Melrose, NM Housing Statistics

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55%

Med. Home Val. NAT. AVG.

16%

Rent NAT. AVG.

34%

Owner Occ. NAT. AVG.

Melrose Housing Information

Index	Melrose	New Mexico	National
Median home price	$148,565	$283,484	$326,622
Median rent asked	$1,219	$1,180	$1,444
Avg. people per household	2.0	2.7	2.6
Owner occupied households	85.1%	67.8%	63.6%
Renter occupied households	14.9%	32.2%	36.4%

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Homes For Sale In Melrose, NM

310 N 8th St

Melrose, NM

901 Abo Hwy

Melrose, NM

801 E Avenue A

Melrose, NM

520 N 10th St

Melrose, NM

Housing Quick Facts

The median home price in Melrose is 55% lower than the national average.
The median rent asked in Melrose is 16% lower than the national average.
The average number of people per household in Melrose is 24% lower than the national average.
The number of owner occupied households in Melrose is 34% higher than the national average.
The number of renter occupied households in Melrose is 59% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Floyd, NM	93	$179,798	45%
Melrose, NM	594	$148,565	55%

Cities with similar population

	Population	Home Price	National Avg.
Blue Ridge Shores, VA	594	$362,246	11%
Lacomb, OR	594	$0	100%
Chaplin, KY	594	$193,455	41%
Revloc, PA	594	$165,014	49%
Graham, GA	594	$84,084	74%
Melrose, NM	594	$148,565	55%

Source: The Melrose, NM housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.