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City · 10,077 residents · Polk County, Florida

Cypress Gardens , Florida

In Cypress Gardens, a typical home is worth $287,100 and typical rent is $1,369 a month. Compared with all of Polk County, typical household income is 14% higher, the typical home value is 8% higher, and the share of households that own their home is 5 points higher.

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  • Typical home value

    $287,100

    8% above the county

    20% below Florida

    • Cypress Gardens
    • Polk
    • Florida

  • Typical rent

    $1,369a month

    About the same as the county

    18% below Florida

    • Cypress Gardens
    • Polk
    • Florida

  • Typical household income

    $75,483a year

    14% above the county

    About the same as Florida

    • Cypress Gardens
    • Polk
    • Florida

  • Households that own their home

    76%

    5 points above the county

    8 points above Florida

    • Cypress Gardens
    • Polk
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Cypress Gardens is in Polk County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Polk County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cypress Gardens apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Inwood, the typical home value is $142,300: 50% less than in Cypress Gardens ($287,100).

  2. Nearby, in Lake Wales, the typical rent is $1,110: 19% less than in Cypress Gardens ($1,369).

  3. 76% of households in Cypress Gardens own their home, against 70% in Polk County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Cypress Gardens

What homes there are in Cypress Gardens, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Cypress Gardens: 80% of homes, more than in Polk County (62%).

Year built

Homes in Cypress Gardens are older: the typical year built is 1979; in Polk County, 1992.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,665 a month

Polk County: $1,716 a month

Without a mortgage

$639 a month

Polk County: $545 a month

Owners with a mortgage

56%

Polk County: 56%

In Cypress Gardens, 56% of owners have a mortgage; their typical cost is $1,665 a month, about the same as in Polk County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The Census does not compare Cypress Gardens with 2015–2019 because its boundaries changed. In Polk County, over that time, the typical home value rose 77%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCypress GardensPolk CountyFloridaUnited States
Rental vacancy Unreliable estimate5.1%7.6%5.5%
Homeowner vacancy Unreliable estimate1.5%1.4%0.9%
More than one person per room Unreliable estimate3.4%3.3%3.4%
People per household 2.562.682.512.53
Drive alone 86%75%70%69%
Carpool Unreliable estimate9%9%9%
Public transit Unreliable estimate0%1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 7%12%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Polk County, a household in Cypress Gardens has 2.56 people on average.

To get to work, 86% of workers in Cypress Gardens drive alone; in Polk County, 75%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cypress Gardens?

A typical home costs more than the typical income allows

We start with a typical home in Cypress Gardens, worth $287,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Cypress Gardens, which is $75,483 a year. For that payment to be 28% of income, a household would need to earn about $99,077 a year.

The calculator's FHA and conventional loan limits are those of all of Polk County.

Your numbers

Local data
$

Starts at the typical home value in Cypress Gardens. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $10,049 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,312

at 7.18% · 30 years

Loan amount
$281,899
Total interest
$405,587
Paid off in
November 2056

Includes $4,848 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,761 a month

  • Tight

    $1,761 to $2,264 a month

  • Hard

    more than $2,264 a month

    Your payment · 37%

Compared with the typical household income in Cypress Gardens ($75,483 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,312
Principal & interest$1,910
Property tax$156
Home insurance$120
FHA mortgage insurance (MIP)$127

You need at least $10,049 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cypress Gardens and Polk County

Cypress Gardens is in Polk County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cypress Gardens's own numbers

Typical home value
$287,100
Typical monthly rent
$1,369
Typical yearly household income
$75,483
Households that own their home
76%
Effective property tax rate
0.65%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Polk County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,608
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
3.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Polk County.

Everything about Polk County

Buying

Buying a home in Cypress Gardens

A typical home in Cypress Gardens is worth $287,100: 8% above the county and 20% below Florida. With the typical household income in Cypress Gardens ($75,483 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cypress Gardens 3.8 years
  • Polk 4.0 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Polk County

According to FHFA’s house price index, home prices in Polk County rose 141% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Polk County.

Period County Florida U.S.
Last year (2025) −1.2% −0.5% +2.9%
5 years (2020–2025) +58% +60% +47%
10 years (2015–2025) +141% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cypress Gardens next to Polk County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cypress Gardens $287,100
  • Polk $266,500
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Cypress Gardens $1,369
  • Polk $1,363
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Cypress Gardens $75,483
  • Polk $65,978
  • Florida $74,568
  • United States $80,734
See the full table
Cypress Gardens next to Polk County and Florida
Measure Cypress Gardens Polk County Florida U.S.
Typical home value $287,100 $266,500 $359,000 $332,700
Typical monthly rent $1,369 $1,363 $1,669 $1,413
Typical yearly household income $75,483 $65,978 $74,568 $80,734
Households that own their home 76% 70% 68% 65%
Typical yearly property tax $1,860 $1,933 $2,730 $3,119
Effective property tax rate 0.65% 0.73% 0.76% 0.94%
Renters with high rent for their income 49% 54% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Polk County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cypress Gardens

For a typical $287,100 home in Cypress Gardens, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cypress Gardens's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,312a month

    Least cash to close
    Down payment
    $10,049
    Cash to close
    $18,662
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $127

  • Conventional, 5% down $2,259a month

    Down payment
    $14,355
    Cash to close
    $22,968
    Rate
    7.18%
    Mortgage insurance
    PMI · $136

  • Conventional, 20% down, no PMI $1,831a month

    Down payment
    $57,420
    Cash to close
    $66,033
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,096a month

    Down payment
    $43,065
    Cash to close
    $51,678
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cypress Gardens and for Polk County.

Property tax

Effective rate in Cypress Gardens

0.65%of the home’s value each year

$1,860 a year for the typical owner in Cypress Gardens.

  • Cypress Gardens 0.65%
  • Polk 0.73%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Polk County

FEMA does not publish these numbers by city: they are for all of Polk County.

Homes in the high-risk zone
3.9%
10,707
Of those, with NFIP insurance
37%
County Florida U.S.
Homes in the high-risk zone 3.9% 13% 3.5%
Of those, with NFIP insurance 37% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cypress Gardens

Typical rent in Cypress Gardens is $1,369 a month: about the same as the county. In Cypress Gardens, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Polk County, by unit size. To pay the 2-bedroom one ($1,608 a month) without spending more than 30% of your income, you would need to earn $30.92 an hour working full time.

HUD fair market rent for all of Polk County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,258 $24.19 $50,320
1 bedroom $1,338 $25.73 $53,520
2 bedrooms $1,608 $30.92 $64,320
3 bedrooms $2,212 $42.54 $88,480
4 bedrooms $2,688 $51.69 $107,520

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cypress Gardens

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cypress Gardens is in ZIP code 33884.

For 2 bedrooms it is $1,860: $252 more than the fair market rent for Polk County ($1,608).

  • 33884 $1,860$2,560

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cypress Gardens when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Cypress Gardens

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Polk County; 1 says it serves in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Cypress Gardens

No down payment, repair or rent-help program on our list is for Cypress Gardens or Polk County. The ones below are statewide in Florida: they work in Cypress Gardens the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Cypress Gardens

The HUD-approved agencies closest to the center of Cypress Gardens, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing and Neighborhood Development Services of Central Florida, Inc.

    825 E Main St, Lakeland · 16 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (863) 682-1025

  • Community Legal Services of Mid-Florida, Inc. - Kissimmee Office

    800 N Main St, Kissimmee · 27 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (386) 255-6573

  • University of Florida/Florida Cooperative Extension - Osceola County Cooperative Extension Service

    1921 Kissimmee Valley Ln, Kissimmee · 28 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (321) 697-3000

Every agency in Polk County All counseling agencies in Florida

Help in Spanish near Cypress Gardens

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cypress Gardens

In HUD’s record, no housing authority with an office in Polk County is named for Cypress Gardens or Polk County.

5 other authorities have an office in Polk County: see the list Source: HUD

Cities

Other cities in Polk County

These cities are also in Polk County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Polk County Housing in Florida
See 11 more cities in Polk County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Cypress Gardens, with the typical home value.

Neighboring counties

If Polk County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cypress Gardens.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Cypress Gardens

Short answers with the numbers for Cypress Gardens and all of Polk County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cypress Gardens?

The typical home value in Cypress Gardens is $287,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Polk County it is $266,500.

How much does it cost to rent in Cypress Gardens?

Typical rent in Cypress Gardens is $1,369 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Polk County is $1,608.

What is the FHA loan limit in Cypress Gardens?

Cypress Gardens uses the FHA limit for all of Polk County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cypress Gardens?

The typical homeowner in Cypress Gardens pays $1,860 a year, according to the U.S. Census Bureau. That is 0.65% of the home’s value; in Polk County, the rate is 0.73%.

Where can I find free help to buy or rent in Cypress Gardens?

There is 1 HUD-approved counseling agency with an office in Polk County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).