Irving appreciation rates and housing market information

Irving housing market information

With 191,611 people, 80,315 houses or apartments, and a median cost of homes of $146,259, Irving real estate and house prices are near the national average for all cities and towns.

large apartment complexes or high rise apartments are the single most common housing type in Irving, accounting for 50.26% of the city's housing units. Other types of housing that are prevalent in Irving include single-family detached homes (38.07%), duplexes, homes converted to apartments, or other small apartment buildings (7.41%), row houses and other attached homes (2.74%), and a few mobile homes or trailers (1.47%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Irving primarily live in small (one, two, or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Irving has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Irving built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Irving built from 1940-1969 (30.61%). A lesser amount of the housing stock also hails from 1995 and later (10.51%), and some were built from 1939 and earlier (10.51%).

Irving home appreciation rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Irving, where house values have increased just 32.76%, which is an average annual increase of 3.27%. NeighborhoodScout's data show that in the latest quarter, Irving house values appreciated 0.32%, which is an annualized rate of 1.28%. This rate is lower than the appreciation rate found in 50% of the cities and towns in America.

NeighborhoodScout's data show that during the latest twelve months, Irving home appreciation rates, at 0.86%, have been at or slightly above the national average. In the latest quarter, Irving's appreciation rate has been 0.32%, which annualizes to a rate of 1.28%.

Relative to Texas, our data show that Irving's latest annual appreciation rate is higher than 10% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Irving differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Irving - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Irving real estate investment or home purchase decisions.