Homes Under $500K in Dripping Springs, TX

57 active homes under $500k in Dripping Springs, TX from $349,990 · The median list price in Dripping Springs is $695,000.

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$479,000

349 Barn Hill LOOP, Dripping Springs TX 78620

MLS #247650696 · Keller Williams Realty · Emily Ingles

3 bd·2 ba·1,634 sqft

New Construction

$420,990

220 Sue Peaks LOOP, Dripping Springs TX 78620

MLS #247628025 · Meritage Homes Realty · Patrick McGrath

4 bd·2 ba·1,720 sqft

Quick Move-In

New Construction

$404,990

467 Bishop Wood RD, Dripping Springs TX 78620

MLS #247566744 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,195 sqft

Quick Move-In

Price CutNew Construction

$392,005

111 Olympia BND, Dripping Springs TX 78620

MLS #247330186 · Alexander Properties · Bobbie Alexander

4 bd·3 ba·2,366 sqft

Quick Move-In

Price CutNew Construction

$399,990

459 Bishop Wood RD, Dripping Springs TX 78620

MLS #247222547 · M/I Homes Realty · Patrick Easter

4 bd·2.5 ba·2,289 sqft

Quick Move-In

Price CutNew Construction

$449,990

240 Bishop Wood RD, Dripping Springs TX 78620

MLS #247223969 · M/I Homes Realty · Patrick Easter

3 bd·2.5 ba·1,868 sqft

Quick Move-In

Price CutNew Construction

$399,990

555 Bishop Wood RD, Dripping Springs TX 78620

MLS #247219221 · M/I Homes Realty · Patrick Easter

4 bd·2.5 ba·2,289 sqft

Quick Move-In

Price CutNew Construction

$399,990

523 Bishop Wood RD, Dripping Springs TX 78620

MLS #247220917 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,195 sqft

Quick Move-In

Price CutNew Construction

$349,990

507 Bishop Wood RD, Dripping Springs TX 78620

MLS #247222537 · M/I Homes Realty · Patrick Easter

3 bd·1,403 sqft

Quick Move-In

$410,000

159 Mount Locke RD, Dripping Springs TX 78620

MLS #247239250 · Compass RE Texas, LLC · Juanita Thornton

3 bd·2 ba·1,867 sqft

$435,000

336 Darley Oak DR, Dripping Springs TX 78620

MLS #247233314 · All City Real Estate Ltd. Co · Miriam Vega-Murphy

3 bd·2 ba·1,739 sqft

$438,174

592 Darley Oak Drive, Dripping Springs TX 78620

MLS #247255178 · RealAgent · Dusti Neel

3 bd·2.5 ba·1,931 sqft

$459,900

10129 Longhorn SKWY, Dripping Springs TX 78620

MLS #247196519 · Coffman Real Estate · Nick Coffman

3 bd·2 ba·2,092 sqft

Price CutNew Construction

$499,990

280 Bishop Wood RD, Dripping Springs TX 78620

MLS #246901102 · M/I Homes Realty · Patrick Easter

4 bd·2.5 ba·2,441 sqft

Quick Move-In

Price CutNew Construction

$494,990

184 Bishop Wood RD, Dripping Springs TX 78620

MLS #246901087 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,434 sqft

Quick Move-In

$450,000

17506 Deer Creek Skyview, Dripping Springs TX 78620

MLS #246854569 · JBGoodwin REALTORS WL · Aubrey Shaw

3 bd·2.5 ba·1,660 sqft

$419,500

167 Victoria Peak LOOP, Dripping Springs TX 78620

MLS #246751080 · Pure Realty · Colbey Pfund

3 bd·2 ba·1,880 sqft

$449,999

17708 Linkhill DR, Dripping Springs TX 78620

MLS #246749609 · Intege Realty LLC · Frank West

3 bd·2.5 ba·1,945 sqft

Price Cut

$470,000

10409 Little Creek CIR, Dripping Springs TX 78620

MLS #246548381 · Haven Path Realty LLC · James DeLoney

3 bd·2.5 ba·1,812 sqft

$500,000

601 Lost Valley RD, Dripping Springs TX 78620

MLS #246555840 · Randy Hutto, Realtors · Randy Hutto

4 bd·3 ba·2,304 sqft

$399,000

162 El Capitan LOOP, Dripping Springs TX 78620

MLS #246313106 · Compass RE Texas, LLC · Sarah Cavner

4 bd·2 ba·1,720 sqft

$368,888

269 Star Mountain LN, Dripping Springs TX 78620

MLS #246282541 · Compass RE Texas, LLC · Lisa Little

3 bd·2.5 ba·1,724 sqft

$445,000

10114 Janet LOOP, Dripping Springs TX 78620

MLS #246025502 · Nest Properties Austin · Julie Waidelich

3 bd·2 ba·1,380 sqft

Motivated SellerNew Construction

$365,990

118 Olympia BND, Dripping Springs TX 78620

MLS #245945353 · Alexander Properties · Bobbie Alexander

4 bd·2.5 ba·1,954 sqft

Quick Move-In

About Homes Under $500K in Dripping Springs, TX

Setting a price ceiling is one of the most useful ways to shop, and there are 57 homes for sale under $500K in Dripping Springs on the market right now, drawn from live MLS data — so you're seeing what's actually available in your range, not a stale list. How far a $500K budget goes depends on the Dripping Springs market, and the quickest gauge is the median list price shown above: when your ceiling is below the local median you're shopping the lower-priced end of the local market, and when it's near or above the median you're looking at a large share of what's available. Within a $500K budget you'll typically find a mix of property types — houses, condos, and townhomes, and in some areas newer construction — across different sizes, ages, and neighborhoods, so the trade-offs between them are where the real choice lives. You can filter the homes and houses for sale under $500K in Dripping Springs by beds, baths, and features to narrow the list, and open any listing for its full details and price history. Because HomeLocating is an independent home-search platform — not a national portal — you get a neutral, MLS-sourced view of what $500K actually buys in Dripping Springs today.

Buying a Home Under $500K in Dripping Springs

Shopping with a $500K ceiling in Dripping Springs works best when the number is real, so a few things are worth doing before you tour. Start with a lender: getting pre-approved tells you what you can actually borrow and what your monthly payment looks like at $500K, which is often different from a round budget in your head. Remember that the list price isn't the whole cost — property taxes, any HOA or MUD dues, and insurance all factor into what a home under $500K really costs each month, so it's worth looking at the full number. Within a fixed budget, the choice usually comes down to trade-offs: size, location and commute, the age and condition of the home, and new construction versus resale — deciding which of those matter most to you makes comparing homes far easier. And well-priced homes in a given range can move quickly, so knowing your criteria in advance helps you act when the right one appears. None of this is financial advice, and HomeLocating is not a lender — but it's what keeps a budget from being a guess. Through HomeLocating, you can get help finding and buying a home under $500K in Dripping Springs directly through the site. When you're ready, browse the listings above and reach out about any that interest you.

Frequently Asked Questions

How many homes are for sale under $500K in Dripping Springs?

It changes as new listings come on the market and others go under contract. The homes under $500K shown here for Dripping Springs are drawn from live MLS data, so the count reflects what's actually available right now — the current total is shown with the results above.

What kind of homes can I get under $500K in Dripping Springs?

It depends on how $500K compares to the local market — the median list price for Dripping Springs is shown above. Within that budget you'll generally find a mix of houses, condos, and townhomes, and in some areas newer construction, across a range of sizes, ages, and neighborhoods. Filtering by property type and features narrows it to what fits.

How does a $500K budget compare to the Dripping Springs market?

The simplest gauge is the median list price shown above. If $500K is below the Dripping Springs median, you're shopping the lower-priced end of the market; if it's near or above the median, your budget covers a large share of what's listed. The live count shows how many homes currently fall under $500K.

How do I know what I can actually afford?

List price is only part of it — your real budget depends on your financing plus property taxes, insurance, and any HOA or MUD dues. Getting pre-approved with a lender tells you what you can borrow and what the monthly payment would be at $500K, so the number is based on your situation rather than a guess.

Are these listings current?

Yes — the homes under $500K shown here are drawn from live MLS data, so you're seeing current listings rather than a stale or padded list. As an independent platform, the goal is an accurate, neutral view of the Dripping Springs market.

Can HomeLocating help me buy a home under $500K in Dripping Springs?

Yes. Through HomeLocating, you can get help comparing homes in your budget, understanding the full monthly cost, and handling the offer directly through the site — reach out about any of the listings above.