Irving, Texas

$195,000 is the median house value in Irving, Texas. The values of houses in Irving have increased 8.2% in 2017. Zillow has made a prediction that houses will increase in value 2.9% in 2018.

The per square foot median list cost is $154 in Irving, Texas. The Metro area of Dallas-Fort Worth has a lower per square foot median list cost of $135.

In Irving, Texas, $379,990 is the median cost of houses listed. Homes that have been sold have a median cost of $238,000 in Irving.

A factor influencing home values for the next few years is foreclosure rate. For every 10,000 houses in Irving, 0.2 are foreclosed. The metro area of Dallas-Fort Worth has double the foreclosure rate when compared to Irving of 0.4 houses per 10,000 foreclosed. 1.6 houses per 10,000 is the United States foreclosure rate.

There is a first step that home owners experience if they are going through the foreclosure process. It’s called mortgage delinquency. What is mortgage delinquency?  A mortgage is generally considered delinquent or late when a homeowner fails to pay the scheduled mortgage payment on the due date or before.

The United States has 1.6 percent of its mortgages in delinquent status. Irving has a lower rate of delinquent homes which is 1.0 percent.

From 2007 through 2011, United States house values had fallen more than 20 percent. This has resulted in quite a few house owners being underwater on their mortgage payments. Underwater means that they owe more on their house than the value of their house.

Irving Texas has 4.9 percent of its owners of homes being underwater on their mortgage loan payments. This is a greater amount than the Metro area of Dallas-Fort Worth which is experiencing 4.4 percent of its home owners being under water.