Dripping Springs appreciation rates and housing market information

Dripping Springs housing market information

With a population of 9,583, 7,919 total housing units (homes and apartments), and a median house value of $318,208, Dripping Springs house prices are not only among the most expensive in Texas, Dripping Springs real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Dripping Springs, accounting for 82.37% of the town's housing units. Other types of housing that are prevalent in Dripping Springs include mobile homes or trailers (10.87%), duplexes, homes converted to apartments, or other small apartment buildings (3.51%), large apartment complexes or high rise apartments (1.57%), and a few row houses and other attached homes (1.15%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Dripping Springs. Owner-occupied housing accounts for 82.54% of Dripping Springs's homes, and 75.15% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dripping Springs built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dripping Springs built from 1995 and later (25.52%). A lesser amount of the housing stock also hails from 1940-1969 (5.76%), and some were built from 1939 and earlier (5.76%).

Dripping Springs home appreciation rates

Appreciation rates for homes in Dripping Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.99%, which ranks in the top 30% nationwide. This equates to an annual average Dripping Springs house appreciation rate of 8.79%.

Appreciation rates are so strong in Dripping Springs that despite a nationwide downturn in the housing market, Dripping Springs real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dripping Springs appreciation rates continue to be some of the highest in America, at 2.74%, which is higher than appreciation rates in 72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dripping Springs. Dripping Springs appreciation rates in the latest quarter were at -0.53%, which equates to an annual appreciation rate of -2.12%.

Notably, Dripping Springs's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Dripping Springs's latest annual appreciation rate is higher than 35% of the other cities and towns in Texas.