Sell Your Commercial Property In Irving, TX

Who rents in Irving

Irving is one of the most renter-heavy cities in North Texas. The Census Bureau's 2020–2024 American Community Survey counts 256,492 residents in 94,845 occupied homes, and 58,699 of those households, or 61.9%, rent. Only 36,146 are owner-occupied. Across the Dallas-Fort Worth-Arlington metro, the same survey puts the renter share at 39.9%, so Irving's rental share is more than 20 points higher than the region's.

Irving renters overwhelmingly live in apartments. ACS table B25032 shows 42,954 renter households, 73.2% of the total, in buildings with five or more units, and 21.0% in complexes of 50 or more. Just 11.8% rent a detached house. Median household income is $81,830, below the $90,275 metro median, a mix that reflects both corporate professionals in Las Colinas and lower-wage service and logistics workers elsewhere in the city.

What drives demand

Irving sits between Dallas and Fort Worth on the eastern edge of DFW International Airport, and the airport is one of the largest job centers in the region. A December 2025 economic impact study released by the airport puts its annual contribution to North Texas at $78.3 billion and the jobs it supports at 684,000, including 50,600 people who work directly at the airport. Airline crews, ground handlers, cargo and logistics staff, and hotel workers want short commutes, and South Irving and the SH 114 and SH 183 corridors put them minutes from the terminals.

Las Colinas is the corporate side of the city. It holds the headquarters of companies such as McKesson and Kimberly-Clark along with regional offices for financial, insurance and technology firms, and its urban center mixes mid-rise apartments with offices and an entertainment district. Transfers and new hires in those offices are a steady source of one- and two-bedroom leases. The University of Dallas adds a smaller student and faculty population on the city's east side.

Rents and affordability

Median gross rent in Irving, including tenant-paid utilities, is $1,619 a month in the 2020–2024 estimates, about the same as the metro median of $1,614. By bedroom count, ACS table B25031 shows Irving running slightly ahead of the region on most unit sizes:

Source: U.S. Census Bureau, ACS 5-year estimates 2020–2024, via Census Reporter. Irving's one- and two-bedroom medians are $38 and $76 above the metro, and the step from one to two bedrooms is about $305. Because most renters here are in apartments rather than houses, those figures largely describe apartment rents.

Rent burden is moderate for a renter-majority city. Among Irving renter households, 43.3% spend 30% or more of income on gross rent and 18.3% spend at least half. Both are below the metro's 50.1% and 23.6%, which helps collections, though renewal increases still meet resistance in older Class B and C properties.

The apartment stock

Irving's housing is close to half apartments. ACS table B25024 counts 102,512 housing units, of which 49,236, or 48.0%, are in buildings of five or more units. The mid-size range is especially large: 15,225 units sit in 10–19 unit buildings and 10,195 in 20–49 unit buildings, along with 9,952 in 5–9 unit buildings and 13,864 in complexes of 50 or more. Together, 10–49 unit buildings hold 25,420 units, or 24.8% of all Irving housing. That band, too large for most individual landlords but too small for many institutions, is where private syndicators and regional operators do much of their buying. It gives Irving sellers of mid-size properties a deeper pool of likely buyers than the city's size alone would suggest, and it means comparable sales are easier to find when you and a buyer argue over price.

Much of the stock dates from the 1970s and 1980s, which together produced 35.4% of all units. The median home dates from 1986, the 1980s alone produced 23.0%, and 35.9% of units predate 1980, so 58.9% of Irving housing is more than 35 years old. Only 13.8% of units were built in 2010 or later, and just 1,858, or 1.8%, in 2020 or later. Much of the newest product is in Las Colinas, while older garden-style complexes line South Irving and the corridors near the airport.

Submarkets diverge. Las Colinas and Valley Ranch, in the north, command higher rents and compete with new construction on amenities. South Irving holds older, more affordable buildings where value-add work and code compliance carry more weight. Coppell, to the north, is a separate city and is not included in these figures.

Property taxes on apartment buildings in Dallas County

Texas has no state property tax. The Comptroller notes that appraisal districts value property and local units levy taxes; in Irving, the Dallas Central Appraisal District sets market value each year, with no reduced ratio for apartments. The Dallas County Tax Office lists these 2025 rates per $100 of value:

• City of Irving: $0.589100 ($0.429400 operations, $0.159700 debt)
• Irving ISD: $1.015900
• Dallas County: $0.215500
• Parkland Hospital: $0.212000
• Dallas College: $0.106575

For a building in Irving ISD that comes to about $2.14 per $100, or roughly 2.1% of appraised value. On a $3 million appraisal, the annual bill is about $64,200. Parts of Irving lie in other school districts; the same table lists Carrollton-Farmers Branch ISD at $0.948100 and Coppell ISD at $0.981900, which lowers the total for those parcels.

Under Tax Code § 23.231, appraisal increases for non-homestead property valued at or below a threshold, $5 million for 2024 and indexed afterward, are limited to 20% a year plus new improvements, but only after a full year of ownership, and the limit ends on sale. Protests are due by May 15 or 30 days after the appraisal notice is delivered, whichever is later, according to the Comptroller.

Landlord rules and local compliance

Irving regulates apartment condition through its multifamily program. Properties are inspected at least once a year depending on their risk rating, and Level 3 properties are inspected at least twice a year. A multifamily application must be filed with Code Enforcement and updated within seven days when management changes. After a sale, the new owner applies for a new certificate of occupancy in its own name and files a new multifamily application.

Rent levels are not regulated. Under Local Government Code § 214.902, a Texas city may adopt rent control only after finding a disaster-related housing emergency and obtaining the governor's approval. Deposits must be refunded within 30 days under Property Code § 92.103, bad-faith retention carries penalties under § 92.109, and § 24.005 requires three days' notice to vacate before an eviction filing unless the lease provides otherwise.

What this means if you own a building here

Irving owners sell into a renter-majority city with a large stock of mid-size buildings, steady airport and corporate demand, and rents that track the metro. The pressure points are the age of 1970s and 1980s complexes, a combined tax rate above 2% that resets toward the sale price, and a risk-rated inspection program in which a poor rating means more frequent visits. A buyer will ask for your current risk level and recent inspection reports.

Test a price with our cap rate calculator and value calculator, and review the capital gains tax calculator before you list. Skyline Capital Investments buys 5+ unit buildings across Irving, including Las Colinas, Valley Ranch, South Irving and nearby Coppell. Our seller page explains how we underwrite.