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Driftwood

Learn about the people, housing, costs and businesses in Driftwood, Texas

Median Home$753,554
Median Rent$1,804/month
Population120
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare6% education
Home Value Growth+1.1% over 2 years
Family-Friendly27% of residentsabove average nationally
Homeowners89% of occupied units
NotableHighly Educated36% bachelor's · 17% graduate · top 3% nationally
NotableHigh Incomes$158k/year · top 3% nationally
Driftwood
TX

Frequently Asked Questions

What are today's mortgage rates in Driftwood?

As of today, the 30-year fixed mortgage rate for Driftwood is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Driftwood?

The median home value in Driftwood is $754k. The median monthly rent is $1,804. Annual property taxes average $10k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Driftwood?

Home values in Driftwood have increased 1.1% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Driftwood?

Based on a typical all-in ownership cost of $2,610/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $112k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Driftwood is $158k/year.

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What industries drive the economy in Driftwood?

The largest employment sectors in Driftwood are public administration (27%) and healthcare (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.