75038, Irving, TX

Irving, TX is located in the Dallas-Fort Worth metro area and has a population of over 1 million. The 75038 zip code has a median home value of $171,000 and a median household income of $81,000. Home equity is important to many people in Irving and home prices have been on the rise for the past several years.

In Irving, home equity is important because it allows homeowners to use their homes as collateral for loans or to invest in other assets. Home prices have increased due to strong demand from buyers and limited supply. In addition, Irving has seen an influx of new residents who are seeking affordable housing options.

The average price per square foot for homes in the 75038 zip code is $130 which is higher than the national average of $113 per square foot. The average price for single family homes has increased by 29% since 2013 while the average price for condos has increased by 54%. The increase in home prices has led to an increase in mortgage rates which have made buying a home more expensive than before.

Despite the increase in prices, many homeowners are still able to afford their homes thanks to strong equity levels. Homeowners who were able to purchase their homes within five years of hitting their peak earnings are now seeing their equity levels grow faster than inflation. This trend indicates that there is still room for growth in Irving's housing market despite increasing prices