A+
56%
Med. Home Val. NAT. AVG.
16%
Rent NAT. AVG.
34%
Owner Occ. NAT. AVG.
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Melrose Housing Information

IndexMelroseNew MexicoNational
Median home price$80,900$161,600$184,700
Median rent asked$800$792$949
Avg. people per household2.02.72.6
Owner occupied households85.1%67.8%63.6%
Renter occupied households14.9%32.2%36.4%
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Housing Quick Facts

  • The median home price in Melrose is 56% 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

       PopulationHome PriceNational Avg.
      Floyd, NM91$102,50045%
      Melrose, NM578$80,90056%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Morley, MI578$77,50058%
      East Freedom, PA578$96,40048%
      Franklin, MN578$80,70056%
      Caswell Beach, NC578$428,500132%
      Fort Jones, CA578$173,5006%
      Melrose, NM578$80,90056%
      Source: The Melrose, NM housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).