Cypress Homes for Sale Under $500,000

In Cypress, $500,000 is above both the typical sale price near $406,000 and the average near $486,000, so a search under $500,000 covers most of the market. The map below shows current listings under $500,000.

What to compare on a Cypress home under $500,000

Cypress homes range from 1980s starter homes to lakefront and estate homes, in established neighborhoods with mature trees and in newer sections of master-planned communities such as Bridgeland and Towne Lake. Most neighborhoods have HOAs and MUD taxes, so compare the total tax rate and dues, not just the price.

Cypress is unincorporated, so the tax bill combines Harris County, Cy-Fair ISD, a MUD, an emergency services district and sometimes a PID. Ask for the MUD notice and the HOA resale certificate, and use your option period for a full inspection, including the age of the roof, HVAC system and water heater. Some neighborhoods near Cypress Creek flooded in Hurricane Harvey in 2017, so look up each address on the FEMA Flood Map Service Center and the Harris County Flood Control District's MAAPnext map.

Prices and how we help

Across all home types, 3,619 closed MLS sales with Cypress addresses from October 2025 through September 2026 had a typical price near $406,000 and an average near $486,000. We help you prepare a strong offer, plan the option period and line up the inspection.

FAQ: Cypress homes under $500,000

How much do property taxes add on a Cypress home under $500,000?

It depends on the neighborhood. Typical totals with a MUD run about 2.8 to 3.5 percent of value in Harris County, according to HAR figures cited in our Cypress guide. On a $450,000 home that is about $12,600 to $15,750 a year before exemptions. MUD rates often drop as a district pays down its bonds, so ask for the rate history. A homestead exemption takes $140,000 off the value for school taxes, but MUDs often offer no general exemption. Use the tax certificate and our mortgage calculator's MUD toggle, and confirm exemptions with a tax professional.

Which ZIP codes and communities make up Cypress?

Most Cypress addresses use ZIP codes 77429 and 77433. Our ZIP guides place Coles Crossing in 77429 and Bridgeland, Towne Lake and Fairfield in 77433. Bridgeland covers about 11,500 acres, with 75-plus parks and 250 miles of trails. Confirm the ZIP code and the taxing districts for a specific address.

What should I check on an older Cypress home before the option period ends?

Ask the age of the roof, HVAC system and water heater, and get a full inspection. Older Cypress neighborhoods often sit in established MUDs, so ask for the MUD notice, look at the rate history and read the HOA resale certificate for dues, special assessments and known violations. Flood research belongs in the same window: look up the address on the FEMA map and the MAAPnext draft maps, read the seller's disclosure notice and get a flood insurance quote.

Sources

  1. Compean Group analysis of closed MLS sales, October 2025 to September 2026, homes with Cypress addresses (postal city Cypress, TX), all property types; typical price is the median of the 12 monthly medians. Checked October 30, 2026.
  2. Compean Group, Cypress neighborhood guide, October 2026: communities, MUD and ESD notes, flood notes and tax components, including HAR's typical total rate with a MUD. Checked October 30, 2026.
  3. Compean Group ZIP guides, ZIP 77429 (Coles Crossing, Longwood and Lakewood Forest) and ZIP 77433 (Bridgeland, Towne Lake and Fairfield). Checked October 30, 2026.
  4. Bridgeland: about 11,500 acres, 75-plus parks, 250 miles of trails and villages that include Creekland Village. Checked October 30, 2026.
  5. Texas Comptroller, Property Tax Exemptions ($140,000 school-tax homestead exemption) and Tax Code Section 23.23 (10 percent annual cap on a homestead's appraised value). Checked October 30, 2026.
  6. Compean Group, MUD and PID Taxes Around Houston (October 29, 2026): why MUD rates fall as bonds are paid down and which districts offer homestead exemptions. Checked October 30, 2026.
  7. Texas Property Code Section 207.003: a property owners' association delivers its restrictions, bylaws, rules and a resale certificate within 10 business days of a written request. Checked October 30, 2026.
  8. Texas Water Code Section 49.452: MUD notice to purchasers before a binding contract, with a signed copy recorded at closing. Checked October 30, 2026.
  9. FEMA Flood Map Service Center: official flood maps by address. Checked October 30, 2026.
  10. Harris County Flood Control District, MAAPnext: draft flood maps for Harris County, for awareness only and not open for appeal. Checked October 30, 2026.

Related

Call or text (832) 777-3904, email evan@thecompeangroup.com, or use the contact page. We speak English and Spanish. Our office is at 802 W. Patton St, Houston, TX 77009.

Updated October 30, 2026.