The typical owner-occupied home in Irvington is worth about $518,200, 35% above the Virginia median of $383,700 and 56% above the national median of $332,700. Owners pay a median $2,275 a year in property taxes, about 0.44% of their home's value, lower than the Virginia rate of 0.73%. The median household earns $126,136 a year, so the median home costs 4.1 times the median income (4.1 times for Virginia). 89% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Irvington at a glance
| Irvington | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $518,200 | $383,700 | $332,700 |
| Median property tax paid per year | $2,275 | $2,790 | $3,119 |
| Property tax as a share of value | 0.44% | 0.73% | 0.94% |
| Median household income | $126,136 | $93,170 | $80,734 |
| Homes lived in by their owners | 89% | 67% | 65% |
| Owner homes with a mortgage | 63% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,234 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 16.4% | 20.1% | 21.0% |
| Median rent | $925 | $1,579 | $1,413 |
| Rent as a share of renters' income | 22.5% | 29.4% | 30.6% |
| Median year homes were built | 1977 | 1984 | 1980 |
| Vacant homes | 20.5% | 8.7% | 10.1% |
| Population | 513 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Irvington
At this week's average 30-year rate of 7.11%, buying the median Irvington home of $518,200 with 20% down costs about $3,195 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,058, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $136,915 for the 20%-down payment. That payment is 30% of the median Irvington household income of $126,136; at that income and 20% down, the 28% guideline points to a home of about $477,000.
The median rent here is $925 a month, so owning the median home costs about $2,270 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $103,640 |
|---|---|
| Loan amount | $414,560 |
| Principal and interest | $2,789 |
| Property taxes (0.44% a year) | $190 |
| Homeowners insurance (our estimate, 0.5% a year) | $216 |
| PMI | $0 |
| Total per month | $3,195 |
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| Down payment | $18,137 |
|---|---|
| Loan amount | $508,814 |
| Principal and interest | $3,423 |
| Property taxes (0.44% a year) | $190 |
| Homeowners insurance (our estimate, 0.5% a year) | $216 |
| FHA mortgage insurance | $229 |
| Total per month | $4,058 |
Change the numbers in the calculator
Questions about home buying in Irvington
What is the median home value in Irvington?
About $518,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Irvington?
Homeowners pay a median $2,275 a year, which is about 0.44% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Irvington?
For the median home with 20% down at 7.11%, the payment is about $3,195 a month. Keeping that under 28% of gross income takes about $136,915 a year.
More about Irvington
- Mortgage Refinance in Irvington
- Debt Relief in Irvington
- Home Equity Loans in Irvington
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data