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Irving, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,631
Monthly Cash Flow
-$700
Principal + Equity
$2,361
Annual Total Gain
$19,940
Cash on Cash
-9.97%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$176
Occupancy Rate
58.06%
Monthly Revenue
$2,193
Monthly Cash Flow
-$467
Principal + Equity
$2,361
Annual Total Gain
$22,732
Cash on Cash %
-6.65%
Net ROI %
Market Health & Growth
Median Income
$79,641
Population
255,036
LTR Renter %
61.69%
Forecast (1 yr)
0.07%
Appreciation (1 yr)
-4%
Appreciation (5 yr)
34.24%
Appreciation (10 yr)
105.87%
Job Growth
-0.97%
LTR Rentability
Moderate
STR Demand
50
STR Rentals
600
Top Public Schools
ACoppell High School
APioneer Technology & Arts Academy North Dallas
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Most Diverse Cities in America
#33out of 229 markets
Best Cities to Raise a Family in America
#42out of 229 markets
Best Cities for Young Professionals in America
#44out of 229 markets
B
Public School
C-
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Irving, TX.
In Irving, TX, Short Term Rental (STR) regulation is governed by the city's Code of Ordinances. Investors looking to purchase a property for STR purposes in Irving should be aware of the following regulations:
1. Registration and Permitting: All STR properties in Irving must be registered with the city and obtain a permit before operating. The permit must be renewed annually.
2. Occupancy Limits: The city of Irving has specific occupancy limits for STR properties, which vary depending on the size of the property. Investors should ensure that their property complies with these limits.
3. Noise and Nuisance Regulations: STR properties in Irving must comply with noise and nuisance regulations to ensure that they do not disrupt the peace and quiet of the neighborhood.
4. Parking Regulations: Irving has specific regulations regarding parking for STR properties, including the number of parking spaces required per property. Investors should ensure that their property meets these requirements.
5. Safety and Building Code Compliance: STR properties in Irving must comply with all safety and building code regulations to ensure the safety of guests. Investors should ensure that their property meets these standards.
6. Taxation: Investors should be aware of any local taxes or fees that may apply to STR properties in Irving, such as occupancy taxes or hotel taxes.
It is important for investors to thoroughly research and understand the regulations and requirements for operating an STR property in Irving before making a purchase. Failure to comply with these regulations can result in fines or other penalties.
Market Trends Over Time
Explore 25 years of market data for Irving, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Irving, TX.
The LTR Genie Score of Irving, TX is 60 and STR Genie Score is 52, indicating a moderate level of rentability for both long-term and short-term rental investments. The LTR Net ROI of 23.67% and STR Net ROI of 26.98% suggest that both rental strategies can yield profitable returns in this market. The 1-Year Price Appreciation Forecast of 0.07% indicates a stable market with potential for growth.
The LTR Genie Score is slightly higher than the STR Genie Score, suggesting that long-term rental investments may be slightly more favorable in Irving, TX. However, the STR Net ROI is slightly higher, indicating that short-term rentals could also be a lucrative option.
Overall, Irving, TX appears to be a promising market for real estate investors, with both long-term and short-term rental strategies showing potential for profitability. Investors may want to consider diversifying their portfolio by investing in both rental types to maximize returns in this market. Additionally, the stable price appreciation forecast indicates that property values are likely to hold steady, providing a solid foundation for investment growth.
Irving, TX is a diverse and rapidly growing city located in the Dallas-Fort Worth metroplex. With a strong job market, excellent schools, and a variety of entertainment options, Irving attracts a mix of residents and visitors, making it an attractive location for real estate investment.
LTR Genie Score 93
$269,900
🛏 3 Beds🛁 2.0000 Baths🏙 1,739 sqft.🏠 SINGLE FAMILY
