Melissa, TX 75454 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Melissa, TX—75454

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$437,000

5.5% YoY Growth

Household Income

$136,000

39.9% YoY Growth

Days on Market

4.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$2,170

17.0% YoY Growth

1-Bed Rent

$1,190

5.3% YoY Growth

2-Bed Rent

$1,550

7.2% YoY Growth

3-Bed Rent

$2,200

0.9% YoY Growth

Home Price Trends — Melissa, TX

As of Dec '25, the median home price in Melissa, TX is $437,000, with a year-over-year change of -5.5%. This indicates that home prices in Melissa, TX are decreasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$437,000	-5.5%
Single Family	$437,000	-5.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

13.5%

2 Bedrooms

7.8%

3 Bedrooms

45.3%

4 Bedrooms

33.4%

Property Listings — Melissa, TX

As of Dec '25, Realtor.com reports that the median days on market for a home in Melissa, TX is 63. This is a increase of 13.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$497,000	-3.0%
Listing Count	138	4.0%
Listings as % of Homes	3.0%	4.0%
Days on Market	63	4.0%

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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%

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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%

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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%

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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

Melissa, TX—75454

Key Metrics at a Glance

Home Price Trends — Melissa, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Melissa, TX

% of Rental Stock

Property Listings — Melissa, TX

Demographics — Melissa, TX

Race and Ethnicity

Mortgage and Risk — Melissa, TX

Mortgages

Rentals and Section 8 — Melissa, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Melissa, TX

Home Price to Income Ratio

Melissa, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Anna, TX

McKinney, TX

McKinney, TX

Van Alstyne, TX

Princeton, TX

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.5
Median Home Price	$437,000
Median Household Income	$136,000

Melissa, TX—75454

Key Metrics at a Glance

Home Price Trends — Melissa, TX

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Melissa, TX

% of Rental Stock

Property Listings — Melissa, TX

Demographics — Melissa, TX

Race and Ethnicity

Mortgage and Risk — Melissa, TX

Mortgages

Rentals and Section 8 — Melissa, TX

Section 8 Market Size

Section 8 Opportunity

Affordability — Melissa, TX

Home Price to Income Ratio

Melissa, TX — ZIP Code Boundary Map

Nearby ZIP Codes

Anna, TX

McKinney, TX

McKinney, TX

Van Alstyne, TX

Princeton, TX

Frequently Asked Questions

What is the average home price in Melissa, TX 75454?

How have home prices in Melissa, TX 75454 changed over the past year?

What is the home price projection for Melissa, TX 75454?

What are the demographics of Melissa, TX 75454?

How long does it take homes to sell in Melissa, TX 75454?

What is the average rent price in Melissa, TX 75454?