Housing in 88124 Melrose, NM has a median value of $146,600, while the US House Median Value is $338,100. The US 1 Year House Appreciation rate is 8.27%, and the 1 year appreciation rate for houses in 88124 Melrose, NM is 9.54%. This indicates that housing in 88124 Melrose, NM is appreciating faster than the average nationwide appreciation rate for homes. Additionally, this means that home values in this area are on the rise and buyers can expect to get a good return on their investment when purchasing a home here.
The median home cost in Melrose (zip 88124) is $146,600. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Melrose (zip 88124) is up 12.5%.
Average Age of Homes
- The median age of Melrose (zip 88124) real estate is 51 years old
The Rental Market in Melrose (zip 88124)
- Renters make up 23.9% of the Melrose (zip 88124) population
- 0.0% of houses and apartments in Melrose (zip 88124), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.