In Dripping Springs, a typical home is worth $635,600 and typical rent is $2,234 a month. Compared with all of Hays County, the typical home value is 59% higher, typical rent is 49% higher, and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $728,170 to $683,928.
Typical rent
$2,021a month
▲ 1.5% more than 12 months ago
Typical rent from Zillow, June 2022 to September 2026: from $2,029 to $2,021.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Dripping Springs is in Hays County. The FHA loan limit ($571,550 for a one-unit home), the fair market rents and the help on this page are those of all of Hays County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Dripping Springs is worth $635,600,59% more than in Hays County as a whole ($399,800).
2
The typical rent in Dripping Springs is $2,234 a month, 49% more than in Hays County as a whole ($1,495).
3
49% of households in Dripping Springs own their home, against 64% in Hays County.
4
The typical household income in Dripping Springs is $109,364,23% more than in Hays County as a whole ($89,097).
5
Nearby, in Bee Cave, the typical rent is $1,877: 16% less than in Dripping Springs ($2,234).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Dripping Springs
What homes there are in Dripping Springs, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Dripping Springs
Hays County
Texas
United States
Kind of home: Dripping Springs and its comparisons
Measure
Dripping Springs
Hays County
Texas
United States
Detached house
55%
66%
64%
61%
Attached house
Unreliable estimate
3%
3%
6%
Building of 2 to 4
Unreliable estimate
4%
5%
8%
Apartments (5 or more)
Unreliable estimate
21%
21%
19%
Mobile home
Unreliable estimate
6%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Dripping Springs (55%), but less so than in Hays County (66%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Dripping Springs
Hays County
Texas
United States
Year built: Dripping Springs and its comparisons
Measure
Dripping Springs
Hays County
Texas
United States
Before 1960
Unreliable estimate
4%
12%
26%
1960–1979
Unreliable estimate
8%
21%
24%
1980–1999
12%
22%
28%
25%
2000–2009
Unreliable estimate
24%
18%
14%
2010 or later
67%
43%
21%
11%
Homes in Dripping Springs are newer: the typical year built is 2013; in Hays County, 2007.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K18%
$500K–$750K47%
$750K–$1M15%
$1M or moreUnreliable
Value of owner-occupied homes: Dripping Springs and its comparisons
Measure
Dripping Springs
Under $100K
Unreliable estimate
$100K–$200K
Unreliable
$200K–$300K
Unreliable estimate
$300K–$500K
18%
$500K–$750K
47%
$750K–$1M
15%
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,99913%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Dripping Springs and its comparisons
Measure
Dripping Springs
Under $500
Unreliable estimate
$500–$999
Unreliable estimate
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
13%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
With a mortgage
$2,948 a month
Hays County: $2,289 a month
Without a mortgage
$997 a month
Hays County: $855 a month
Owners with a mortgage
68%
Hays County: 68%
In Dripping Springs, 68% of owners have a mortgage, and their typical cost is $2,948 a month, against $2,289 in Hays County. Without one it drops to $997.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Dripping Springs+63%
Hays County+68%
Texas+65%
United States+53%
Typical rent
Dripping Springs+93%
Hays County+30%
Texas+34%
United States+33%
Typical household income
Dripping SpringsNo clear change
Hays County+30%
Texas+27%
United States+29%
Change since 2015–2019: Dripping Springs and its comparisons
Measure
Dripping Springs
Hays County
Texas
United States
Typical home value
+63%
+68%
+65%
+53%
Typical rent
+93%
+30%
+34%
+33%
Typical household income
No clear change
+30%
+27%
+29%
The typical home value in Dripping Springs rose 63% since 2015–2019, less than in Hays County (68%).
Rents in Dripping Springs rose faster than in Hays County: 93% since 2015–2019, against 30%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Dripping Springs and its comparisons
Measure
Dripping Springs
Hays County
Texas
United States
Rental vacancy
Unreliable estimate
3.5%
7.7%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
3.6%
4.8%
3.4%
People per household
2.44
2.61
2.69
2.53
Drive alone
44%
70%
71%
69%
Carpool
Unreliable estimate
9%
10%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
42%
18%
14%
15%
Other means
Unreliable estimate
1%
2%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
On average, a household in Dripping Springs has 2.44 people, fewer than in Hays County (2.61).
Many people here do not commute at all: 42% work from home; in Hays County, 18%.
Do the math
What would you pay each month for a home in Dripping Springs?
A typical home costs more than the typical income allows
We start with a typical home in Dripping Springs, worth $635,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 60% of the typical household income in Dripping Springs, which is $109,364 a year. For that payment to be 28% of income, a household would need to earn about $235,234 a year. Note: at that price the loan is above the FHA limit for Hays County ($571,550), so FHA would not insure it; the payment is only a reference.
The calculator's FHA and conventional loan limits are those of all of Hays County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Dripping Springs. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $22,246 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$5,489
at 7.18% · 30 years
Loan amount
$624,088
Total interest
$897,916
Paid off in
November 2056
Includes $10,734 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,552 a month
Tight
$2,552 to $3,281 a month
Hard
more than $3,281 a month
Your payment · 60%
Compared with the typical household income in Dripping Springs ($109,364 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$4,228
Property tax
$715
Home insurance
$265
FHA mortgage insurance (MIP)
$281
This loan is over the FHA limit
You'd borrow $613,354, but the FHA limit for a one-unit home in Dripping Springs is $571,550. You'd need a bigger down payment or a different loan.
You need at least $22,246 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $5,489; principal and interest $4,228.
The city and its county
Dripping Springs and Hays County
Dripping Springs is in Hays County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Dripping Springs
Map of Hays County, Texas, with Dripping Springs marked. Around it, the neighboring counties.
Dripping Springs
Hays County
Other cities with a page
Dripping Springs's own numbers
Typical home value
$635,600
Typical monthly rent
$2,234
Typical yearly household income
$109,364
Households that own their home
49%
Effective property tax rate
1.35%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Hays County
FHA limit, one-unit home
$571,550
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,817
Price change over 5 years (FHFA)
+44%
Homes in a high flood-risk zone
2.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Hays County.
A typical home in Dripping Springs is worth $635,600: 59% above the county and 124% above Texas. With the typical household income in Dripping Springs ($109,364 a year), a typical home costs 5.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Dripping Springs5.8 years
Hays4.5 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Hays County
According to FHFA’s house price index, home prices in Hays County rose 95% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Hays County.
Yearly change in FHFA’s price index in Hays County, 2016 to 2025
2016: +8.0% +8.0% 2016
2017: +7.8% +7.8% 2017
2018: +4.5% +4.5% 2018
2019: +5.8% +5.8% 2019
2020: +5.2% +5.2% 2020
2021: +20.4% +20.4% 2021
2022: +26.4% +26.4% 2022
2023: −1.7% −1.7% 2023
2024: −3.4% −3.4% 2024
2025: −0.1% −0.1% 2025
Change in FHFA’s price index in Hays County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
−0.1%
+0.8%
+2.9%
5 years (2020–2025)
+44%
+44%
+47%
10 years (2015–2025)
+95%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Dripping Springs next to Hays County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Dripping Springs$635,600
Hays$399,800
Texas$283,800
United States$332,700
Typical monthly rent
Dripping Springs$2,234
Hays$1,495
Texas$1,403
United States$1,413
Typical yearly household income
Dripping Springs$109,364
Hays$89,097
Texas$78,476
United States$80,734
See the full table
Dripping Springs next to Hays County and Texas
Measure
Dripping Springs
Hays County
Texas
U.S.
Typical home value
$635,600 ▲59% above the county
$399,800
$283,800
$332,700
Typical monthly rent
$2,234 ▲49% above the county
$1,495
$1,403
$1,413
Typical yearly household income
$109,364 ▲23% above the county
$89,097
$78,476
$80,734
Households that own their home
49% ▼15 points below the county
64%
63%
65%
Typical yearly property tax
$8,571 ▲29% above the county
$6,649
$4,232
$3,119
Effective property tax rate
1.35% ▼0.31 points below the county
1.66%
1.49%
0.94%
Renters with high rent for their income
50% ▼10 points below the county
60%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Hays County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Dripping Springs
For a typical $635,600 home in Dripping Springs, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Dripping Springs's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$5,489a month
Above the FHA limit for Hays County ($571,550)
Down payment
$22,246
Cash to close
$41,314
Rate
7.18%
Mortgage insurance
FHA MIP · $281
Conventional, 5% down$5,372a month
Least cash to close
Down payment
$31,780
Cash to close
$50,848
Rate
7.18%
Mortgage insurance
PMI · $302
Conventional, 20% down, no PMI$4,425a month
Down payment
$127,120
Cash to close
$146,188
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$5,012a month
Down payment
$95,340
Cash to close
$114,408
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Dripping Springs
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Above the FHA limit for Hays County ($571,550)
$5,489
$22,246
$624,088
7.18%
FHA MIP · $281
$41,314
580
Conventional, 5% down Least cash to close
$5,372
$31,780
$603,820
7.18%
PMI · $302
$50,848
620*
Conventional, 20% down, no PMI
$4,425
$127,120
$508,480
7.18%
None
$146,188
620*
ITIN, 15% down (example)
$5,012
$95,340
$540,260
8.18%
None
$114,408
Set by the lender
The option that asks for the least cash to close is Conventional, 5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Dripping Springs is $2,234 a month: 49% above the county. In Dripping Springs, 50% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Hays County, by unit size. To pay the 2-bedroom one ($1,817 a month) without spending more than 30% of your income, you would need to earn $34.94 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Hays County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,447
$27.83
$57,880
1 bedroom
$1,530
$29.42
$61,200
2 bedrooms
$1,817
$34.94
$72,680
3 bedrooms
$2,292
$44.08
$91,680
4 bedrooms
$2,689
$51.71
$107,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Dripping Springs
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Dripping Springs is in ZIP code 78620.
For 2 bedrooms it is $1,890: $73 more than the fair market rent for Hays County ($1,817).
Fair market rent by ZIP code and size in Dripping Springs, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
78620
$1,500
$1,590
$1,890
$2,390
$2,800
ZIP code2 bd3 bd
78620 $1,890$2,390
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Dripping Springs when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 3 buildings with rents for lower incomes in Dripping Springs. These are the largest.
Springs Apts289 Springs Ln, Dripping Springs 7862076 low-income homes · 1 bd: 24 · 2 bd: 28 · 3 bd: 24 · In service since 2001
Western Springs Apartments603 W Highway 290, Dripping Springs 7862072 homes, 46 low-income · For older adults, people with disabilities, families, people experiencing homelessness
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Hays County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Dripping Springs or Hays County. The ones below are statewide in Texas: they work in Dripping Springs the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
The HUD-approved agencies closest to the center of Dripping Springs, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
AH
Austin Habitat for Humanity
500 W Ben White Blvd, Austin · 20 miles away · Spanish
No legal help resource on our list is for Dripping Springs or Hays County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Dripping Springs and all of Hays County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Dripping Springs?
The typical home value in Dripping Springs is $635,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Hays County it is $399,800.
How much does it cost to rent in Dripping Springs?
Typical rent in Dripping Springs is $2,234 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Hays County is $1,817.
What is the FHA loan limit in Dripping Springs?
Dripping Springs uses the FHA limit for all of Hays County (2026): $571,550 for a one-unit home and $1,099,150 for a four-unit home.
How much property tax do owners pay in Dripping Springs?
The typical homeowner in Dripping Springs pays $8,571 a year, according to the U.S. Census Bureau. That is 1.35% of the home’s value; in Hays County, the rate is 1.66%.
Where can I find free help to buy or rent in Dripping Springs?
We found no HUD-approved counseling agencies with an office in Hays County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
