LIVING IN CYPRESS
Cypress is a larger medium-sized town located in the state of Texas. With a population of 150,202 people and 15 constituent neighborhoods, Cypress is the 23rd largest community in Texas. Cypress has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Cypress, where the median household income is $105,255.00.
Cypress real estate is some of the most expensive in Texas, although Cypress house values don’t compare to the most expensive real estate in the U.S.
Cypress is a decidedly white-collar town, with fully 86.31% of the workforce employed in white-collar jobs, well above the national average. Overall, Cypress is a town of professionals, sales and office workers, and managers. There are especially a lot of people living in Cypress who work in management occupations (15.90%), sales jobs (13.92%), and office and administrative support (11.45%).
Also of interest is that Cypress has more people living here who work in computers and math than 95% of the places in the US.
Because of many things, Cypress is a great place for families with children to consider. First of all, many other families with children live here, making Cypress a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Cypress has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Cypress’s overall crime rate is lower than average for the country.
One downside of living in Cypress, however, is that residents on average have to contend with a long commute, spending on average 35.89 minutes every day commuting to work.
The citizens of Cypress are among the most well-educated in the nation: 47.16% of adults in Cypress have a bachelor’s degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor’s degree.
The per capita income in Cypress in 2010 was $40,268, which is wealthy relative to Texas and the nation. This equates to an annual income of $161,072 for a family of four. However, Cypress contains both very wealthy and poor people as well.
Cypress is an extremely ethnically-diverse town. The people who call Cypress home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cypress residents report their race to be White, followed by Black or African-American. Cypress also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 23.52% of the town’s residents. Important ancestries of people in Cypress include German, Irish, English, Italian, and French.
Cypress also has a high percentage of its population that was born in another country: 16.85%.
The most common language spoken in Cypress is English. Other important languages spoken here include Spanish and Vietnamese.
CYPRESS, TX REAL ESTATE DATA
AVERAGE HOME VALUES
MEDIAN HOME VALUE:
CYPRESS, TX HOME PRICES
RENT & OWNERSHIP
AVERAGE MARKET RENT:
$2,142 / per month
HOUSING MARKET DETAILS
AGE OF HOMES
TYPES OF HOMES
CYPRESS HOUSING MARKET INFORMATION
With a population of 150,202, 4,074 total housing units (homes and apartments), and a median house value of $259,378, 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 84.91% of Cypress's homes, and 79.97% 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. 68.47% 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 ( 29.63%), and between 1940-1969 ( 1.87%).
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 52.48% over the last ten years, which is an average annual home appreciation rate of 4.31%, 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.
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 1.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, data show that house appreciation rates in Cypress were at 0.47%, which equates to an annual appreciation rate of 1.87%.
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.
CYPRESS, TX HOME PRICES
CYPRESS POPULATION & AGE DISTRIBUTION
EDUCATIONAL ATTAINMENT OF ADULTS
PER CAPITA INCOME
MEDIAN HOUSEHOLD INCOME
INDIVIDUALS BELOW POVERTY LEVEL:
- Elementary Schools
- Middle Schools
- High Schools
Public district, PK-5 | 818 students
Public district, K-5 | 1019 students
Public district, PK-5 | 972 students
Public district, PK-5 | 1189 students
Public district, K-5 | 1300 students
Public district, PK-5 | 1082 students
Public district, PK-5 | 1061 students
Public district, PK-5 | 823 students
Public district, PK-5 | 862 students
Public district, K-5 | 1154 students
Public district, PK-5 | 986 students
Public district, PK-5 | 875 students
Public district, PK-5 | 702 students
Public district, PK-5 | 925 students
Public district, PK-5 | 831 students
Public district, PK-5 | 1062 students
Public district, PK-5 | 846 students
Public district, PK-5 | 913 students
Public district, PK-5 | 941 students
Public district, PK-5 | 1150 students
Public district, PK-5 | 877 students
Public district, PK-5 | 1146 students
Public district, PK-5 | 1140 students
Public district, PK-5 | 1156 students
Public district, PK-5 | 952 students
Public district, PK-5 | 884 students
Public district, 6-8 | 1540 students
Public district, 6-8 | 1348 students
Public district, 6-8 | 1279 students
Public district, 9-12 | 3548 students
Public district, 9-12 | 3526 students
Public district, 9-12 | 1216 students
Public district, 9-12 | 3,499 students
Public district, 9-12 | 3,114 students
Public district, 9-12 | 3,521 students