Home Values in Irving, Texas — 2026 Market Report
Updated March 2026 | Buyer's Market | +5.9% YoY
The median home value in Irving, Texas is $295,000 as of March 2026, which is below the national median of $400,000. Home values in Irving have increased by 5.9% over the past year and 33.2% over the last five years. With a population of 256,684 and a median household income of $58,520, the price-to-income ratio stands at 5.0x, making Irving affordable for the average household.
Irving Housing Market Conditions
| Metric | Irving | National Avg |
|---|---|---|
| Median Home Value | $295,000 | $400,000 |
| YoY Appreciation | +5.9% | +3.8% |
| 5-Year Appreciation | +33.2% | +22.4% |
| Price per Sq Ft | $104 | $222 |
| Days on Market | 35 days | 45 days |
| Months of Supply | 5 | 3.5 |
| List-to-Sale Ratio | 101.5% | 98.5% |
| Monthly Homes Sold | 243 | — |
| Foreclosure Rate | 0.71% | 0.3% |
Home Value Trends in Irving
A homeowner who purchased at the median price of $221,471 five years ago in Irving would have gained approximately $73,529 in equity, representing a 33.2% return on investment. Over the past year alone, the typical homeowner gained $16,435 in home equity.
Affordability in Irving, TX
With a median household income of $58,520 and a median home price of $295,000, the price-to-income ratio in Irving is 5.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,114 compared to estimated monthly ownership costs of $1,844 gives a rent-vs-buy ratio of 0.87. In Irving, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Irving
The effective property tax rate in Texas is 1.8%. On a home valued at $295,000, the estimated annual property tax bill is $5,310, or approximately $443/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Irving is 95.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Irving, TX?
The median home value in Irving, Texas is $295,000 as of March 2026. Home values have changed +5.9% over the past year, with a 5-year appreciation of 33.2%.
Is Irving a buyer's or seller's market?
Irving is currently a buyer's market with 5 months of housing supply. Homes spend an average of 35 days on market, and the list-to-sale price ratio is 101.5%. Supply and demand are relatively balanced.
Are home values going up in Irving?
Yes, home values in Irving have increased by 5.9% over the past year. The 5-year appreciation rate is 33.2%, meaning a home worth $221,471 five years ago is now worth $295,000.
Is it better to rent or buy in Irving?
The average monthly rent in Irving is $2,114, while estimated monthly homeownership costs are approximately $1,844. The price-to-rent ratio is 11.6. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Irving, Texas is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.