Homes Under $500K in Dripping Springs, TX

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

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$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

$389,444

140 Delaware Mountains TER, Dripping Springs TX 78620

MLS #245893501 · Walzel Properties - Corporate Office · Olivia Barnard

3 bd·2.5 ba·2,202 sqft

Motivated SellerNew Construction

$449,990

137 Bishop Wood RD, Dripping Springs TX 78620

MLS #236476642 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,182 sqft

Quick Move-In

New Construction

$445,990

228 Sue Peaks LOOP, Dripping Springs TX 78620

MLS #245390051 · Meritage Homes Realty · Patrick McGrath

4 bd·3 ba·2,045 sqft

Quick Move-In

$450,000

119 Cotton Tree TER, Dripping Springs TX 78620

MLS #245369196 · NestHaven Properties · lauren Flanders-caldwell

3 bd·2 ba·1,690 sqft

Price Cut

$479,900

315 Angel Fire DR, Dripping Springs TX 78620

MLS #245318853 · Realty One Group Prosper · Robert Badger

4 bd·3 ba·2,054 sqft

Motivated SellerNew Construction

$489,990

232 Bishop Wood RD, Dripping Springs TX 78620

MLS #245268081 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,251 sqft

Quick Move-In

$389,000

17509 Village DR, Dripping Springs TX 78620

MLS #245017307 · Christies Intl Real Estate Lone Star · Kim Burke

3 bd·2 ba·1,393 sqft

Price CutNew Construction

$499,479

275 Crater Lake DR, Dripping Springs TX 78620

MLS #245010824 · ERA Experts · Kent Zarbock

5 bd·2.5 ba·2,290 sqft

Quick Move-In

$480,000

210 W Lakeshore DR, Dripping Springs TX 78620

MLS #240083884 · Keller Williams Realty · Kyle Ledford

2 bd·2 ba·1,173 sqft

Motivated Seller

$499,000

220 Harmon Hills RD, Dripping Springs TX 78620

MLS #235066042 · eXp Realty, LLC · Karen McCutcheon

3 bd·2 ba·1,152 sqft

Motivated Seller

$499,900

17804 Linkhill DR, Dripping Springs TX 78620

MLS #241143437 · Keller Williams Realty · Kristen Hensley

4 bd·3 ba·2,606 sqft

Motivated SellerNew Construction

$392,005

110 Olympia BND, Dripping Springs TX 78620

MLS #242213006 · Alexander Properties · Bobbie Alexander

4 bd·2.5 ba·2,193 sqft

Quick Move-In

$385,000

136 Lourdes CT #B, Dripping Springs TX 78620

MLS #243698744 · Compass RE Texas, LLC · Reese Phillips

2 bd·2.5 ba·1,512 sqft

Motivated Seller

$399,999

17305 Lake Wood CIR, Dripping Springs TX 78620

MLS #236725013 · Compass RE Texas, LLC · Denise DeJardo

3 bd·2.5 ba·1,888 sqft

Price Cut

$399,000

1108 Lucca DR #3, Dripping Springs TX 78620

MLS #242738055 · Listing Results, LLC · Jack McLemore

3 bd·2.5 ba·1,806 sqft

$499,900

10033 Longhorn SKWY, Dripping Springs TX 78620

MLS #239759904 · ListingSpark · Aaron Jistel

4 bd·2 ba·1,650 sqft

Motivated SellerNew Construction

$415,990

238 Sue Peaks LOOP, Dripping Springs TX 78620

MLS #243778313 · Meritage Homes Realty · Patrick McGrath

4 bd·2 ba·1,720 sqft

Quick Move-In

Motivated Seller

$474,995

109 Francesco LN #40, Dripping Springs TX 78620

MLS #244396043 · Ranchland Real Estate · Logan Carroll

2 bd·2.5 ba·2,063 sqft

Motivated Seller

$350,000

10604 Lake Beach DR, Dripping Springs TX 78620

MLS #244006308 · Moreland Properties · Vanna Smith

3 bd·2 ba·1,304 sqft

Motivated Seller

$449,000

1174 Grant Wood Ave, Dripping Springs TX 78619

MLS #244349526 · Compass RE Texas, LLC · Jenny Cureton

3 bd·2 ba·1,722 sqft

Motivated Seller

$449,900

10103 Twin Lake LOOP, Dripping Springs TX 78620

MLS #243437917 · eXp Realty, LLC · Cheryl Fowlkes

3 bd·2.5 ba·1,935 sqft

Motivated SellerNew Construction

$384,990

579 Bishop Wood RD, Dripping Springs TX 78620

MLS #240381649 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,195 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 59 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.