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Melrose Real Estate Market Facts

  • $68,800Median home price
    57% lower than New Mexico
  • $761Median rent asked
    4% lower than New Mexico
  • 79.3%Home owners
    17% higher than New Mexico
  • 2.4People per home
    11% lower than New Mexico

Melrose Home Affordability

  • $68,800Median home price
    57% lower than New Mexico
  • $36,875Median home income
    19% lower than New Mexico
  • 1.9xHome price to income ratio
    47% lower than New Mexico

Melrose Affordability Calculator

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Melrose Mortgage Calculator

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Melrose Demographics

  • 619Population
  • 366People / sq mile
  • 41.5Median age
  • 0.9:1Male/Female ratio

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Floyd, NM135$73,30060%
Melrose, NM619$68,80063%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Agency, IA619$88,50052%
Mulliken, MI619$100,30046%
Bartelso, IL619$157,30015%
Valle Vista, TX619$64,10065%
Denali Park, AK619$330,00079%
Melrose, NM619$68,80063%
Source: The Melrose, NM housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).