Home Values

Melissa Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Melissa is $97, which is lower than the Dallas-Fort Worth Metro average of $102. The median price of homes currently listed in Melissa is $219,900 while the median price of homes that sold is $214,459. The median rent price in Melissa is $1,400, which is higher than the Dallas-Fort Worth Metro median of $1,295.

Foreclosures will be a factor impacting home values in the next several years. In Melissa 4.7 homes are foreclosed (per 10,000). This is greater than the Dallas-Fort Worth Metro value of 4.0 and also greater than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Melissa is 4.3%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Melissa homeowners underwater on their mortgage is 10.6%, which is higher than Dallas-Fort Worth Metro at 10.4%.

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Relative ZHVI
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Melissa Market Overview

Data through Oct 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $219,900 Median listing price
  • $214,459 Median sale price
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Melissa Market Health

Data through Oct 31, 2014
  • 7.5/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 10.6% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

4.7 homes Melissa
4 homes Dallas-Fort Worth Metro
4.5 homes United States
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $530,400
New York Metro $381,600
Washington Metro $361,100
Name Median ZHVI
Miami-Fort Lauderdale Metro $206,000
Philadelphia Metro $202,900
Chicago Metro $188,400
Name Median ZHVI
Atlanta Metro $152,900
Houston Metro $151,200
Dallas-Fort Worth Metro $149,300

Listings & Sales

Data through Oct 31, 2014
  • $97 Median list price / sq ft
  • $93 Median sale price / sq ft
  • 28.6% Listings with price cut
8.8%
Sold below listing
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Melissa Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,597 Melissa
    $1,423 Dallas-Fort Worth Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,400 Rent list price (Sep 30, 2014)
  • $0.76 Rent list price / sq ft (Sep 30, 2014)
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