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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 8,689 people, 2,475 houses or apartments, and a median cost of homes of $776,338, 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 50.75% of the city's housing units. Other types of housing that are prevalent in Dripping Springs include large apartment complexes or high rise apartments ( 29.41%), duplexes, homes converted to apartments or other small apartment buildings ( 14.59%), and a few row houses and other attached homes ( 3.99%).
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 50.91% owning and 49.09% renting.
Dripping Springs homes and real estate are some of the newest in America. 81.88% of Dripping Springs's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Dripping Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 18.12%), and between 1940-1969 ( 0.00%).
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 115.57%, which ranks in the top 30% nationwide. This equates to an annual average Dripping Springs house appreciation rate of 7.98%.
Over the last year, Dripping Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Dripping Springs's appreciation rate has been -0.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dripping Springs were at 0.14%, which equates to an annual appreciation rate of 0.55%.
Relative to Texas, our data show that Dripping Springs's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.
$776,338
for Texas
for nation
2,475
$2,029 / per month