Housing in 78620 Dripping Springs, TX is quite expensive with a median value of $725,400. This is significantly higher than the US house median value of $338,100. In the last year, there has been an 8.27% appreciation in house values nationwide, but housing in 78620 Dripping Springs has appreciated by 13.25%. This increase in value is likely due to the area's close proximity to Austin and its popular attractions such as Hamilton Pool Preserve and Reimers Ranch Park. Overall, 78620 Dripping Springs is a desirable area for those seeking high quality housing with plenty of amenities nearby.
The median home cost in Dripping Springs (zip 78620) is $725,400. Home appreciation the last 10 years has been 174.5%. Home Appreciation in Dripping Springs (zip 78620) is up 20.0%.
Average Age of Homes
- The median age of Dripping Springs (zip 78620) real estate is 19 years old
The Rental Market in Dripping Springs (zip 78620)
- Renters make up 12.8% of the Dripping Springs (zip 78620) population
- 1.0% of houses and apartments in Dripping Springs (zip 78620), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.