Irving, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Irving, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Irving Housing Market Information

With a population of 240,373, 84,388 total housing units (homes and apartments), and a median house value of $198,748, Irving real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Irving, accounting for 47.57% of the city's housing units. Other types of housing that are prevalent in Irving include single-family detached homes ( 38.53%), duplexes, homes converted to apartments or other small apartment buildings ( 8.18%), and a few row houses and other attached homes ( 4.05%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and 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 to 1999 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 between 1940-1969 ( 24.98%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.24%).

Irving Home Appreciation Rates

In the last 10 years, Irving has experienced some of the highest home appreciation rates of any community in the nation. Irving real estate appreciated 62.20% over the last ten years, which is an average annual home appreciation rate of 4.96%, putting Irving in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Irving definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Irving's appreciation rate, at 3.87%, has been at or slightly above the national average. In the latest quarter, Irving's appreciation rate has been -0.17%, which annualizes to a rate of -0.69%.

Relative to Texas, our data show that Irving's latest annual appreciation rate is lower than 60% 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 2000, to assist you in making the best Irving real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$198,748

Irving, TX HOME PRICES

Value Range
> $1,378,000 0.6
$1,033,001 - $1,378,000 0.4
$689,001 - $1,033,000 5.2
$551,001 - $689,000 4.7
$414,001 - $551,000 8.4
$275,001 - $414,000 15.5
$138,001 - $275,000 43.2
$69,001 - $138,000 15.5
$0 - $69,000 6.4

High for TX
High for Nation

Value Relative to Nation Value Relative to State
38.6978102189781 24.3452958292919

Number Of Homes And Apartments:
84,388

Irving Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
88.69% 3.31%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,278 / per month

Homeownership Rate

Homeownership
Owners 37.75
Renters 62.25
Vacant 6.22

Housing Market Details

 

Age of Homes

AGE OF Irving HOMES
2000 or Newer 18.2
1970 - 1999 55.9
1940 - 1969 25.0
1939 or Older 0.9

Types of Homes

TYPE OF Irving HOMES
Single-Family 38.5
Townhomes 4.1
Small Apt. Buildings 8.2
Apt. Complexes 47.6
Mobile Homes 1.6
Other 0.1

Home Size

SIZE OF Irving HOMES
No Bedroom 2.05
1 Bedroom 28.64
2 Bedrooms 29.50
3 Bedrooms 27.21
4 Bedrooms 10.30
5 or more bedrooms 2.30