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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Motivated SellerNew Construction

$384,990

122 Heritage Forest PKWY, Dripping Springs TX 78620

MLS #240400478 · M/I Homes Realty · Patrick Easter

4 bd·3 ba·2,195 sqft

Quick Move-In

Motivated SellerNew Construction

$359,990

162 Heritage Forest PKWY, Dripping Springs TX 78620

MLS #241572122 · M/I Homes Realty · Patrick Easter

3 bd·2.5 ba·1,950 sqft

Quick Move-In

Motivated Seller

$379,000

144 El Capitan LOOP, Dripping Springs TX 78620

MLS #243706351 · Phyllis Browning Company · Annaliz Bosquez Freeman

3 bd·2 ba·1,510 sqft

$489,900

901 Panorama DR, Dripping Springs TX 78620

MLS #244386896 · Mercer Street Group, LLC · Melissa Roberts

3 bd·2.5 ba·1,891 sqft

Motivated Seller

$435,000

10201 Thomas LN, Dripping Springs TX 78620

MLS #242388618 · Engel & Volkers Austin · Tayler Kelly

3 bd·2 ba·1,682 sqft

Motivated Seller

$393,750

108 Oak Ridge, Dripping Springs TX 78620

MLS #234683873 · Ranches and Rivers Realty · Mike Weaver

2 bd·1 ba·1,904 sqft

Motivated Seller

$410,000

10025 Janet LOOP, Dripping Springs TX 78620

MLS #244729868 · Coldwell Banker Realty · Meryl Hawk

3 bd·2 ba·1,629 sqft

Motivated Seller

$363,000

324 Delaware Mountains TER, Dripping Springs TX 78620

MLS #241975352 · Story Real Estate LLC · Jennifer Langle

3 bd·2.5 ba·1,884 sqft

Price CutNew Construction

$494,938

152 Ranier WAY, Dripping Springs TX 78620

MLS #244089644 · ERA Experts · Kent Zarbock

4 bd·3.5 ba·2,260 sqft

Quick Move-In

Motivated Seller

$479,000

142 Dome Peak TER, Dripping Springs TX 78620

MLS #244396926 · All City Real Estate Ltd. Co · Margo Fesas

4 bd·2.5 ba·2,274 sqft

$425,000

10102 Twin Lake LOOP, Dripping Springs TX 78620

MLS #241660946 · Keller Williams Realty · Ashley Tullis

3 bd·2 ba·1,428 sqft

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.