House Prices

House Prices & Home Values Melrose, NM 2026


Average Data

average house price$140,960
average size per house1604 ft²
average price per ft²88 $ / ft²

05/19/2026 - The value range (VR) for house prices in Melrose, NM is $78/ sqft to $78/ sqft. An average home with 1604 sqft costs approximately $125,112 to $125,112. Melrose, NM includes 1 ZIP codes and it is located in Curry county. The lowest prices are found in ZIP 88124, while the highest are in ZIP 88124. The average price per sqare feet is $88. Our analysis is based on 5 property listings.

Avergage prices by ZIP codes Melrose

8812483 $ / ft²




Historical development of home values in Melrose

Year Estimated value (USD) Change vs. 2025
2010 $65,464 -53.6%
2011 $62,933 -55.4%
2012 $62,763 -55.5%
2013 $65,109 -53.8%
2014 $68,347 -51.5%
2015 $71,855 -49.0%
2016 $75,605 -46.4%
2017 $79,685 -43.5%
2018 $84,091 -40.3%
2019 $87,990 -37.6%
2020 $92,538 -34.4%
2021 $105,253 -25.3%
2022 $122,701 -13.0%
2023 $129,394 -8.2%
2024 $136,879 -2.9%
2025 $140,960 0.0%

Graph: estimated home values in Melrose over time (USD)



Example: 100% financing house in Melrose

Loan amount: $140,960

Interest rate: 6.00%

Fixed monthly payment: $845.13

Breakdown in the 1st month:
Interest portion: $704.80  –  Principal portion: $140.33

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,410.51 $1,731.01 $139,228.99
2 $8,303.75 $1,837.77 $137,391.22
3 $8,190.40 $1,951.12 $135,440.11
4 $8,070.06 $2,071.46 $133,368.64
5 $7,942.29 $2,199.22 $131,169.42
6 $7,806.65 $2,334.87 $128,834.55
7 $7,662.64 $2,478.88 $126,355.68
8 $7,509.75 $2,631.77 $123,723.91
9 $7,347.43 $2,794.09 $120,929.82
10 $7,175.09 $2,966.42 $117,963.40
11 $6,992.13 $3,149.39 $114,814.01
12 $6,797.88 $3,343.63 $111,470.38
13 $6,591.66 $3,549.86 $107,920.52
14 $6,372.71 $3,768.81 $104,151.71
15 $6,140.26 $4,001.26 $100,150.45
16 $5,893.47 $4,248.05 $95,902.40
17 $5,631.46 $4,510.06 $91,392.34
18 $5,353.29 $4,788.23 $86,604.11
19 $5,057.96 $5,083.56 $81,520.56
20 $4,744.42 $5,397.10 $76,123.46
21 $4,411.54 $5,729.98 $70,393.47
22 $4,058.12 $6,083.39 $64,310.08
23 $3,682.91 $6,458.60 $57,851.47
24 $3,284.56 $6,856.96 $50,994.52
25 $2,861.64 $7,279.88 $43,714.64
26 $2,412.63 $7,728.89 $35,985.75
27 $1,935.93 $8,205.59 $27,780.16
28 $1,429.83 $8,711.69 $19,068.47
29 $892.51 $9,249.01 $9,819.47
30 $322.05 $9,819.47 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Melrose, NM


1500 sqft3900 sqft
Ø selling price$159,720$339,768
Ø fast selling$145,200$305,792
Ø high price sale$174,240$373,745

In 2026, houses in Melrose, NM will be offered at an average price of $88 per square foot. A 1,500 sqft home priced at $159,720 is 24.47% more expensive per square foot than a 3,900 sqft home priced at $339,768. Home prices in Melrose, NM vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $235,225. Sellers who can wait longer may achieve a higher price of up to $287,497.


Melrose, NM: Small-Town Gateway to Eastern New Mexico

Location & Overview

Melrose, NM is a welcoming village in Roosevelt County on the High Plains of eastern New Mexico.
Set along US Route 60, it sits between Clovis and Fort Sumner with convenient access to Cannon Air Force Base and regional services.

History & Community

The community grew with the rail era, and its skyline of grain elevators reflects enduring agricultural roots.
Residents celebrate tight-knit traditions through school sports, seasonal events, and neighborly gatherings that define authentic small-town life.

Economy & Lifestyle

Local livelihoods center on farming, ranching, and dairies, complemented by jobs that support nearby defense and transportation corridors.
Affordable housing, open space, and big skies make Melrose attractive for families, retirees, and remote workers seeking a quieter pace.

Outdoors & Attractions

Nature lovers explore prairie vistas, hunt and hike on public lands, and enjoy dark-sky stargazing across the wide horizon.
Birders prize the nearby ?Melrose Trap,? a renowned migratory stopover that draws rarities during spring and fall.

Visiting & Moving

Travelers reach Melrose easily by car and can pair a visit with dining, shopping, and music history in nearby Clovis.
Whether you?re scouting real estate, planning a weekend escape, or relocating, Melrose offers friendly hospitality and room to breathe.



FAQ – Home Values in Melrose

What is the median home value in Melrose in 2026?

In 2026, the typical home value in Melrose is about $140,960 for an average home size of 1604 square feet. This corresponds to an average price of roughly $88 per square foot.

What is the average cost per square foot in Melrose?

In 2026, homes in Melrose sell for an average of around $88 per square foot, with a typical range between $78 and $78 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Melrose is about 1604 square feet, with an estimated 2026 value around $140,960.



Locations close to Melrose, NM

Milnesand, NM112 $ / ft²
Pep, NM89 $ / ft²
Portales, NM97 $ / ft²
House, NM84 $ / ft²
Grady, NM96 $ / ft²
Fort Sumner, NM99 $ / ft²
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