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Cypress Lake

Learn about the people, housing, costs and businesses in Cypress Lake, Florida

Median Home$270,703
Median Rent$1,820/month
Population13,251
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality5% education
Home Value Growth⬆⬆+20.4% over 2 years
Retirees46% of residentstop 1% nationally
Homeowners78% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableVeteran Community10% of residents · top 14% nationally
Cypress Lake
FL

Frequently Asked Questions

What are today's mortgage rates in Cypress Lake?

As of today, the 30-year fixed mortgage rate for Cypress Lake is approximately 6.995% (7.035% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cypress Lake?

The median home value in Cypress Lake is $271k. The median monthly rent is $1,820. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cypress Lake?

Home values in Cypress Lake have increased 20.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Cypress Lake?

Based on a typical all-in ownership cost of $1,130/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cypress Lake is $59k/year.

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What industries drive the economy in Cypress Lake?

The largest employment sectors in Cypress Lake are public administration (23%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.