Irving, TX home values, income, and owner costs

In Irving, TX, the 2024 ACS reports a median owner-occupied home value of $315,600, median household income of $81,830, and median selected monthly owner costs of $2,243 for owners with a mortgage. For the decision at hand, together, those three reference points can help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $2,243 measure combines recurring ownership expenses in place of real estate taxes alone. In practical terms, a useful affordability review starts with $315,600, $81,830, and $2,243, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Irving, TX's $315,600 median home-value estimate is above the statewide $283,800 estimate, with a reported city-to-state gap of 11.2%. For the decision at hand, that 11.2% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Irving, TX. It does not mean every local property is 11.2% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. In practical terms, a borrower can apply $315,600 and $283,800 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.