Melissa, Texas.
Typical home $422,481 (-5.4% in a year), asking rent $1,784 (+0.0%). Dallas-Fort Worth-Arlington, TX metro.
to buy the typical home at today's mortgage rate — +$1,096 (+98%) since Jan 2020.
- 1 year
- Down $24,198 -5%
- $446,679$422,481 since Sep 2025
- 5 years
- Up $22,277 +6%
- $400,203$422,481 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Melissa$2,217
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 64 years.
Typical home values in Melissa, TX fell 5.4% over the past year — slower than the nation's +1.2%.
Asking rents in Melissa, TX rose 0.0% over the past year — slower than the nation's +2.7%.
Owning the typical home in Melissa runs $1,442/mo more than renting one. The gap peaked at $1,994 in Oct 2023.
That is $3,227 a month against $1,784 rent: a $2,217 mortgage payment, plus $557 property tax and $452 insurance & upkeep.
Owning vs renting — Melissa
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$3,227
- Renting$1,784
- Mortgage only$2,217
Property tax · $557/mo 1.58% of value a year — the ACS 2020-2024 median bill over the median home value for Collin County, TX
Insurance & upkeep · $452/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Melissa, Collin County, Texas
Melissa is a city of 13,901 people in Collin County. Half its households earn more than $138,763 a year and half less, against $121,600 across Collin County; 2% of its people live below the poverty line. 89% of its homes are lived in by their owners and 11% are rented. Unemployment in Melissa was 4.4% in August 2026, and Collin County had 2.9% more jobs in 2025 than the year before. The most residents work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Melissa is a growing city in Collin County where nearly everyone owns their home, and households are younger and earn more than across the county as a whole. Very few residents live below the poverty line, and more adults hold a four-year degree than across most of the country. Winters are mild and brief, coldest in January with cool days and nights that dip close to freezing, while summers turn hot, with August the warmest month.
Work. Residents work mostly in schools, hospitals and social care, in professional and business services, in banks, insurance and property, and in manufacturing. The largest workplaces in town include Melissa ISD, Kroger and CalHar Construction. Commutes are on the long side, and a good number of people work from home instead, while unemployment sits close to where it was a year ago.
Things to do. The Heard Natural Science Museum and Wildlife Sanctuary is a museum a short drive away. A longer drive brings you to Lavon Lake, a reservoir, and to the Northeast Texas Trail, a trail for walking or cycling. For a day out with the family, Universal Kids Resort is an amusement park a longer drive away.
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- 6,169households
- 53%of adults have a degree
- 2%below the poverty line
- 34 mintypical commute
- 29%work from home
What residents work in
Employed residents by industry, from the Census survey. Collin County had 562,572 jobs in 2025, 2.9% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 56° and lows near 34°; warmest in August, with highs near 95° and lows near 71°.
Average daily high and low, 1991–2020, at the Mckinney Municipal Airport weather station, 7 miles away (NOAA).
Largest workplaces in Melissa
- Melissa ISDSchool district806FTE
- Kroger Texas LP Dallas KMASupermarkets and other grocery except convenience stores184
- CalHar ConstructionUtility line, construction74
- Commercial Metals CompanyConcrete reinforcing bar assemblies, fabrication40
- SFEFood services39
- Greystar26
- Davis ExcavationExcavation contractors24
- MelissaMail and parcel delivery22
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 430 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesVery high
- HailVery high
- Inland floodingRelatively high
- Heat wavesrelatively high in parts of MelissaRelatively moderate
- Cold wavesrelatively high in parts of MelissaRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Melissa’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Collin County and the Dallas-Fort Worth-Arlington, TX metro.
Melissa home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Melissa$422,481
- Texas$296,424
- United States$366,157
Sellers are cutting prices on about 1 in 2 Melissa listings, and the typical home goes pending in 63 days — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Melissa40.04%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Melissa63
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Melissa197
New listings per month
Sellers arriving at the market.
- Melissa31
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Melissa$426,180
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Melissa98.43%
Zip codes with a Melissa address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Melissa — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.