According to statistics, the population in Cypress, CA amounts to 49,108, which shows decline 0% compared to the previous year. The median age of the city’s residents is 42. The average household income is $90,345, shifting growth 7% from the past year, and the average property value in Cypress, CA growth 7% to $576,500 throughout the year.
|Number Of Employees||24,241|
|Median Property Value||$576,500|
The average household income in Cypress, CA grew from $84,469 to $90,345 in the past year. This data is an estimate based upon 15,840 households in Cypress, CA . The chart below presents how household income is distributed in Cypress, CA in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cypress, CA shifted from $540,900 to $576,500 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cypress, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cypress, CA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cypress, CA compared to median property taxes around the country. The prevalent amount of property taxes in Cypress, CA equals $3000, which is less than the national average.
|Apr||vs Last Month|
|4+ bed apartments||$1,094,000||-14.5%|
During April 2023, the average price for an apartment in/near Cypress, CA decreased by 23.4% to $778,993.
Knowing the current property prices is key if you plan to buy a studio in Cypress, CA. The average price for a studio has decreased since the last month, currently being $140,000. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $569,666. A 3-bed apartment goes for $780,150, it increased by 1.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 14.5% and made it down to $1,094,000.
|Apr||vs Last Month|
|Condos for sale||$645,166||-16.8%|
|Apartments for sale||$140,000||-25.7%|
|Houses for sale||$984,986||-16.9%|
The average cost of an apartment in Cypress, CA decreased by 25.7% to $140,000. Price reports demonstrate that house price decreased by 16.9% this month making it up to $984,986. Condos faced an upward trend these days. The median price for a condo decreased by 16.8%, it’s now available for $645,166.