75454, Melissa, TX

The 75454 zip code of Melissa, TX has a median home value of $151,000 and a median home equity value of $139,000. This means that the majority of homes in this zip code are worth more than their original purchase price. Additionally, the average home in this zip code has been on the market for 3.5 months and has received 2 offers. This indicates that there is strong demand for homes in this area and that buyers are willing to pay a premium for properties in this area.

While there is strong demand for homes in the 75454 zip code, there is also some risk associated with buying a home here. For example, if you are not able to qualify for a loan or if interest rates increase during your loan process, you may be unable to buy a home in this area. Additionally, although the average home value is higher than the median household income in this zip code ($41,500 vs $36,250), there are still plenty of households earning less than $36,250 who could afford to buy a home here. Therefore, it is important to do your research before making an offer on any property in the 75454 zip code.