Cypress, Texas Short-Term Rental Market
Cypress, TX STRs averaged $159/night at 51.6% occupancy in April 2026, with nearly flat revenue growth despite occupancy softening.
Quick Answer: Cypress, Texas is an active short-term rental market. average occupancy is 61%. average monthly revenue is $3,129. average daily rate is $198. the top operator is Phillip Houston Property Manager with 439 listings. market score is 55/100 (grade C).
Market data reflects the Houston regional market, which includes Cypress. Regulations, taxes, and permit details below are specific to Cypress.
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Cypress is a large unincorporated community in northwest Harris County with a population of approximately 212,857, positioned within the Houston metropolitan area rather than as a standalone tourism destination. STR demand is driven by regional visitors, corporate and sports event travelers, golfers, and people visiting relatives in one of the fastest-growing suburban areas in Texas. Key demand generators include Houston Premium Outlets (145+ stores), the Berry Center entertainment complex, multiple golf courses, and the broader Houston metro event calendar.
In April 2026, the average daily rate was $159.40 and occupancy reached 51.6%, producing a RevPAR of $82.31. Year-over-year trends in April 2026 were mixed: occupancy fell 7.83 percentage points while ADR grew 2.55% and monthly revenue was nearly flat at +0.70%. The listing inventory is very large, with 21,579 entire-place listings, 4,464 private-room listings, and 79 shared-room units. Channel distribution heavily favors Airbnb: 15,749 Airbnb-only listings versus 1,154 VRBO-only, with 9,219 on both platforms.
The bedroom mix is unusual for a suburban market: 1-bedroom units lead at 10,632 listings (reflecting the area’s large apartment-style STR inventory), followed by 3-bedroom (6,317) and 2-bedroom (4,835). Larger properties include 2,892 four-bedroom and 1,391 five-bedroom-or-larger units.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 53% | $118 | $1,779 |
| Feb | 60% | $122 | $1,823 |
| Mar | 64% | $140 | $2,449 |
| Apr | 57% | $132 | $2,063 |
| May | 60% | $139 | $2,229 |
| Jun | 64% | $143 | $2,390 |
| Jul | 65% | $132 | $2,351 |
| Aug | 59% | $134 | $2,234 |
| Sep | 57% | $129 | $1,969 |
| Oct | 58% | $131 | $2,067 |
| Nov | 56% | $130 | $1,934 |
| Dec | 55% | $127 | $1,947 |
Top Short-Term Rental Operators in Cypress
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Phillip Houston Property Manager | 439 | 17,180 | ★ 4.51 |
| 2 | Evolve | 358 | 8,378 | ★ 4.48 |
| 3 | Landing, Inc. | 275 | 394 | ★ 3.85 |
| 4 | Landing | 243 | 173 | ★ 3.42 |
| 5 | Lodgeur | 142 | 2,162 | ★ 4.77 |
What Kind of STR Should I Buy in Cypress?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 10,632 |
| 2 bed | 4,835 |
| 3 bed | 6,317 |
| 4 bed | 2,892 |
| 5 bed | 1,391 |
ADR by Property Tier
| Entire Home | $229 |
| Luxury | $365 |
| Professionally Managed | $270 |
Revenue by Dwelling Type
| Apartment | $2,928 |
| Entire Place | $3,545 |
| House | $3,281 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 60.3% |
| vrbo | 4.4% |
| both | 35.3% |
Investment Analysis
Cypress presents an urban-suburban investment profile with relatively affordable entry costs, near-flat revenue growth, and meaningful occupancy pressure. The typical home value was $407,492 as of April 2026, with the median sale price at $390,591 and 1,034 units currently for sale. At the April average monthly revenue of $2,456, annualized gross revenue is approximately $29,475, implying a rough gross yield of approximately 7.2% on the typical home value.
Tier comparisons show more differentiation than the blended rate suggests. The entire-home ADR of $181.35 is $22 above the all-listing average of $159.40, reflecting the drag that private-room and apartment listings exert on the blended rate. Entire-place and house-style revenue averaged $2,734 and $2,708 per month respectively, compared to $2,456 across all types. Apartment listings came in at $2,046 per month. The luxury tier commanded $274.66 per night and professionally managed properties averaged $176.90, a $17.50 premium over the market average.
The investability score of 63.60 and overall market score of 55.35 are below the other markets in this batch, reflecting the competitive pressure of a large suburban inventory, the 7.83-percentage-point occupancy decline year over year, and modest revenue growth prospects. The revenue growth sub-score of 54.24 supports this assessment. The sale-to-list ratio of 0.905 and median days to pending of 27 indicate a buyer’s market with negotiating room on entry price.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Cypress has the shortest booking lead time of the five markets in this batch at 26.96 days, meaning guests typically reserve less than four weeks in advance. This is consistent with a suburban Houston market where most demand is regional and event-driven rather than destination-oriented. Guests booking for corporate travel, sports events, or visits to relatives have shorter planning horizons than vacation travelers.
Cyprus also has the longest average length of stay in this batch at 4.87 nights, suggesting a meaningful share of longer-stay corporate or relocation guests in addition to the leisure base. The combination of a short lead window and a long average stay presents a specific pricing challenge: operators must hold availability at competitive rates late into the booking window while still capturing the longer-stay bookings that drive revenue per reservation. Dynamic pricing tools that recognize the 27-day average lead time and adjust rates in the final four-week window are particularly relevant here.
Short-Term Rental Regulations
Cypress sits in unincorporated Harris County within the City of Houston’s extraterritorial jurisdiction. It is not inside Houston city limits. As a result, there is currently no city- or county-level STR permit, license, or registration requirement for a typical Cypress property. No permit required, no owner-occupancy rule, and no annual night cap were identified as of June 2026.
Houston adopted a new STR ordinance effective January 1, 2026 requiring an annual Certificate of Registration (approximately $275 per year) and city Hotel Occupancy Tax remittance, but that ordinance applies only to properties within Houston city limits, not the ETJ. Unincorporated Cypress properties are not currently subject to it.
The primary compliance obligation for Cypress STR operators is the Hotel Occupancy Tax. The total HOT burden for a typical unincorporated Cypress property is approximately 15%, combining the 6% Texas state HOT, 7% Harris County HOT, and 2% Houston Sports Authority tax. All three apply to stays of 29 nights or fewer. Airbnb collects and remits all three for listings booked exclusively through its platform. Operators using VRBO or direct booking channels must collect and remit the county and Sports Authority portions independently. Enforcement severity is rated minimal. Private deed restrictions and HOA rules in Cypress master-planned communities frequently restrict STRs regardless of governmental permission and should be verified before acquisition.
Market Comparison
Against national STR benchmarks (U.S. median occupancy approximately 55%, median ADR approximately $220), Cypress’s April 2026 occupancy of 51.6% runs below the national median while its $159.40 ADR trails the national average. The large suburban inventory in Cypress and the absence of a high-premium destination draw keep both metrics below national norms. Revenue near $2,456 per month compares reasonably to similar suburban Houston-area markets.
Phillip Houston Property Manager leads the operator landscape with 439 listings and 17,180 reviews at a 4.51 average rating, the largest local operator in the market. Evolve holds 358 listings at 4.48. Landing, Inc. (275 listings, 3.85 rating) and Landing (243 listings, 3.42 rating) operate as what appear to be related corporate-housing platforms with notably lower guest ratings than other operators. Lodgeur manages 142 listings at a 4.77 rating, the highest-rated operator in the top five. The presence of corporate-housing platforms (Landing) alongside traditional vacation rental managers reflects Cypress’s demand mix of leisure, corporate, and relocation stays. The market’s regulation sub-score of 61.73 notes the absence of current permitting but acknowledges the HOT complexity and HOA/deed-restriction constraints.
Frequently Asked Questions About Cypress, Texas
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