
Apt. Complexes
8.4%
8.4%
Mobile Homes
0.8%
0.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
3.6%
3.6%
2 Bedrooms
6.4%
6.4%
3 Bedrooms
35.4%
35.4%
4 Bedrooms
43.6%
43.6%
5 or more bedrooms
10.4%
10.4%
0.0% 100.0%
% OF HOMES