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These days, finding an affordable place to live in the Cypress area can be challenging. Home prices in Cypress are now at a median cost of $895,168, higher than the California average of $812,006.
The average cost of rent is $2,648/mo in Cypress, primarily driven by the current value of real estate in the Cypress area. In Cypress, 30.90% of households rent, and 33.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cypress is $11,755 per month. Households that rent pay about 22.52% of their income on rent here. Cypress’s most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Los Alamitos, CA: equally priced homes
- La Palma, CA: equally priced homes
- Hawaiian Gardens, CA: less expensive homes
- Stanton, CA: less expensive homes
- Rossmoor, CA: higher priced homes
- Buena Park, CA: less expensive homes
- Cerritos, CA: equally priced homes
- Artesia, CA: less expensive homes
- Seal Beach, CA: higher priced homes
- Lakewood, CA: less expensive homes
Cities with Similar Populations
- Cerritos, CA: equally priced homes
- Princeton, FL: less expensive homes
- Haltom City, TX: less expensive homes
- Holly Springs, NC: less expensive homes
- Lompoc, CA: less expensive homes
- Marion, OH: less expensive homes
- Martinez, CA: less expensive homes
- Milford, CT: less expensive homes
- Morganton, NC: less expensive homes
- Morrisville, PA: less expensive homes
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