Driftwood, Texas has a population of approximately 1,600 people. It's very old and small, retaining many of its original structures. Dining includes the Lazy 8 Ranch and the popular, well-known Salt Lick. Driftwood is conveniently located 30 miles from Austin, five miles from dripping springs, and 17 miles from San Marcos. Median home prices in Driftwood, Texas have remained relatively stable from their peak in 2007, though the price trend points generally downward. Home prices range from $200,000 to over $500,000.