Dripping Springs First-Time Homebuyer Report for January

Dripping Springs is a city in Texas. It's very affluent and the cost of living is very expensive compared to the rest of the state, with a median income of $83,555 per household and cost of living adjustment score of 119.1. Homes in Dripping Springs are of moderate age with a median age of 17 years. Leading the list of best schools in the city are Dripping Springs Middle School and Dripping Springs High School.

Culture

If you are interested in the bar scene in Dripping Springs, Foursquare says that The Barber Shop is the most popular place to grab a drink. If you're looking to get a cup of coffee, a favorite is Rolling In Thyme & Dough. Lastly, H-E-B is a well-known place to shop.

Price Range

Homes in Dripping Springs are generally more expensive than others in the state with a median home value of $280,800 and an average list price of $501,786.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Dripping Springs:

$549K   $491K   $530K  

Typical Dwelling

The typical dwelling in Dripping Springs is a four-bedroom detached home worth about $504,385. To purchase a similar home, a buyer with good credit and a $100,877 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,098 monthly payment. The property tax rate is $17.02 per $1,000 of taxable assessed value.

Get started right now by checking out Dripping Springs homes for sale or reviewing Dripping Springs real estate trends.


Data reported through 1/12/2017

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