Real Estate Investing in Irving, Texas (75038)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 75038 (Irving, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 28.0 — hard to cash-flow at these prices.
What’s happening in Irving, TX (75038)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 75038 Irving
The 75038 ZIP in Irving, TX is a local-operator market. Outside capital chasing a $463K entry has to pair deep knowledge with the discount.
Distressed markets are won on execution, not on spreadsheets. ZIP 75038 reports the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Statewide comparisons place 75038 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
In practical terms, 33,097 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Strategy in 75038 is an operator game, not a passive one. Put differently, entry prices of $463K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Irving:
Property Strategy for 75038
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $112,694 | $1,780 | 11.4% | +5.9% | $112,694 |
| 2BR | $220,734 | $2,090 | 6.8% | +5.4% | $110,367 |
| 3BR | $421,349 | $2,630 | 4.5% | +6.2% | $140,450 |
| 4BR | $694,515 | $3,350 | 3.5% | +7.9% | $173,629 |
| 5BR | $1,052,138 | — | — | +8.8% | $210,428 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 75038 Compare?
| Metric | 75038 | Irving | Dallas-Fort Worth-Arlington, TX | Texas |
|---|---|---|---|---|
| Home Value | $462,975 | $434,723 | N/A | $297,000 |
| 5-Year CAGR | 5.5% | 4.6% | N/A | 5.4% |
| Avg Rent | $1,377 | $1,564 | N/A | - |
| Cap Rate | 2.3% | 3.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 75038 (Irving, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 75038 (Irving, TX)?
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Property managers serving Dallas County
Manage rentals here? List your business →Accolade Property Management, Inc. is a full-service real estate management firm specializing in multifamily assets from Texas to Florida, dedicated to quality, value appreciation, and integrity. summary from their website
Blue Mountain Community Management Inc. offers HOA and condominium management services in the Portland Metro, Southern and Coastal Oregon, Seattle, and Tri-Cities areas. summary from their website
Enchill Property Management Consulting helps apartment properties fill vacancies and can build and train staff on effective property management. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $462,975 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 28.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.3% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.6% ▲ |
🏠 Rent Trends
| 1-Year | -6.0% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 75038
Population: 33,097
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 75038
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BUSH MIDDLE
LANDRY EL
LAS COLINAS EL
RANCHVIEW H S
FREEMAN EL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Is vacancy a concern in Irving, TX?
Expect elevated vacancy in Irving, TX. Rents at $1,377/mo are absorbed by the tenant base without meaningful lag.
Is rental property easy to operate in Irving, TX?
Landlord-friendliness in Irving, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the typical home price in Irving, TX?
In Irving, TX the median home value sits at $463K. Against the broader TX market, that reads as reasonable for most investors.
How much do tenants pay in Irving, TX?
Rent in Irving, TX is around $1,377/mo. The resulting rent-to-value relationship with $463K pricing is reasonable for most investor models.
What kind of tenants rent in Irving, TX?
Tenant quality in Irving, TX ranks as solid. Landlords generally report measured occupancy at market rents of $1,377/mo.
You know 75038 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 75038 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 75038 ranks in Dallas-Fort Worth-Arlington, TX
Every ZIP in this metro, ranked. Free.
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