CALCMONEY // HOME AFFORDABILITY // TX // IRVING
How much house can you afford in Irving? Based on local median home prices, current TX mortgage rates, and Irving property tax data.
$375,000
$2,788/mo
$119,499/yr
$155,791
Monthly housing costs of $2,788 represent 47.8% of Irving's median gross monthly income ($5,833/mo). At 47.8%, median-income buyers in Irving are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $375,000 |
| Down Payment (20%) | $75,000 |
| Loan Amount | $300,000 |
| Monthly PI Payment | $1,976 |
| Monthly Property Tax | $656 |
| Monthly Insurance Est. | $156 |
| Total Monthly PITI | $2,788 |
| Housing Cost % of Income | 47.8% |
| Required Income (28% rule) | $119,499/yr |
| Max Affordable Home | $155,791 |
$13,125
$3,452/mo
Irving Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $375,000 | Irving city median |
| Down Payment (20%) | $75,000 | Conventional loan |
| Monthly PITI | $2,788 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $119,499 | Annual gross |
| Max Affordable Home | $155,791 | Based on median income |
| FHA Down (3.5%) | $13,125 | Minimum FHA |
| Housing Cost % of Income | 47.8% | Median income: $70,000/yr |
| Property Tax Rate | 2.1% | $7,875/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Irving is $375,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $300,000, generating a monthly P&I payment of $1,976. Adding property taxes ($656/mo) and homeowners insurance ($156/mo) brings total monthly PITI to $2,788.
Irving's property tax rate of 2.1% is notably high, meaningfully reducing how much home buyers can afford — lenders factor this directly into debt-to-income calculations. On the Irving median home, that is $656/month, or $7,875 per year.
Texas has no state income tax, improving effective take-home pay for Irving residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Irving's median income of $70,000/year can afford up to $1,633/month in total housing costs. Based on Irving's mortgage rate of 6.9% and property tax rate of 2.1%, that translates to a maximum affordable home price of approximately $155,791 with 20% down on a 30-year loan.
To afford the median Irving home priced at $375,000, you need an annual gross income of approximately $119,499. Total monthly housing costs (principal and interest of $1,976, property taxes of $656, and insurance of $156) come to $2,788/month, which equals 28% of the required income.
At the median home price of $375,000 and median household income of $70,000, the total monthly housing cost of $2,788 represents 47.8% of gross monthly income. This is well above the standard 28% threshold, making Irving a challenging market for buyers at median income.
A conventional 20% down payment on the median Irving home of $375,000 is $75,000. An FHA loan requires just 3.5% down — $13,125 — but adds mortgage insurance of roughly $256/month, bringing total FHA payments to $3,452/month.