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To find the median value, we first need to arrange the values in numerical order:
$150,000, $220,000, $490,000, $540,000, $800,000, $975,000
The median value is the middle value when the numbers are in order. In this case, there are 6 values, so the median will be the average of the two middle values:
Median = ($490,000 + $540,000) / 2
Median = $1,030,000 / 2
Median = $515,000
Therefore, the median value of these houses on Mango Street is $515,000.