Located in Harris County, Cypress, Texas is around 25 miles from downtown Houston, and is one of the largest suburbs of that city. Cypress has a population of 51,200 residents with a median annual income of $96,089. Homes in this unincorporated community are primarily three and four bedroom, single-family dwellings, with over sixty percent of houses constructed in the year 2000 and later. Median home values in the area are approximately $238,000.
According to an analysis by Cy-Fair Real Estate, the top three neighborhoods in Cypress are Bridgeland, Fairfield, and Coles Crossing. Bridgeland, situated on 11,400 acres, is the largest master planned community in Cypress. The oldest homes in this neighborhood were built in 2006 and construction continues with prices ranging from $250,000 to $1,000,000 depending on home size. The master planned community of Fairfield sits on 3,200 acres that includes homes built as early as 1988 and continuing into the preset. Prices for homes in Fairfield start in the $220,000 range. One of the smaller master planned communities in Cypress is Coles Crossing which encompasses 1,200 acres. Home construction began in 1998 with current home prices ranging from $200,000-$800,000. All three communities have "A" rated schools and a multitude of amenities.
Future job growth in Cypress, Texas is project at 41.20 percent and the current unemployment rate of 4.9 percent is slightly lower than the national average of 5.3 percent. Many of the job opportunities for residents of Cypress actually exist in Houston, with the three largest employers being Memorial Hermann Healthcare System with 19,500 employees, Continental Airlines with 16,000 employees and The University of Texas M.D. Anderson Cancer Center with 15,000 employees. Other major employers include Exxon Mobile, Shell Oil Company and Kroger Company. The combination of lower unemployment rates, employment availability and reasonably priced housing in great neighborhoods makes Cypress, Texas a great place to live.