Irving, TX—75061
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 $293,000, with a year-over-year change of -4.7%. This indicates that home prices in Irving, TX are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $293,000 | -4.7% |
| Single Family | $298,000 | -4.5% |
| Condos | $147,000 | -6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $144,000 | -1.4% |
2 Bed | $215,000 | -4.0% |
3 Bed | $291,000 | -4.9% |
4 Bed | $371,000 | -3.4% |
| 5 Bed | $482,000 | -2.6% |
% 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 4.8%. Per bedroom, the median rent as of July '25 in Irving, TX is studios: $1,050, 1-bedrooms: $1,110, 2-bedrooms: $1,500, 3-bedrooms: $2,520, 4-bedrooms: $3,080. The most common rental property sizes in Irving, TX are 2-bedroom and 1-bedroom, accounting for 37.4% and 35.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,740 |
| Studio Rent | $1,040 | $1,050 |
| 1 Bed Rent | $1,100 | $1,110 |
| 2 Bed Rent | $1,480 | $1,500 |
| 3 Bed Rent | $2,400 | $2,520 |
| 4 Bed Rent | $2,550 | $3,080 |
% 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 61. This is a increase of 8.0% 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -4.0% |
Listing Count | 72 | 22.0% |
| Listings as % of Homes | 0.2% | 22.0% |
Days on Market | 61 | 8.0% |
Demographics — Irving, TX
As of the latest ACS Survey released in 2023, Irving, TX has a population of 55,800, which has increased by 1.8% over the past 5 years. Irving, TX is a popular place for families, as children make up 28.2% of the population. The area has a poorly educated workforce, with 16.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,800 | 1.8% |
% Under 18 | 28.2% | -6.3% |
% Seniors | 9.3% | 13.4% |
% WFH | 7.7% | 185.2% |
% w/ College Degree | 16.6% | 11.4% |
As of the latest ACS Survey released in 2023, Irving, TX is a predominantly hispanic area, with 70.9% of the population identifying as hispanic. The hispanic population has grown by 6.9% in the last 5 years. The second most common race or ethnicity in Irving, TX is white, making up 14.3% of the population. Foreign-born residents account for 40.5% of the population in Irving, TX, and this percentage has increased by 8.9% 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 | 14.3% | -27.8% |
% Black | 7.7% | -14.4% |
% Hispanic | 70.9% | 6.9% |
% Asian | 5.1% | 41.7% |
% Foreign Born | 40.5% | 8.9% |
Mortgage and Risk — Irving, TX
According to HUD data as of 2023, there were 238 mortgage originations in Irving, TX, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Irving, TX. Investor activity is low, as 3.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 238 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 18.0% |
Loan Activity
Rentals and Section 8 — Irving, TX
As of 2024, the percent of homes in Irving, TX under the Section 8 program is 1.4%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 152 |
Total Units Section 8 | 143 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,100 | $1,420 |
| 2 Bedroom | $190 | $1,480 | $1,670 |
| 3 Bedroom | -$310 | $2,400 | $2,090 |
| 4 Bedroom | $140 | $2,550 | $2,690 |
Affordability — Irving, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $293,000 |
| Median Household Income | $61,300 |