Irving, TX—75062
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 -4.9%. 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 | -4.9% |
| Single Family | $297,000 | -4.8% |
| Condos | $183,000 | -11.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $136,000 | -9.3% |
2 Bed | $218,000 | -6.0% |
3 Bed | $283,000 | -5.0% |
4 Bed | $373,000 | -3.9% |
| 5 Bed | $664,000 | 2.9% |
% of Housing Stock
Rental Trends — Irving, TX
As of July '25, Rentcast reports the average rent in Irving, TX is $1,900, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Irving, TX is studios: $2,400, 1-bedrooms: $1,170, 2-bedrooms: $1,590, 3-bedrooms: $2,240, 4-bedrooms: $3,150. The most common rental property sizes in Irving, TX are 2-bedroom and 1-bedroom, accounting for 42.0% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,580 | $1,900 |
| Studio Rent | $2,400 | $2,400 |
| 1 Bed Rent | $1,140 | $1,170 |
| 2 Bed Rent | $1,560 | $1,590 |
| 3 Bed Rent | $2,200 | $2,240 |
| 4 Bed Rent | $2,800 | $3,150 |
% 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 54. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | -8.0% |
Listing Count | 131 | 43.0% |
| Listings as % of Homes | 0.3% | 43.0% |
Days on Market | 54 | -4.0% |
Demographics — Irving, TX
As of the latest ACS Survey released in 2023, Irving, TX has a population of 52,800, which has increased by 8.5% over the past 5 years. Irving, TX is a popular place for families, as children make up 27.9% of the population. The area has a moderately educated workforce, with 35.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,800 | 8.5% |
% Under 18 | 27.9% | 3.0% |
% Seniors | 8.7% | -3.3% |
% WFH | 14.0% | 418.5% |
% w/ College Degree | 35.4% | 42.7% |
As of the latest ACS Survey released in 2023, Irving, TX is a predominantly hispanic area, with 48.5% of the population identifying as hispanic. The hispanic population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Irving, TX is white, making up 19.7% of the population. Foreign-born residents account for 39.5% of the population in Irving, TX, and this percentage has increased by 15.2% 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 | 19.7% | -19.6% |
% Black | 14.4% | 2.9% |
% Hispanic | 48.5% | -0.8% |
% Asian | 13.8% | 40.8% |
% Foreign Born | 39.5% | 15.2% |
Mortgage and Risk — Irving, TX
According to HUD data as of 2023, there were 249 mortgage originations in Irving, TX, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Irving, TX. Investor activity is low, as 6.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 249 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Irving, TX
As of 2024, the percent of homes in Irving, TX under the Section 8 program is 0.9%. 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 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 | 79 |
Total Units Section 8 | 79 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $1,140 | $1,490 |
| 2 Bedroom | $190 | $1,560 | $1,750 |
| 3 Bedroom | -$10 | $2,200 | $2,190 |
| 4 Bedroom | $20 | $2,800 | $2,820 |
Affordability — Irving, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $293,000 |
| Median Household Income | $70,800 |