The median home value in Melrose, NM is $70,800.
This is
lower than
the county median home value of $157,700.
The national median home value is $219,700.
The average price of homes sold in Melrose, NM is $70,800.
Approximately 56.25% of Melrose homes are owned,
compared to 16.59% rented, while
27.16% 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!
Newly Opened 10,566 sq ft Dollar General located in Melrose, NM. The lease is a true NNN lease with all the cost of ownership paid by the Tenant. This lease started December 27, 2023 with a primary term of 15 years and has 5 - 5 year options with a 5% rate increase every 5 years. The Dollar General Corporation has a "BBB" credit rating which is classified as Investment Grade and will guarantee the lease. The building is close to the intersection of highways US 60-84 and NM SR 276 and has a traffic count of 3825 cars per day. Melrose NM is a rural community with no other grocery stores within 18 miles of this location. Rent Schedule Years Annual Lease 1-5 $108,461.40 6-10 $113,884.44 11-15 $119,578.68 OPTION PERIOD 16-20 $125,557.56 21-25 $131,935.48 26-30 $138,427.30 31-35 $145,348.56 36-40 $152,616.00
Welcome to this beautifully remodeled home in the charming village of Melrose. Freshly updated with new carpet, flooring, paint, and windows, this home exudes modern elegance. Enjoy the spacious, open feel with contemporary colors throughout. The big backyard is perfect for entertaining or relaxing, and the detached garage/workshop offers versatile space for projects or additional storage. This move-in-ready gem combines modern comfort with village charm—don’t miss out!
648 acre dryland farm located west of Clovis. 7 years left in CRP program.
Really Nice 3-bedroom 2 bath on 2 city lots located in Melrose NM. Semi-open concept, living room, dining room, and kitchen. The living room has vaulted ceiling with wood beams, built in book shelves, and cozy wood burning fireplace. The kitchen has amble cabinets for storage, glass top range, and recently installed dishwasher, and two pantries in the utility room. Large bedrooms and each bedroom have ample storage in the large closets. Nice front porch to enjoy morning coffee or the evening sunsets. Several mature trees on the property. It is also located within an excellent school district. The roof and full exterior paint were completed August 2024. Pex water lines recently installed throughout the home.
Room to roam!! Check out this property on 4 acres. Beautiful landscape front yard with front an back sprinkler system. Double wide with a large addition on the back of the home. Aprox 2700 sq ft. Home is 4 bedroom and 3 bathroom, dining room, large pantry, kitchen, office, large laundry room, and large living room. Large fenced back yard. Metal shop is 40' x 60', insulated with electricity. Other accessories of garden shed, loafing shed, and fence garden area.
This starter home is nestled in the middle of Melrose, NM! The home is in need of TLC and would be a great project home for the right buyer!