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Melrose, NM Housing

 
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As of 2006-2010, median price of a house in Melrose is $71,800, which is much lower than the state average of $161,200 and is much lower than the national average of $179,900. The Melrose median house value has grown by 76.85% since 2000. The growth rate for the price of a house in Melrose is higher than the state average rate of 49.12% and is higher than the national average rate of 50.42%. The median year that a house in Melrose was built is 1963, which is older than the median year for a house built in the state which is 1980 and is older than the median year for a house built in the USA which is 1975.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 213 Owner Occupied Houses in Melrose, NM, #288
Melrose, NM
71,800 USD
New Mexico
158,400 USD
U.S.
188,400 USD
Median House Price Growth Since 2000, #44
Melrose, NM
76.85%
New Mexico
49.12%
U.S.
50.42%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2006-2010 data. View historical house value data.

Housing Occupancy

 Melrose, NM%New MexicoU.S.
Total Housing Units377, see rank100%901,388131,704,730
Occupied Housing Units30179.84%, see rank87.80%88.62%
Owner Occupied22459.42%, see rank60.14%57.69%
Renter Occupied7720.42%, see rank27.65%30.93%
Vacant Housing Units7620.16%, see rank12.20%11.38%
For Rent297.69%, see rank2.46%3.14%
For Sale Only41.06%, see rank1.23%1.44%
Rented or Sold, Not Occupied41.06%, see rank0.38%0.48%
For Seasonal, Recreational, or Occasional Use30.80%, see rank4.06%3.53%
For Migrant Workers00.00%, see rank0.03%0.02%
Other Vacant369.55%, see rank4.05%2.77%

*Based on 2010 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #351
Melrose, NMNew MexicoU.S.
196319801975

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2006-2010 data. View historical year structure built data.

Mortgage Status

 Melrose, NM%New MexicoU.S.
Owner-Occupied Units213100%526,58576,089,650
With a Mortgage10649.77%, see rank61.11%67.94%
Without a Mortgage10750.23%, see rank38.89%32.06%

*Based on 2006-2010 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Melrose, NM
739 USD
New Mexico
1,194 USD
U.S.
1,524 USD

Owner Costs Distribution
Monthly Owner CostsMelrose, NM%New MexicoU.S.
$299 or Less00.00%, see rank0.40%0.22%
$300 to $4992321.70%, see rank3.52%1.85%
$500 to $6991917.92%, see rank9.76%5.39%
$700 to $9994946.23%, see rank22.48%14.41%
$1,000 to $1,4991211.32%, see rank32.61%27.08%
$1,500 to $1,99900.00%, see rank16.79%19.94%
$2,000 to $2,99932.83%, see rank10.61%19.39%
$3,000 or More00.00%, see rank3.83%11.73%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Melrose, NM
20.50% of the Total Income
New Mexico
23.50% of the Total Income
U.S.
25.00% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Melrose, NM%New MexicoU.S.
10% or Less76.60%, see rank6.54%4.85%
10% to 20%4138.68%, see rank32.56%28.90%
20% to 30%5148.11%, see rank26.34%28.42%
30% to 40%54.72%, see rank14.02%15.27%
40% or More21.89%, see rank20.07%22.15%

*Based on 2006-2010 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Melrose, NM
272 USD
New Mexico
303 USD
U.S.
431 USD

Owner Costs Distribution
Monthly Owner CostsMelrose, NM%New MexicoU.S.
$199 or Less2119.63%, see rank21.60%8.92%
$200 to $2994844.86%, see rank27.91%16.68%
$300 to $4992523.36%, see rank35.12%35.65%
$500 to $6991312.15%, see rank10.61%20.07%
$700 to $99900.00%, see rank0.00%0.00%
$1,000 or More00.00%, see rank0.00%0.00%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Melrose, NM
16.30% of the Total Income
New Mexico
10.00% of the Total Income
U.S.
12.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Melrose, NM%New MexicoU.S.
10% or Less4037.38%, see rank50.05%38.92%
10% to 20%2422.43%, see rank27.88%31.98%
20% to 30%3229.91%, see rank9.37%12.67%
30% to 40%00.00%, see rank4.46%5.90%
40% or More1110.28%, see rank7.15%9.51%

*Based on 2006-2010 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Melrose, NM%New MexicoU.S.
Total Housing Units403100%887,890130,038,080
1-unit, Detached25262.53%, see rank64.32%61.62%
1-unit, Attached102.48%, see rank3.81%5.74%
2 Units61.49%, see rank1.87%3.88%
3 or 4 Units00.00%, see rank3.76%4.47%
5 to 9 Units00.00%, see rank2.88%4.84%
10 or More Units00.00%, see rank6.50%12.68%
Mobile Home, Boat, RV, Van, etc.13533.50%, see rank16.86%6.76%

*Based on 2006-2010 data. View historical units in structure data.

Rooms

 Melrose, NM%New MexicoU.S.
Total Housing Units403100%887,890130,038,080
1 Room00.00%, see rank2.25%1.59%
2 Rooms00.00%, see rank2.47%2.62%
3 Rooms133.23%, see rank7.84%9.02%
4 Rooms11027.30%, see rank17.85%16.85%
5 Rooms16039.70%, see rank25.42%20.93%
6 Rooms7318.11%, see rank20.29%18.56%
7 Rooms358.68%, see rank12.12%12.38%
8 Rooms40.99%, see rank6.42%8.39%
9 Rooms or More81.99%, see rank5.33%9.65%
Median Rooms5.00, see rank-5.305.50

*Based on 2006-2010 data. View historical rooms data.

Bedrooms

 Melrose, NM%New MexicoU.S.
Total Housing Units403100%887,890130,038,080
No Bedroom00.00%, see rank2.50%1.84%
1 Bedroom102.48%, see rank9.70%11.32%
2 Bedrooms17543.42%, see rank26.15%27.20%
3 Bedrooms20951.86%, see rank45.97%39.80%
4 Bedrooms71.74%, see rank13.57%15.80%
5 or More Bedrooms20.50%, see rank2.12%4.04%

*Based on 2006-2010 data. View historical bedrooms data.

House Heating Fuel

 Melrose, NM%New MexicoU.S.
Total Housing Units322100%756,112114,235,996
Utility Gas23372.36%, see rank67.51%49.91%
Bottled, Tank, or LP Gas3611.18%, see rank10.76%5.38%
Electricity5015.53%, see rank13.96%34.20%
Fuel Oil, Kerosene, etc.00.00%, see rank0.14%7.07%
Coal or Coke00.00%, see rank0.07%0.12%
Wood30.93%, see rank6.44%1.97%
Solar Energy00.00%, see rank0.33%0.03%
Other Fuel00.00%, see rank0.61%0.42%
No Fuel Used00.00%, see rank0.17%0.90%

*Based on 2006-2010 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMelrose, NM%New MexicoU.S.
Occupied Units Paying Rent94100%208,42335,969,315
$199 or Less2223.40%, see rank3.03%2.25%
$200 to $29966.38%, see rank3.93%3.41%
$300 to $4995154.26%, see rank16.43%9.80%
$500 to $69955.32%, see rank28.97%19.41%
$700 to $9991010.64%, see rank28.19%29.88%
$1,000 to $1,49900.00%, see rank16.20%23.51%
$1,500 to $1,99900.00%, see rank2.26%7.56%
$2,000 or More00.00%, see rank0.99%4.16%
Median$383, see rank-$683$841

*Based on 2006-2010 data. View historical gross rent data.

Vehicle Available

 Melrose, NM%New MexicoU.S.
Occupied Housing Units322100%756,112114,235,996
No Vehicles Available61.86%, see rank5.54%8.85%
1 Vehicles Available11936.96%, see rank33.26%33.28%
2 Vehicles Available14143.79%, see rank37.98%37.87%
3 or More Vehicles Available5617.39%, see rank23.22%20.00%

*Based on 2006-2010 data. View historical vehicle available data.


 
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