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ZIP Code · TX

ZIP 78620

Pop. 22,860·Hays County·16th most expensive ZIP in Texas
Median rent (all units)
$2,437/mo
Year-over-Year
+17.4%
Month-over-Month
+10.3%
vs US Median
+$507
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 78620 · $2,437
More expensive than 78% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,470
1 BR
$1,560
2 BR
$1,850
3 BR
$2,350
4 BR+
$2,760
Research median
$1,850/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 18, 2026

Annual cost
$29,244/yr
At $2,437/mo median
Location
StateTX
CountyHays County
Demographics

Who lives here

ZIP 78620 (Dripping Springs, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.7% of residents hold a bachelor's degree or higher.

Population
22,860
Median income
$153,477
Median age
42.7
Renters
14.1%
Age distribution
26.5%
12.8%
31.5%
13.1%
16.1%
Under 1826.5%
18–3412.8%
35–5431.5%
55–6413.1%
65+16.1%
Gender
49.5%
50.5%
Male49.5%
Female50.5%
Race & ethnicity
79.9%
12.8%
White79.9%
Black0.7%
Hispanic12.8%
Asian3.6%
Other2.9%
Education (25+)
19.9%
66.7%
No HS diploma2.6%
HS diploma10.8%
Some college19.9%
Bachelor's+66.7%
Housing tenure
85.9%
14.1%
Owner85.9%
Renter14.1%

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

2021 vs 2026

How ZIP 78620 in Dripping Springs, TX has changed in 5 years

Income
$118,145 → $153,477
up 29.9%
Population
18,564 → 22,860
up 23.1%
Renter share
14.6% → 14.1%
-0.5 pts
Bachelor's+
53.1% → 66.7%
+13.6 pts
Median age
42 → 42.7
+0.7 yrs

Median household income grew from $118,145 to $153,477 between 2021 and 2024, a 29.9% shift. Headcount in the area went from 18,564 to 22,860 between 2021 and 2024, a 23.1% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 53.1% to 66.7%.

Community

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About renting in ZIP 78620

Last updated: May 18, 2026

ZIP code 78620 covers Dripping Springs, TX. The median rent here is $2,437/mo as of May 2026. A 1-bedroom rents for a median of $1,560/mo. A 2-bedroom rents for a median of $1,850/mo.

At 19% of local median household income ($153,477/yr), ZIP 78620 ranks as affordable compared to the national benchmark of 30%. Rents have increased 17.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78620?

As of May 18, 2026, the median monthly rent in ZIP 78620 (Dripping Springs, TX) is $2,437. This is based on aggregated data from public sources and community submissions.

How does ZIP 78620 rent compare to the US average?

ZIP 78620's median rent of $2,437/mo is $507 (26%) above the US national median of $1,930/mo.

How does ZIP 78620 compare to other ZIPs in Texas?

ZIP 78620 is one of the pricier ZIP codes in Texas, ranking #16 out of 687 ZIPs tracked at $2,437/mo.

How much income do you need to rent in ZIP 78620?

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 $2,437/mo in ZIP 78620. The local median household income is $153,477/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78620?

Rent in ZIP 78620 has increased 17.4% over the past year as of May 18, 2026, putting upward pressure on renter budgets.

Is ZIP 78620 an affordable place to rent?

ZIP 78620 is considered very affordable for renters. At $2,437/mo, rent takes approximately 19% of the local median household income ($153,477/yr). The standard benchmark is 30%. ZIP 78620 falls comfortably within that range.

What percentage of ZIP 78620 residents rent vs. own?

According to Census data, approximately 14.1% of ZIP 78620 households are renters, while 85.9% are owner-occupied. ZIP 78620 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 78620 compare to the rest of Dripping Springs?

ZIP 78620 is pricier than Dripping Springs as a whole. At $2,437/mo, it's $11 above the Dripping Springs citywide median of $2,426/mo.

When was rent data for ZIP 78620 last updated?

Rent data for ZIP 78620 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
19%
VERY AFFORDABLE

At $2,437/mo, rent takes ~19% of ZIP 78620's median household income ($153,477/yr). The standard benchmark is 30%.

ZIP 78620 19%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78620 (Dripping Springs, TX)

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