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City Report · TX

Dripping Springs

Pop. 7,405·8th most expensive in Texas·Dripping Springs rents are up 14.3% over the past year
Median rent (all units)
$2,426/mo
Year-over-Year
+14.3%
Month-over-Month
+7.1%
vs US Median
+$496
Rising (Monthly)
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Most AffordableMost Expensive
Dripping Springs · $2,426
More expensive than 78% of US cities · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,580
2 BR
$1,860
3 BR
$2,370
4 BR+
$2,750
Research median
$1,860/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 30, 2026

Annual cost
$29,112/yr
At $2,426/mo median
Market timing
Rents rising
Act sooner rather than later.
Demographics

Who lives here

Dripping Springs, TX is roughly split between renters and owners, has a large share of families with children, has a median income above the national average, 67.8% of residents hold a bachelor's degree or higher.

Population
7,405
Median income
$109,364
Median age
38.5
Renters
51.2%
Age distribution
31.8%
14.5%
33.6%
16.2%
Under 1831.8%
18–3414.5%
35–5433.6%
55–643.9%
65+16.2%
Gender
50.4%
49.6%
Male50.4%
Female49.6%
Race & ethnicity
82.3%
White82.3%
Black0.6%
Hispanic11.4%
Asian7.4%
Education (25+)
22.8%
67.8%
No HS diploma2.8%
HS diploma6.6%
Some college22.8%
Bachelor's+67.8%
Housing tenure
48.8%
51.2%
Owner48.8%
Renter51.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Dripping Springs, TX has changed in 5 years

Income
$111,429 → $109,364
down 1.9%
Population
4,699 → 7,405
up 57.6%
Renter share
26.4% → 51.2%
+24.8 pts
Bachelor's+
53.4% → 67.8%
+14.4 pts
Median age
37 → 38.5
+1.5 yrs

Census figures show median household income at $109,364 today, compared with $111,429 five years earlier. Headcount in the area went from 4,699 to 7,405 between 2021 and 2024, a 57.6% change. About 51.2% of households rent today, against 26.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53.4% to 67.8%.

Community

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View Dripping Springs rent history (2015–2026) →
Salary vs rent

Can you afford rent in Dripping Springs on your salary?

At $2,426/mo, how Dripping Springs rent compares to typical pay (30% rule).

By apartment size

Dripping Springs rent by bedroom count

Median rent for each apartment size in Dripping Springs. Click any size for full breakdown.

Local insights

Tips for renters in Dripping Springs

About renting in Dripping Springs, TX

Last updated: May 30, 2026

The median rent in Dripping Springs is $2,426/mo as of May 2026. A studio apartment averages $1,480/mo while a 2-bedroom runs $1,860/mo. One-bedroom apartments average $1,580/mo and 3-bedroom units go for $2,370/mo.

At 27% of local median household income ($109,364/yr), Dripping Springs ranks as affordable compared to the national benchmark of 30%. Rents have increased 14.3% over the past year.

FAQ

Frequently asked questions

Is Dripping Springs an affordable city for renters?

Dripping Springs is considered affordable for renters. At $2,426/mo, rent takes approximately 27% of the local median household income ($109,364/yr). The standard benchmark is 30%. Dripping Springs falls comfortably within that range.

How much income do you need to rent in Dripping Springs?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (~$47/hour full-time) to afford the median rent of $2,426/mo in Dripping Springs. The local median household income is $109,364/yr, meaning the typical Dripping Springs household meets that threshold.

Is rent going up or down in Dripping Springs?

Rent in Dripping Springs has increased 14.3% over the past year as of May 2026, putting upward pressure on renter budgets.

How does Dripping Springs rent compare to other cities in Texas?

Dripping Springs is one of the pricier cities in Texas for rent, ranking #8 out of 264 tracked cities at $2,426/mo.

Which nearby cities are cheaper to rent in than Dripping Springs?

Several nearby cities have lower median rents than Dripping Springs ($2,426/mo): Buda ($1,702/mo), Wimberley ($2,088/mo), Lago Vista ($2,152/mo).

What percentage of Dripping Springs residents rent vs. own?

According to Census data, approximately 51.2% of Dripping Springs households are renters, while 48.8% are owner-occupied. With a majority renter population, Dripping Springs has a strong rental market.

How does Dripping Springs rent compare to the national average?

Dripping Springs's median rent of $2,426/mo is $496 (26%) above the US national median of $1,930/mo. Within Texas, it ranks #8 out of 264 tracked cities.
Affordability
27%
AFFORDABLE

At $2,426/mo, rent takes ~27% of Dripping Springs's median household income ($109,364/yr). The standard benchmark is 30%.

Dripping Springs 27%Benchmark 30%
State income taxNone
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Neighborhoods

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Public schools near Dripping Springs, TX

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