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Melissa, TX

Full City Profile · Texas · Collin County County

4.0 /5.0
A Great
17,497 Population 1,527/sq mi density
$137,875 Median Income $46,119 per capita
$430,300 Home Value $435,030 Zillow
$2,341 Median Rent 34.0% income on rent
65°F Avg Temperature 323 sunny days/yr
63 Violent Crime/100K 679 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$137,875 median income, 2.6% unemployment
A+
Affordability
4.9 / 5.0
$430,300 home value, $2,341/mo rent
F
Safety
1.0 / 5.0
63 violent crimes/100K
A+
Education
5.0 / 5.0
52.2% bachelor's degree or higher

Housing Overview

Median Home Value
$430,300
53% above
US avg: $281,900
Median Rent
$2,341/mo
101% above
US avg: $1,163/mo
Homeownership Rate
88.3%
35% above US avg (65.4%)
Total Housing Units
4,963
Median year built: 2014

Home Value by Source

Census Median
$430,300
Zillow (ZHVI)
$435,030
Median Sale Price
$435,000
Median List Price
$457,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

88.3%
Owner-Occupied
11.7%
Renter-Occupied
88%
12%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent: $2,341/mo · Zillow rent: $1,746/mo

Market Indicators (Redfin)

Median Days on Market
85 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
17
Price Drops
36.8%
of listings with price reduction
Price Per Sq Ft
$186
Active Inventory
133
homes for sale

Affordability & Housing Stock

Rent Burden
34.0%
of renters spending 30%+ of income on housing
10% above US avg (31.0%)
Median Year Built
2014
Average age of housing stock: 12 years
Homeownership Rate
88.3%

Complete Housing Data

Home Values

Census Median Value$430,300
Zillow Home Value (ZHVI)$435,030
Median Sale Price$435,000
Median List Price$457,500
Price Per Sq Ft$186

Rent

Census Median Rent$2,341
Zillow Rent (ZORI)$1,746
FMR Studio$887
FMR 1-Bedroom$935
FMR 2-Bedroom$1,149
FMR 3-Bedroom$1,497
FMR 4-Bedroom$1,733

Market

Days on Market85
Sale-to-List Ratio1.0%
Price Drops36.8%
Homes Sold17
Active Inventory133
Price Per Sq Ft$186

Ownership & Stock

Owner-Occupied88.3%
Renter-Occupied11.7%
Homeownership Rate88.3%
Total Housing Units4,963
Median Year Built2014
Rent Burden34.0%