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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 $153,563, lower than the Tennessee average of $315,131.
The average cost of rent is $744/mo in Cypress, primarily driven by the current value of real estate in the Cypress area. In Cypress, 30.62% of households rent, and 61.95% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cypress is $5,567 per month. Households that rent pay about 13.36% of their income on rent here. Cypress’s most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Cairo, TN: less expensive homes
- Alamo, TN: equally priced homes
- Maury City, TN: less expensive homes
- Frog Jump, TN: less expensive homes
- Quincy, TN: equally priced homes
- Crockett Mills, TN: higher priced homes
- Rudolph, TN: less expensive homes
- Bells, TN: higher priced homes
- Johnsons Grove, TN: higher priced homes
- Fruitvale, TN: higher priced homes
Cities with Similar Populations
- O'Brien, TX: less expensive homes
- Mount Vinco, VA: higher priced homes
- Mount Zion, IN: higher priced homes
- Mulberry, AL: less expensive homes
- Muncie Hollow, OH: higher priced homes
- Munson, MI: equally priced homes
- Naomi, MI: higher priced homes
- Nash, ND: equally priced homes
- Nebo, LA: less expensive homes
- New Frankfort, IN: higher priced homes
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