Melrose, NM Real Estate
According to census data in the year 2000 there were 385 housing units in Melrose.
This represents a 8.8% growth from 354 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 385 were located in what is classified as a rural area.
Homeownership rate in Melrose is about 80.3%.
Melrose's vacancy rate, including seasonal lodging, is about 18.2%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Melrose were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 6.50% |
| Two Bedrooms | 39.20% |
| Three Bedrooms | 42.30% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $40,600 |
| Median Price asked for vacant units | $18,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $238 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 1% |
| Simple Mortgage | 50.80% |
| Debt Free | 44.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
