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These days, finding an affordable place to live in the Cypress Lake area can be challenging. Home prices in Cypress Lake are now at a median cost of $266,338, lower than the Florida average of $396,783.
The average cost of rent is $1,752/mo in Cypress Lake, primarily driven by the current value of real estate in the Cypress Lake area. In Cypress Lake, 24.74% of households rent, and 60.14% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cypress Lake is $5,054 per month. Households that rent pay about 34.66% of their income on rent here. Cypress Lake’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McGregor, FL: higher priced homes
- Villas, FL: equally priced homes
- Whiskey Creek, FL: higher priced homes
- Iona, FL: higher priced homes
- Fort Myers, FL: higher priced homes
- Fort Myers Beach, FL: higher priced homes
- San Carlos Park, FL: higher priced homes
- Cape Coral, FL: higher priced homes
- Coconut, FL: higher priced homes
- Gateway, FL: higher priced homes
Cities with Similar Populations
- Mountain Top, PA: higher priced homes
- Port Jervis, NY: equally priced homes
- Pontotoc, MS: less expensive homes
- Plymouth, WI: equally priced homes
- Plover, WI: equally priced homes
- Platteville, WI: equally priced homes
- Norris, TN: equally priced homes
- Newman, CA: higher priced homes
- New Franklin, OH: less expensive homes
- New Albany, MS: less expensive homes
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