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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 236,607, 83,649 total housing units (homes and apartments), and a median house value of $170,794, 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 46.40% of the city's housing units. Other types of housing that are prevalent in Irving include single-family detached homes ( 39.63%), duplexes, homes converted to apartments or other small apartment buildings ( 7.76%), and a few row houses and other attached homes ( 4.33%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
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 ( 25.80%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.16%).
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 25.70% over the last ten years, which is an average annual home appreciation rate of 2.31%, 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.
Appreciation rates are so strong in Irving that despite a nationwide downturn in the housing market, Irving real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Irving appreciation rates continue to be some of the highest in America, at 7.51%, which is higher than appreciation rates in 84.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Irving. Irving appreciation rates in the latest quarter were at 2.35%, which equates to an annual appreciation rate of 9.75%.
Importantly, this makes Irving one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Irving's latest annual appreciation rate is higher than 70% 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.
|$968,001 - $1,291,000||0.5|
|$645,001 - $968,000||2.3|
|$516,001 - $645,000||3.9|
|$387,001 - $516,000||7.0|
|$258,001 - $387,000||15.4|
|$129,001 - $258,000||43.0|
|$65,001 - $129,000||20.7|
|$0 - $65,000||6.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Irving HOMES|
|2000 or Newer||16.2|
|1970 - 1999||57.3|
|1940 - 1969||25.8|
|1939 or Older||0.7|
|TYPE OF Irving HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF Irving HOMES|
|5 or more bedrooms||2.05|