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Irving

Learn about the people, housing, costs and businesses in Irving, Illinois

Median Home$85,900
Median Rent$704/month
Population380
Leading IndustriesConstruction · Agriculture & Mining · Transportation17% construction
Home Value Growth⬆⬆+19.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners86% of occupied units
NotableAffordable Market$86k median home · lower cost than 96% of the country
NotableVeteran Community9% of residents · top 22% nationally
Irving
IL

Frequently Asked Questions

What are today's mortgage rates in Irving?

As of today, the 30-year fixed mortgage rate for Irving is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Irving?

The median home value in Irving is $86k. The median monthly rent is $704. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Irving?

Home values in Irving have increased 19.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Irving?

Based on a typical all-in ownership cost of $680/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Irving is $66k/year.

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What industries drive the economy in Irving?

The largest employment sectors in Irving are public administration (24%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.