Melissa, TX—75454
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Melissa, TX
As of Oct '25, the median home price in Melissa, TX is $440,000, with a year-over-year change of -5.2%. This indicates that home prices in Melissa, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $440,000 | -5.3% |
| Single Family | $440,000 | -5.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $372,000 | -5.8% |
4 Bed | $470,000 | -5.2% |
| 5 Bed | $540,000 | -4.6% |
% of Housing Stock
Rental Trends — Melissa, TX
As of July '25, Rentcast reports the average rent in Melissa, TX is $2,100, with a year-over-year rent change of -17.0%. Per bedroom, the median rent as of July '25 in Melissa, TX is 1-bedrooms: $1,250, 2-bedrooms: $1,670, 3-bedrooms: $2,250, 4-bedrooms: $2,640. The most common rental property sizes in Melissa, TX are 3-bedroom and 4-bedroom, accounting for 45.3% and 33.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,170 | $2,100 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,190 | $1,250 |
| 2 Bed Rent | $1,550 | $1,670 |
| 3 Bed Rent | $2,200 | $2,250 |
| 4 Bed Rent | $2,550 | $2,640 |
% of Rental Stock
Property Listings — Melissa, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Melissa, TX is 66. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $487,000 | -10.0% |
Listing Count | 170 | 1.0% |
| Listings as % of Homes | 3.0% | 1.0% |
Days on Market | 66 | 8.0% |
Demographics — Melissa, TX
As of the latest ACS Survey released in 2023, Melissa, TX has a population of 20,100, which has increased by 110.1% over the past 5 years. Melissa, TX is a popular place for families, as children make up 32.5% of the population. The area has a highly educated workforce, with 50.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,100 | 110.1% |
% Under 18 | 32.5% | 4.5% |
% Seniors | 6.9% | -18.8% |
% WFH | 28.8% | 116.5% |
% w/ College Degree | 50.9% | 65.3% |
As of the latest ACS Survey released in 2023, Melissa, TX is a predominantly white area, with 59.3% of the population identifying as white. The white population has shrunk by 18.8% in the last 5 years. The second most common race or ethnicity in Melissa, TX is hispanic, making up 15.8% of the population. Foreign-born residents account for 13.1% of the population in Melissa, TX, and this percentage has increased by 138.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.3% | -18.8% |
% Black | 15.4% | 100.0% |
% Hispanic | 15.8% | 3.3% |
% Asian | 6.1% | 103.3% |
% Foreign Born | 13.1% | 138.2% |
Mortgage and Risk — Melissa, TX
According to HUD data as of 2023, there were 2032 mortgage originations in Melissa, TX, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Melissa, TX. Investor activity is low, as 3.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 2,032 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Melissa, TX
As of 2024, the percent of homes in Melissa, TX under the Section 8 program is 8.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Melissa, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 104 |
Total Units Section 8 | 104 |
% Rentals under Section 8 | 8.0% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $1,220 | $1,190 | $2,410 |
| 2 Bedroom | $1,280 | $1,550 | $2,830 |
| 3 Bedroom | $1,350 | $2,200 | $3,550 |
| 4 Bedroom | $2,010 | $2,550 | $4,560 |
Affordability — Melissa, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $440,000 |
| Median Household Income | $136,000 |