Tuesday, July 13, 2010

Irving, TX Apartment Market Report

Renters looking for a new apartment home in Irving, TX have selected a city with one of the most diverse apartment markets available. The city of Irving offers an impressive number of apartment communities to choose from that offer an assortment of amenities for varying budgets. With its central location in the vibrant Dallas / Fort Worth metroplex, it is no wonder that Irving has one of the more stable apartment housing markets in the area.

Irving is located in Dallas County and has a healthy estimated population of over 200,000. It also has a stable job market with several large companies, such as ExxonMobil, Commercial Metals, and Kimberly-Clark, having headquarters located in the city. Valley Ranch, one of the neighborhoods included in the city of Irving, is also the headquarters of the National Football League's Dallas Cowboys. With its central location, there is only a short commute to see the areas other professional sporting franchises, such as the Dallas Mavericks, Dallas Stars, or Texas Rangers. Irving is also home to DFW Airport - the third largest airport in the world in terms of aircraft movements and the seventh largest airport in the United States in terms of passenger traffic.

Irving currently is home to over 230 apartment communities offering slightly more than 47,800 individual apartment home units. On average, each apartment community offers approximately 218 units, making the average apartment size in Irving comparable to other cities in the DFW metro area. The least expensive one bedroom apartment in Irving can rent as low as $136 per month, and the most luxurious Irving apartment boasts rents as high as $2,900 per month. This diversity in rent amounts results in an average one bedroom rental rate settling in at $739 per month. Looking for a two bedroom apartment in Irving Texas? The average monthly rental rate for a two bedroom apartment is $956 per month. Likewise, $1,189 is the average rental rate for three bedrooms in the sprawling city of Irving.

Looking for an "All Bills Paid" apartment in Irving? Renters interested in communities offering all bills paid utility packages gain the convenience of a rental price that also includes all electric and utilities. Remember, all bills paid properties typically do not include services such as cable television or high speed internet, although, these services are available for an additional monthly fee paid to the service provider. Renters looking for all bills paid options are searching in the ideal city with Irving. Irving is home to more all bills paid apartment communities than any other mid cities destination in the DFW metroplex; third only to Dallas and Fort Worth. In fact, there are 44 different apartments offering all bills paid options in Irving. That number represents 19% of all the apartment communities in the Irving apartment market. These properties help to provide additional options for the budget conscious Irving renter.

With so many apartment choices available in the Irving area, typically, basic decisions on floor plans and budget are not the only considerations for renters. In fact, in most cases, renters find the amenities, or an apartment community's or unit's features, an important element when searching for their next apartment. From fireplaces to flooring and parking to security, an apartment's amenities are the finer details that make an apartment a home for every renter. For example, for renters looking for a community offering child recreational amenities, there are currently 53 properties that offer playground equipment within the community. Conversely, there are three Irving communities that focus exclusively on providing senior living facilities. If garden tubs or walk in closets tops the list, there is no need to fret. There are approximately 42 Irving apartment communities that offer garden tubs within their units. Walk in closets seem to be pretty standard among Irving apartments with an overwhelming number of them, 217 properties, offering this feature within their units. That's over 90% of Irving communities that offer walk in closets!

Are you an Irving pet owner? For loving pet owners, finding an apartment that allows cats or dogs can often be the number one priority. Irving offers many pet friendly rental options including 220 apartment communities that accept cats or dogs. Remember that some of these communities only accept certain breeds and may also have other weight restrictions. Contact a local rental agency to determine which properties will work best for your family pet.

One of the primary concerns among renters is the security of the community. The city of Irving has recently passed a new law that allows police to target high crime apartments and put pressure on landlords to clean up their properties or face being shut down. It is becoming more and more common for apartment communities to offer gated access and upgraded security patrols. In fact, 25% of Irving apartment communities, a total of 58 properties, offer gated access for their apartment residents. If residents need even more privacy, 12 properties offer a parking garage onsite, 28 offer detached garages with their units, and 24 offer garages that are attached to the actual apartment unit the resident rents. Renters can contact the local Irving police department for specific crime rate information on an apartment or area they might be interested in.

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