The housing market in Melissa, TX is booming. The median value of a house in the area is $442,400 which is significantly higher than the US median value of $338,100. Furthermore, the US 1 year House Appreciation rate was 8.27%, but in Melissa it was 21.41%. This shows that the housing market in Melissa has seen drastic growth over the past year and continues to be a desirable place to live for many people.
The median home cost in Melissa is $442,400. Home appreciation the last 10 years has been 144.0%. Home Appreciation in Melissa is up 23.0%.
Average Age of Homes
- The median age of Melissa real estate is 11 years old
The Rental Market in Melissa
- Renters make up 10.5% of the Melissa population
- 1.3% of houses and apartments in Melissa, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.