New Neighborhoods & New Homes in Dripping Springs

Dripping Springs, Texas has seen incredible growth in recent years and is expected to become even more developed over the coming decades. With its lush natural beauty, vibrant local economy, and proximity to the city of Austin, this small town is becoming a desirable location for residential communities.

Dripping Springs has seen a remarkable surge in population over the last decade. According to its most recent census, which was taken in 2020, the city had an estimated population of 4,846. Since then, there has been an extraordinary increase of 70.31%, with the current population estimated at 8,234 – an annual growth rate of 19.42%. This exponential rise indicates the city’s booming economy and vibrant community.

Dripping Springs Mayor Bill Foulds reported a rapid growth in the city’s population, particularly evident beyond the 9.5 square mile city limits. The Dripping Springs Extra-Territorial Jurisdiction of 110 square miles was especially reflective of this trend, marked by an uptick in new housing developments. Such population expansion has increased the demand for services and infrastructure within the city and its broader ETJ.

According to estimates from the Dripping Springs school bond website, over 11,000 new construction homes will be built within the Dripping Springs Independent School District by 2034. This expansive development will undoubtedly bring tremendous opportunity for the area’s existing and new residents. As such, it’s essential for those interested in investing or living in Dripping Springs to stay educated on the ongoing developments and plan accordingly.

Developments in Dripping Springs

Dripping Springs is a vibrant and ever-growing city, with new developments constantly. Here are the five newest and upcoming developments in the area:

Heritage Neighborhood

A 188-acre community being built by homebuilders Tri Pointe Homes and M/I Homes, Heritage Neighborhood promises modern living with a touch of country charm. Over 600 homes will soon be available for purchase, with the building phase already underway.

Double L Ranch Neighborhood

Also known as Anarene, this massive development consists of 2,231 homes and a two-lane road connecting to Highway 290. The developers have plans to upgrade this road to four lanes, reducing traffic on RR 12 by approximately half. For more information about Double L Ranch Neighborhood, read this post.

Double L Ranch
Double L Ranch, Dripping Springs

Cannon Ranch Neighborhood

North of West Highway 290, Cannon Ranch Neighborhood will feature 375 residential units on a 100-acre plot of land. In addition to homes, 24 acres of parkland will be dedicated to the city and a neighborhood trail system will connect to Founders Park and downtown Dripping Springs. Dirt work began in March 2023 on the Ashton Woods Cannon Tract.

Wildridge Neighborhood

On a 283-acre plot of land, Wildridge Neighborhood promises 960 new homes along with roads, water lines, commercial space, and public land. Follow their progress through their Facebook page.

Village Grove Neighborhood

Village Grove, a 100-acre development near Sports Park Road, will bring 531 residential units, retail stores, a civic center, and 23.9 acres of open parkland to Dripping Springs. Keep up with progress on this project by following their Facebook page.

With so many exciting projects on the horizon, Dripping Springs offers plenty of opportunities for growth and development. Investment in the area is booming; get involved now, and don’t miss out!

Dripping Springs Real Estate Market Overview

The real estate market in Dripping Springs, Texas, presents a diverse and dynamic landscape as of 2024. The median estimated value of a home in Dripping Springs is approximately $700,696, with home values ranging widely from about $47,435 to over $34 million. The median list price for homes is around $749,900, reflecting the area’s high desirability and the variety of properties available.

In recent years, Dripping Springs has experienced notable home appreciation rates. Over the last decade, the area has seen an average annual home appreciation rate of 8.32%, placing it in the top 20% nationally. However, it’s important to note that in the past year, the appreciation rate in Dripping Springs has slowed, trailing the national average with a decrease of around 7.77%. This recent trend indicates a shift in the market dynamics, potentially influenced by broader economic factors.

The Dripping Springs real estate market is also characterized by its appeal to a diverse range of homebuyers, including those from major cities such as San Francisco, Los Angeles, and Houston. This influx of interest from outside the local area showcases the community’s growing appeal to a wider audience seeking the unique lifestyle and amenities offered by Dripping Springs.

The range of properties sold recently in Dripping Springs is quite broad, including a home sold for $3,790,000 featuring 5 bedrooms and 5 baths and another sold for $344,999 with 3 bedrooms and 2 baths. This variety in pricing and home sizes caters to different market segments, from luxury buyers to those looking for more affordable options.

Moreover, the diversity in the types of properties for sale is evident. Recent listings include a 3-bedroom, 2-bath home listed at $550,000, and a larger 6-bedroom, 3-bath home priced at $839,000. New constructions are a significant part of the market, with various options, such as a 4-bedroom, 3-bath new construction home listed for around $954,900.

Dripping Springs offers a mix of rural charm with modern amenities, attracting many residents. The area’s natural beauty and proximity to major cities like Austin make it an attractive option for those looking for a balance between country living and urban convenience.

Overall, the Dripping Springs real estate market is vibrant and diverse, offering a range of options for different types of homebuyers and investors. However, the recent slowdown in appreciation rates suggests a more cautious approach may benefit those looking to invest in the area.

Education and Local Schools

The education system in Dripping Springs, Texas, for the 2023-2024 school year is robust and well-regarded, with several key features highlighting its quality and commitment to student success.

Dripping Springs Independent School District (DSISD) comprises a range of educational institutions, including multiple elementary schools (like Cypress Springs Elementary, Dripping Springs Elementary, Rooster Springs Elementary, Sycamore Springs Elementary, and Walnut Springs Elementary), middle schools (Dripping Springs Middle School and Sycamore Springs Middle School), and a high school (Dripping Springs High School). The district is also designing a second high school, showing a commitment to expanding educational resources in response to community growth.

Academically, DSISD has demonstrated excellent performance. The district received an ‘A’ rating overall for the 2021-2022 school year, based on Texas’ accountability system. This rating considers student achievement, school progress, and success in closing performance gaps between different student groups. Specifically, the district excelled in student achievement, school progress, and closing educational gaps, indicating high educational effectiveness across various metrics.

In terms of specialized education, the district caters to various student needs. The percentage of students in special education programs stands at 11.2%, slightly below the statewide average of 11.6%. The bilingual and English as a Second Language (ESL) programs enroll 4.8% of students, providing vital language support. Additionally, 6.5% of the student population is part of gifted and talented programs, ensuring that students with exceptional academic abilities receive appropriate challenges and resources.

DSISD also shows strong performance in college readiness indicators. In the 2020-2021 school year, 26.3% of students in grades 11 and 12 participated in at least one Advanced Placement (AP) or International Baccalaureate (IB) exam, higher than the statewide average of 21.1%. Moreover, the pass rate among these students was 75.7%, considerably above the state average of 48.6%. This high level of AP/IB participation and success reflects the district’s effectiveness in preparing students for post-secondary education.

Overall, the Dripping Springs Independent School District is strongly committed to educational excellence, with high graduation rates, low dropout rates, effective special education and gifted programs, and impressive college readiness metrics. These achievements highlight the district’s success in providing a high-quality education that meets the diverse needs of its students.

For more detailed information about the Dripping Springs Independent School District, you can visit their official website.

Why Choose Dripping Springs?

Dripping Springs represents the perfect blend of rural charm and modern amenities, making it an ideal destination for those seeking a quality lifestyle. Its natural beauty, coupled with the convenience of suburban living, offers a unique living experience that is both peaceful and enriching.

The community’s commitment to maintaining a balance between development and preservation of natural beauty ensures that residents can enjoy the best of both worlds. With its robust real estate market, diverse educational opportunities, comprehensive amenities, and excellent transportation links, Dripping Springs stands out as a prime location for families, professionals, and retirees.

Choosing Dripping Springs means becoming part of a community that values nature, culture, and a high quality of life. It’s a place where one can find the harmony between a peaceful, rural setting and the conveniences of modern living.