Irving, TX—75038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Irving, TX
As of Oct '25, the median home price in Irving, TX is $442,000, with a year-over-year change of -1.8%. This indicates that home prices in Irving, TX are decreasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $442,000 | -1.8% |
| Single Family | $507,000 | -1.2% |
| Condos | $192,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $113,000 | -5.0% |
2 Bed | $221,000 | -4.3% |
3 Bed | $421,000 | -2.5% |
4 Bed | $695,000 | 0.4% |
| 5 Bed | $1,052,000 | 1.0% |
% of Housing Stock
Rental Trends — Irving, TX
As of July '25, Rentcast reports the average rent in Irving, TX is $1,740, with a year-over-year rent change of 12.3%. Per bedroom, the median rent as of July '25 in Irving, TX is studios: $1,290, 1-bedrooms: $1,260, 2-bedrooms: $1,780, 3-bedrooms: $2,760, 4-bedrooms: $4,160. The most common rental property sizes in Irving, TX are 1-bedroom and 2-bedroom, accounting for 51.6% and 39.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,740 |
| Studio Rent | $1,180 | $1,290 |
| 1 Bed Rent | $1,230 | $1,260 |
| 2 Bed Rent | $1,700 | $1,780 |
| 3 Bed Rent | $2,600 | $2,760 |
| 4 Bed Rent | $3,950 | $4,160 |
% of Rental Stock
Property Listings — Irving, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Irving, TX is 72. This is a increase of 79.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $434,000 | -24.0% |
Listing Count | 77 | 32.0% |
| Listings as % of Homes | 0.2% | 32.0% |
Days on Market | 72 | 79.0% |
Demographics — Irving, TX
As of the latest ACS Survey released in 2023, Irving, TX has a population of 33,100, which has increased by 9.8% over the past 5 years. Irving, TX is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 45.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,100 | 9.8% |
% Under 18 | 23.2% | -10.1% |
% Seniors | 7.4% | 42.3% |
% WFH | 18.6% | 447.1% |
% w/ College Degree | 45.3% | -0.4% |
As of the latest ACS Survey released in 2023, Irving, TX is a predominantly black area, with 33.7% of the population identifying as black. The black population has grown by 25.7% in the last 5 years. The second most common race or ethnicity in Irving, TX is asian, making up 27.5% of the population. Foreign-born residents account for 40.9% of the population in Irving, TX, and this percentage has increased by 4.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 16.0% | -9.6% |
% Black | 33.7% | 25.7% |
% Hispanic | 20.6% | 0.5% |
% Asian | 27.5% | -15.4% |
% Foreign Born | 40.9% | 4.6% |
Mortgage and Risk — Irving, TX
According to HUD data as of 2023, there were 109 mortgage originations in Irving, TX, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Irving, TX. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 109 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Irving, TX
As of 2024, the percent of homes in Irving, TX under the Section 8 program is 2.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Irving, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 306 |
Total Units Section 8 | 306 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,230 | $1,700 |
| 2 Bedroom | $300 | $1,700 | $2,000 |
| 3 Bedroom | -$90 | $2,600 | $2,510 |
| 4 Bedroom | -$730 | $3,950 | $3,220 |
Affordability — Irving, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $442,000 |
| Median Household Income | $69,000 |