Housing in Melrose, NM
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — October 2025Median Sale Price
$49,950
Median List Price
N/A
Price Per Sq Ft
$33
Days on Market
156
Active Inventory
2
Months of Supply
1.0
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Market Activity
Source: RedfinHomes Sold
2
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$33
Melrose vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Melrose is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$78,600
Median Rent
$548
Total Housing Units
313
Vacancy Rate
26.5%
Owner Occupied
77.8%
Renter Occupied
22.2%
Median Property Tax
$208
per year
Monthly Cost (w/ Mortgage)
$335
Housing Types
The current median sale price in Melrose, NM is $49,950 according to Redfin data. Homes spend a median of 156 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $33. The median rent is $548 per month (Census ACS). About 77.8% of housing units are owner-occupied. The median year homes were built is 1960. There are 313 total housing units.