Cypress Property Management

Ready to Invest in Cypress, Texas? Here’s What You Need to Know

The Houston area is one of the most populated and most interesting regions of the state, but if you’re thinking of investing in property or buying a home, downtown Houston may not be your first choice. The prices in Houston are high, and you may face noise and accessibility issues, depending on where you invest. However, the suburbs present a valuable alternative option, giving you close access to the city with better property values and a more rural feel.

But what is it like to invest in Cypress, Texas? And is it the best place for you?

Location

Cypress is a city in Harris County, Texas, sitting about 25 miles northwest of downtown Houston. Cypress is what’s known as an unincorporated city, meaning it isn’t formally described in legal terms. However, most people consider the southern border to exist as FM 529 Road, with Highway 249 as the upper bound of the area. The western and eastern borders are usually considered to be Highway 6 and FM 1960 Road, respectively.

As for the type of land you’ll encounter, Cypress is split into two main regions. Northeast of US 290, you’ll find dense forested areas, but southwest of US 290 is more open, with grassy fields; many ranches and farms make good use of this area. Like most of Texas, the region experiences mild winters, but extreme heat in the summer.

Population and Demographics

The population of Cypress is close to 26,000, with 72 percent of the population holding a bachelor’s degree or higher. It’s also an affluent community, with 60 percent of the population earning a household income of $75,000 or more, and 20 percent earning $150,000 or more. Ages are relatively evenly distributed in the community, with 26 percent of the population falling between 25 and 39, and another 28 percent falling between 40 and 64. Education and healthcare are the most popular types of employment, hosting 20 percent of the population, but blue-collar workers, especially in agriculture, are still common, thanks to the geography of the area.

Area History

For much of its history, Cypress was a rural town, occupied largely by farmers and ranchers. Originally occupied by Atakapa and Akokisa Indian tribes, German settlers formed the foundation of the town as we know it today. Settlers began to form a community around Cypress Creek as early as 1840, and there was a small population boom after oil was discovered nearby in 1904. Still, by the mid-1980s, Cypress still had a population of only 100 people.

In the mid-1980s, Cypress experienced another overhaul, with new residential and commercial developments from wealthy investors looking to make use of the area. It’s now considered one of the highest-income urban areas in the United States.

Education

Thanks, in part, to its affluent citizens and small population size, Cypress school districts are some of the best that Texas has to offer, with multiple top-rated elementary, middle, and high schools. The Cypress-Fairbanks Independent School District (CFISD) is the organization responsible for overseeing and managing the area’s 53 elementary schools, 18 middle schools, and 11 high schools.

Cypress Woods High School, for example, boasts a graduation rate of more than 97 percent, and features a low class size, with 18 students per classroom. Other schools include Cy-Fair High School, Langham Creek High School, Cypress Creek High School, Cypress Falls High School, Cypress Springs High School, Cypress Lakes High School, Cypress Ridge High School, Jersey Village High School, Cypress Ranch High School, and Cypress Park High School. Most of the facilities in the area have been around since the 1990s, much like the houses, and accordingly, are high quality structures. Lone Star College also serves the area’s high school graduates.

Things to Do

If you’re looking for attractions and amenities, these are some of the most popular choices in the area:

• Tin Hall was one of the oldest continually running dance halls in Texas, originally opened in 1889. It closed down in 2015, but still remains a historical landmark in the area.
• The Berry Center, a multi-use complex in the city, offers an auditorium, a football stadium, a basketball stadium, and a catering facility, among other things.
• The Cypress Creek Greenway Project is an ongoing parks development project that’s helping residents get in touch with nature, with long-running trails and open access.
• Telge Park is one of the most popular parks in the area, with 111 acres of woods, grass, trails, and playgrounds.
• Golf courses are all over the place in Cypress, including Longwood, Black Horse, and Houston National golf courses.

Home Prices and Trends

Cypress properties tend to be more expensive than most of the surrounding Houston areas, often due to the size and quality of the homes, and the large size of the property occupied by property owners. The median list price for a home is roughly $358,000, compared to $376,500 a year ago, with a median price of $117 per square foot.

There are almost no historical properties in Cypress, so if you’re looking for modern, low-maintenance buildings, it’s a good place to start. Only 8 percent of its homes were built between 1950 and 1990, with 92 percent of its homes built after 1990. However, it’s also an area dominated by homeowners, with only 11 percent of the population renting.

Is Cypress the Best Place for You?

Cypress may be the best place for you to buy if:

• You want a low-maintenance home. Since most of the homes in Cypress have been built within the past two decades, it’s an ideal place to buy if you want your home to be maintenance-free. Older homes offer charm and character, but also demand costly renovations and repairs.
• You want to stay away from the city. You won’t be too far from Houston, but you’ll be far enough away to avoid the problems of noise, traffic, and other bothersome aspects of the city.
• You’re interested in owning. With a renting population of only 11 percent, Cypress isn’t the best place to invest if your main priority is renting to tenants. If you want to own, however, home prices are relatively low right now, and property values are likely to remain strong for the next several years, at least.
• You want the best education for your children. If you have children and are looking for the best possible education, Cypress is a good place to settle down. Cypress also has a kid-friendly environment, with lots of parks and attractions to keep them busy and interested.

If you’re ready to start looking at properties in the Cypress area, be sure to try out our robust property search tool. Within minutes, you’ll generate a list of properties that meet all your criteria so you can take the next step in your research. And, as always, feel free to reach out to Green Residential for further help.