Irving appears moderately affordable relative to its income and housing costs. With a median household income of $81,830, the median gross rent of $1,619 represents about 23.7% of monthly income, which is within a range often considered manageable. However, affordability depends on individual circumstances, and the uniform non-housing calculator baseline of $1,250 per month is a model assumption, not a local observation.
Irving at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $34,428. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 256,492 |
| 2024 ACS median household income | $81,830 |
| 2024 ACS median gross rent | $1,619 |
| 2024 ACS median owner-occupied home value | $315,600 |
| Derived one-way commute estimate | 26 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 24% |
The trade-off
Relative strength: Median rent is 23.7% of median income.. Watch closely: higher home values may reflect long-term equity potential despite monthly costs..
Compare Irving
Frequently asked questions
Is Irving, Texas affordable for renters?
Based on 2024 ACS data, Irving's median gross rent of $1,619 per month is about 23.7% of the median household income of $81,830, suggesting moderate affordability for renters, though individual budgets vary.
How does Irving's median home value compare to its income?
The median owner-occupied home value in Irving is $315,600, which is approximately 3.85 times the median household income of $81,830, indicating a home price-to-income ratio that may require significant savings or financing for purchase.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.