75061, Irving, TX

Irving, TX is located in the Dallas-Fort Worth metro area and has a population of over 1 million people. The 75061 zip code has a median home value of $217,500 and a median home equity of $133,000. This means that approximately one-third of all homes in the Irving zip code are worth more than their original purchase price, and one-quarter of all homes have more equity than the mortgage balance.

The Irving market is very strong overall, with both home values and home equity rising steadily over the past few years. This trend is likely to continue as long as there are no major economic or political events that could cause a downturn in the local economy. In addition, many homeowners in Irving have taken advantage of low interest rates to increase their equity levels even further.

There are several factors that contribute to the high level of home equity in Irving. First, many homeowners here have done a good job of saving for their down payment – which can add up to a significant chunk of change over time – and have been able to leverage this money by buying larger homes with more equity than they would otherwise be able to afford. Second, Irving is an affluent area with relatively low unemployment rates (4% as of 2016) and strong job growth prospects – meaning that there is plenty of demand for housing here overall. Finally, many homeowners here have chosen to invest their excess cash flow into property rather than taking it out on unnecessary expenses like vacations or luxury items – which again helps boost their overall equity levels.