Looking at the numbers, Irving has a somewhat unique position within the DFW Metro area.

As of the first half of 2026, the median home price in Irving is estimated to be around $390,000 based on data from Zillow and Redfin, which is higher than Dallas but lower than Plano, placing it in the middle range.

Let's calculate based on standard loan conditions. With a 20% down payment, the loan principal would be $312,000, and assuming a 30-year fixed rate of 6.75%, the monthly principal and interest payment would be approximately $2,024.

Data suggests that the effective property tax rate in Dallas County, where Irving is located, is estimated to be around 2.1%, making the monthly property tax for a $390,000 home about $683. If we estimate homeowners insurance at $2,100 annually ($175 monthly), the total monthly housing cost, including principal, interest, taxes, and insurance, would be about $2,881.

Applying the DTI 28% rule, the required monthly income would be $2,881 ÷ 0.28 = $10,290, which translates to an annual income of about $123,000. Given that the median household income in the DFW Metro area is estimated to be around $80,000, there is a gap of about $43,000 based on median income households.

When compared to nearby cities, Irving's uniqueness becomes apparent. Irving has a business district concentrated with multinational corporate headquarters, leading to some areas having higher home prices than downtown Dallas, while lacking the premium of top-tier school districts like Plano, indicating it occupies a market position somewhere in between.

• Median Home Price: Approximately $390,000
• Total Monthly Housing Cost: Approximately $2,881
• Required Annual Income: Approximately $123,000
• DFW Metro Median Household Income: Approximately $80,000

From the perspective of Korean households, Irving is a consistently in-demand area due to its good access to Korean businesses and workplaces. For dual-income households with a combined income of around $130,000, it is calculated that they can access homes in the median price range of Irving. If income falls short, adjusting the down payment ratio or considering alternative options like condos or townhomes may be realistic alternatives.

One key point to emphasize from the data is that Irving tends to see an increase in rental demand alongside the expansion of commercial districts. Even for non-residential purposes, it is considered a viable area to calculate rental yields from an investment perspective.