As the appeal of life in this suburban city grows, so has its population over the past several decades. With more than 242,000 residents as of July 2019, it is the 13th most populated city in Texas.
In 2017, the median household income was reported at approximately $58,200 by the United States Census Bureau. An estimated 79.9% of residents have completed high school, while 36% of residents hold a minimum of a bachelor’s degree.
Renting or Purchasing a Home
As of October 2019, Zillow reported the median home value in this popular Texas suburb at $223,400, representing an impressive 7.8% increase over the previous year. Zillow predicts that median home values will rise an additional 5.6% throughout the year 2020. The median list price of homes for sale is $360,000, as reported by Zillow in 2019.
Renters can expect to pay between $1,400 and $1,500 per month for a two-bedroom unit. The average monthly cost for rentals of all types is 1,800 per month.
A Growing Community
Situated between Dallas and Fort Worth, this community has thrived since its inception and has been on a track of steady growth since the 1950s. Las Colinas, one of the first master-planned communities in the United States, lies within the city’s boundaries. Founded in 1973, Las Colinas offers a unique mix of residential neighborhoods, urban amenities and an extensive parks and trails system. Seven Fortune 500 companies have facilities in Las Colinas, including ExxonMobil and Kimberly-Clark.
The Suburb That Never Sleeps
Irving features the lively Las Colinas Entertainment District, officially completed in early 2019. See the hottest names in music at the Toyota Music Factory or meander in and out of the eclectic boutiques on Water Street. Sample delicious local fare, found in restaurants, gastropubs and cafes throughout the entertainment district.
Beyond the Las Colinas Entertainment District, you’ll find the Irving Arts Center. As a Smithsonian affiliate, visitors are awed by their surroundings as they take in a show at one of two fully-equipped theaters or explore the galleries and sculpture garden at their leisure.
History enthusiasts can visit three historical museums that showcase different aspects of the area’s past. The Heritage House, Jackie Townsell Bear Creek Heritage Center and the Ruth Paine House Museum enlighten residents and visitors with local historical tidbits.
Our team of experienced property management professionals are ready to answer your questions. Contact us today for your comprehensive market analysis!
Irving Property Management
Our property management team specializes in residential areas throughout Irving, TX. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bullet proof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands. Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Irving area property management services.
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