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.


Housing Size

Housing Units by Size
Studio Type2.30%
One Bedroom6.50%
Two Bedrooms39.20%
Three Bedrooms42.30%
Four Bedrooms8.80%
Five Bedrooms or more0.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1950
Median Value of occupied units$40,600
Median Price asked for vacant units$18,300

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1962
Median Monthly Rent asked for vacant units$238

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.60%
Home Equity Loan1%
Simple Mortgage50.80%
Debt Free44.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.4%