Quick facts: Irving, TX

Quick Facts

101.2
Cost of Living
above US average
254,715
Population
28.6
Crime Rate per 1000
above US average
$76,686
Median Income
below US average
$495,000
Median House Price
above US average
$1940.47
Average Rent
above US average
12%
Poverty Rate
above US average
3.9%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $76,686.

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Income Needed to Buy

βœ— Stretch
$155k/year
Based on $495,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $155k vs median $76,686
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Income Needed to Rent

⚠ Stretch
$83k/year
Based on $1940.47/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $83k vs median $76,686
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Irving, TX

Irving, Texas, is a vibrant city located in the heart of the Dallas-Fort Worth Metroplex. Known for its diverse community and thriving economy, Irving boasts a population of over 240,000 residents. The city is well-connected with major highways and close proximity to the Dallas/Fort Worth International Airport, making it a hub for business and tourism. Irving features several notable attractions, including the Mandalay Canal, which offers scenic views and dining options, and the Las Colinas area, known for its upscale shopping and entertainment. The city is also home to the renowned Irving Arts Center, which hosts various cultural events and performances throughout the year. Outdoor enthusiasts can enjoy numerous parks and recreational facilities, including the scenic Lake Carolyn and the sprawling Campion Trail. Additionally, Irving is in close proximity to major sports teams and events, being just a short drive from downtown Dallas. Overall, Irving combines urban amenities with a suburban feel, making it an attractive place for families, professionals, and students alike.

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