Soil hydrological properties play a key role in soil hydrological processes. However, the effect of long-term vegetation restoration on soil hydrological properties and the corresponding influencing mechanisms remains poorly understood. Here, three soil hydrological properties including saturated water-holding capacity (SWHC), field capacity (FC) and saturated hydraulic conductivity (Ks), as well as several basic soil properties in the Zhifanggou watershed of the Loess plateau were investigated. The variations in SWHC, FC and Ks under different vegetation restoration types and their dominant influencing factors were analyzed. Moreover, we collected available Ks data from peer-reviewed publications to determine the land use with the largest Ks across the entire Loess Plateau. The results showed that SWHC FC and Ks were increased after 20 years of vegetation restoration. The higher Ks was found in shrubland and forest in the whole Loess Plateau. Compared with cropland, Ks in shrubland was increased by 87.10% at 0–20 cm, 48.89% at 20–40 cm, and 18.37% at 40–100 cm, respectively, indicating that the impact of revegetation on Ks were most obvious in the upper soil layer. Bulk density (BD), total porosity (TP), capillary porosity (CP), noncapillary porosity (NCP) and soil organic matter (SOM) had a significant effect on SWHC, FC and Ks for different land-use types (P < 0.01). Soil porosity (i.e., TP, CP and NCP) and BD, soil chemical properties (i.e., SOM and pH), and soil particle composition explained 93.8%, 59.2%, and 13.4% of the total variance in soil hydrological properties (i.e., SWHC, FC and Ks), respectively. This indicates that soil porosity and BD are the dominant factors affecting soil hydrological properties. Moreover, soil particle composition played an important role in regulating Ks, with the contribution of 38.6%. The established pedotransfer function (PTF) of Ks using BD, clay and silt content had a better performance than two existing PTFs. This research provides a more systematic and comprehensive understanding of the soil hydrological effect of vegetation restoration in the Loess Plateau.