Dripping Springs, Austin, TX—78737
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dripping Springs, Austin, TX
As of Oct '25, the median home price in Dripping Springs, Austin, TX is $765,000, with a year-over-year change of -4.4%. This indicates that home prices in Dripping Springs, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $765,000 | -4.4% |
| Single Family | $771,000 | -4.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $648,000 | -4.8% |
4 Bed | $776,000 | -4.3% |
| 5 Bed | $946,000 | -4.5% |
% of Housing Stock
Rental Trends — Dripping Springs, Austin, TX
As of July '25, Rentcast reports the average rent in Dripping Springs, Austin, TX is $3,660, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Dripping Springs, Austin, TX is studios: $1,350, 1-bedrooms: $1,420, 2-bedrooms: $2,150, 3-bedrooms: $3,480, 4-bedrooms: $3,790. The most common rental property sizes in Dripping Springs, Austin, TX are 3-bedroom and 2-bedroom, accounting for 35.2% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,660 |
| Studio Rent | $1,350 | $1,350 |
| 1 Bed Rent | $1,350 | $1,420 |
| 2 Bed Rent | $2,250 | $2,150 |
| 3 Bed Rent | $3,300 | $3,480 |
| 4 Bed Rent | $3,500 | $3,790 |
% of Rental Stock
Property Listings — Dripping Springs, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Dripping Springs, Austin, TX is 86. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $861,000 | 2.0% |
Listing Count | 132 | -10.0% |
| Listings as % of Homes | 0.7% | -10.0% |
Days on Market | 86 | 12.0% |
Demographics — Dripping Springs, Austin, TX
As of the latest ACS Survey released in 2023, Dripping Springs, Austin, TX has a population of 26,400, which has increased by 63.4% over the past 5 years. Dripping Springs, Austin, TX is a popular place for families, as children make up 33.2% of the population. The area has a highly educated workforce, with 64.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,400 | 63.4% |
% Under 18 | 33.2% | 12.5% |
% Seniors | 13.7% | 8.7% |
% WFH | 34.3% | 86.4% |
% w/ College Degree | 64.3% | 3.7% |
As of the latest ACS Survey released in 2023, Dripping Springs, Austin, TX is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 9.5% in the last 5 years. The second most common race or ethnicity in Dripping Springs, Austin, TX is hispanic, making up 20.9% of the population. Foreign-born residents account for 7.5% of the population in Dripping Springs, Austin, TX, and this percentage has decreased by 21.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 68.4% | -9.5% |
% Black | 1.6% | -38.5% |
% Hispanic | 20.9% | 39.3% |
% Asian | 4.3% | 22.9% |
% Foreign Born | 7.5% | -21.9% |
Mortgage and Risk — Dripping Springs, Austin, TX
According to HUD data as of 2023, there were 634 mortgage originations in Dripping Springs, Austin, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Dripping Springs, Austin, TX. Investor activity is low, as 0.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 634 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Dripping Springs, Austin, TX
As of 2024, the percent of homes in Dripping Springs, Austin, TX under the Section 8 program is 0.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Dripping Springs, Austin, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $860 | $1,350 | $2,210 |
| 2 Bedroom | $360 | $2,250 | $2,610 |
| 3 Bedroom | $30 | $3,300 | $3,330 |
| 4 Bedroom | $360 | $3,500 | $3,860 |
Affordability — Dripping Springs, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $765,000 |
| Median Household Income | $164,000 |