Dripping Springs, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dripping Springs, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dripping Springs Housing Market Information

With a population of 2,483, 793 total housing units (homes and apartments), and a median house value of $404,578, 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 66.59% of the city's housing units. Other types of housing that are prevalent in Dripping Springs include mobile homes or trailers ( 20.57%), row houses and other attached homes ( 4.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.20%).

The most prevalent building size and type in Dripping Springs are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.48% owning and 36.52% renting.

There is a lot of housing in Dripping Springs built from 1970 to 1999 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 between 2000 and later ( 25.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.30%). There's also some housing in Dripping Springs built before 1939 ( 3.64%).

Dripping Springs Home Appreciation Rates

In the last 10 years, Dripping Springs has experienced some of the highest home appreciation rates of any community in the nation. Dripping Springs real estate appreciated 40.81% over the last ten years, which is an average annual home appreciation rate of 3.48%, putting Dripping Springs in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dripping Springs definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 7.94%, which is higher than appreciation rates in 86.48% 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 1.68%, which equates to an annual appreciation rate of 6.88%.

Relative to Texas, our data show that Dripping Springs's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$404,578

Dripping Springs, TX HOME PRICES

Value Range
> $1,288,000 1.9
$966,001 - $1,288,000 3.9
$644,001 - $966,000 9.0
$515,001 - $644,000 21.5
$386,001 - $515,000 20.5
$258,001 - $386,000 20.3
$129,001 - $258,000 13.5
$65,001 - $129,000 5.2
$0 - $65,000 4.1

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
9.29919137466307 3.89105058365759

Number Of Homes And Apartments:
793

Dripping Springs Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
73.71% 3.25% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,478 / per month

Homeownership Rate

Homeownership
Owners 63.48
Renters 36.52
Vacant 9.89

Housing Market Details

 

Age of Homes

AGE OF Dripping Springs HOMES
2000 or Newer 25.6
1970 - 1999 57.5
1940 - 1969 13.3
1939 or Older 3.6

Types of Homes

TYPE OF Dripping Springs HOMES
Single-Family 66.6
Townhomes 4.5
Small Apt. Buildings 4.2
Apt. Complexes 4.1
Mobile Homes 20.6
Other 0.0

Home Size

SIZE OF Dripping Springs HOMES
No Bedroom 1.59
1 Bedroom 8.75
2 Bedrooms 27.61
3 Bedrooms 44.20
4 Bedrooms 13.30
5 or more bedrooms 4.55

Popular Neighborhoods in Dripping Springs

Zip Codes in Dripping Springs, TX