Dripping Springs, TX housing market
Typical home value
$684K
▲ 0.2% 1 yr
Typical rent
$2,021/mo
▲ 1.5% 1 yr
Gross rent yield
3.5%
U.S. 6.3%
5-year home value change
−6%
U.S. +20%
Key takeaways
- 1The typical home in Dripping Springs is worth $683,928, up 0.2% over the past year and down 6% over five years.
- 2Typical rent is $2,021 a month (+1.5% YoY), a gross rent yield of 3.5% (below the Austin, TX metro's 4.6%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $3,758/mo, $1,737 more than typical rent.
- 4Zillow forecasts the Austin, TX metro's home values to change −2.4% over the next 12 months.
Market temperature (Austin, TX metro)
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 22/100, #519 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Dripping Springs compares
| Measure | Dripping Springs | Austin, TX metro | United States |
|---|---|---|---|
| Typical home value | $683,928 | $414,273 | $366,157 |
| Home value, 1-yr change | +0.2% | −4.3% | +1.2% |
| Typical rent | $2,021 | $1,603 | $1,932 |
| Rent, 1-yr change | +1.5% | +0.7% | +2.7% |
| Gross rent yield | 3.5% | 4.6% | 6.3% |
| Price-to-rent ratio | 28.2 | 21.5 | 15.8 |
| Mortgage P&I, typical home | $3,758 | $2,277 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Dripping Springs rental, pre-filled.
Rent vs buy in Dripping Springs
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $684K home.
Landlord in Texas? See Texas deposit, late fee and notice rules.
Other cities in the Austin, TX metro
Austin, TX
$492K home$1,571 rent
▼ 3.2% 1 yr
Round Rock, TX
$396K home$1,709 rent
▼ 5.1% 1 yr
Pflugerville, TX
$363K home$1,601 rent
▼ 4.8% 1 yr
Georgetown, TX
$420K home$1,596 rent
▼ 3.9% 1 yr
Cedar Park, TX
$457K home$1,702 rent
▼ 3.1% 1 yr
San Marcos, TX
$305K home$1,433 rent
▼ 3.1% 1 yr
Leander, TX
$420K home$1,897 rent
▼ 5.6% 1 yr
Kyle, TX
$295K home$1,566 rent
▼ 6.1% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.