New Mexico · Census place 47570
Melrose village, NM
Quick answer
Melrose village has 536 residents, ranking #241 of 527 places in New Mexico. Median household income is $33,333, the median home is worth $78,600 and median gross rent runs $548 a month.
- Population
- 536Melrose village residents
- Median household income
- $33,333Past 12 months, inflation adjusted
- Median home value
- $78,600Owner-occupied units
- Median gross rent
- $548Rent plus utilities, monthly
- Median age
- 48.8 yrsAll residents
- Homeownership rate
- 77.8%Owner-occupied households
What the numbers mean in Melrose village
Housing cost measured against local earnings.
A household earning the Melrose village median would spend about 19.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 28.5% of residents and 77.8% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Mexico.
- Rowe CDP 555
- La Mesa CDP 548
- Vaughn town 548
- Pueblitos CDP 534
- East Pecos CDP 529
- Sundance CDP 527
- Fruitland CDP 521
Keep going
More New Mexico coverage.