The median home value in Melrose, NM is $96,700. This is lower than the county median home value of $132,800. The national median home value is $338,100. The average price of homes sold in Melrose, NM is $96,700. Approximately 55.33% of Melrose homes are owned, compared to 13.75% rented, while 30.93% are vacant. Melrose real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Melrose real estate agent to arrange a tour today!
Melrose, New Mexico 88124 has a population of 459. Melrose 88124 is less family-centric than the surrounding county with 19.92% of the households containing married families with children. The county average for households married with children is 31.95%.
The median household income in Melrose, New Mexico 88124 is $42,969. The median household income for the surrounding county is $51,199 compared to the national median of $69,021. The median age of people living in Melrose 88124 is 53.7 years.
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 23.6 degrees. The average rainfall is approximately 16.9 inches per year, with 10.1 inches of snow per year.