Area data
Melrose, NM — ZIP 88124
Population: 891 (Census ACS)
Homes sell for a median $483,800 after a median 408 days on market. 3 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with drought, winterweather, hail the top-rated hazards. Cost of living is 7.8% below the US average (BEA, metro/state-level).
408
Median days on market
Relatively Low
Hazard risk (county)
Home values & appreciation
- House Price Index (state)
- 414.6 (-1.2% YoY)
Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)
Market activity
- Median sale price
- $483,800
- Median list price
- $51,250
- Median price per sqft
- $148
- 1-year sale-price change
- +245.6%
- Median days on market
- 408 days
- Homes sold (recent period)
- 3
- For-sale inventory
- 6
- Sale-to-list ratio
- 91.8%
- Active listings
- 2
Source: recent area sales and market data (ZIP-level)
Rents
- Studio fair-market rent
- $802/mo
- 1BR fair-market rent
- $891/mo
- 2BR fair-market rent
- $1,151/mo
- 3BR fair-market rent
- $1,522/mo
- 4BR fair-market rent
- $1,889/mo
Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)
Affordability
- Cost of living index (Below Average)
- 92.2 (100 = US avg)
- Electricity rate (state-level)
- 15.1¢/kWh
- Natural gas rate (state-level)
- $9.80/MCF
- 30-year mortgage rate (national)
- 7.40%
- 15-year mortgage rate (national)
- 6.73%
Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)
Schools
- Total schools
- 3
- Elementary schools
- 1
- Middle schools
- 1
- High schools
- 1
- Avg student-teacher ratio
- 8.2 : 1
- Schools include
- MELROSE ELEMENTARY, MELROSE HIGH, MELROSE JUNIOR
Source: NCES school directory, 2022-23 (school-address-based)
Natural hazards & flood risk
- Overall hazard risk (county)
- Relatively Low
- Top hazards (county)
- drought, winterWeather, hail, lightning, strongWind
- Notable hazard ratings (county)
- hail: Relatively Moderate · drought: Relatively High · tornado: Relatively Low · coldWave: Relatively Low · heatWave: Relatively Low · iceStorm: Relatively Low
- Wildfire risk to homes (county)
- Higher than 96% of US counties
- Buildings in wildfire direct-exposure zone
- 29.2%
- Radon potential (county)
- Moderate radon potential — EPA Zone 2 of 3
- EPA Superfund (NPL) sites within 5 mi
- None
Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL
Climate (30-year normals)
- Average annual temperature
- 60.0°F
- Average high
- 75.0°F
- Average low
- 45.0°F
- Annual precipitation
- 16.1 in
- Annual snowfall
- 7.6 in
- USDA plant hardiness zone
- 7a (extreme annual low 0 to 5°F)
Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)
Amenities
- Airports within 30 mi
- 8
- Nearest airport
- Myers Airport (6 mi)
- Nearest major airport
- Cannon Air Force Base (CVS) (16 mi)
- Hospitals nearby (~15 mi)
- 2
- Hospitals include
- PLAINS REGIONAL MEDICAL CENTER, ROOSEVELT GENERAL HOSPITAL
- Avg hospital rating (CMS)
- 2.0 / 5
- Best hospital rating nearby (CMS)
- 2.0 / 5
- Solar radiation rating
- Good (5.5 kWh/m²/day)
Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)
Housing stock
- Median year housing built
- 1,971
- Housing built before 1970
- 48.1%
- Housing built 2000 or later
- 22.6%
- Median annual property tax
- $524
- Households with broadband internet
- 60.6%
Source: Census ACS 5-year estimates (ZIP-level)
Employment & development
- Total county employment
- 14,754
- Average weekly wage
- $901
- Top industries (by employment)
- Accommodation & Food, Construction, Administrative Services
- Annual residential building permits (county)
- 62
Sources: BLS QCEW (county-level) · Census Building Permits (county-level)
How it compares
| ZIP 88124 | State median | US median | |
|---|---|---|---|
| Median sale price | $483,800 | $325,000 | $325,000 |
| Median days on market | 408 days | 90 days | 51 days |
| Median annual property tax | $524 | $929 | $2,006 |
State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.
Area data compiled from public government, academic, and industry research feeds. Data sources →
Common questions
- What is the median sale price in ZIP 88124?
- $483,800.
- How long do homes take to sell in ZIP 88124?
- Median days on market: 408 days.
- What is typical rent in ZIP 88124?
- 2-bedroom fair-market rent: $1,151/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
- What is the natural-hazard risk in ZIP 88124?
- Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: drought, winterWeather, hail, lightning, strongWind.
- What is the wildfire risk in ZIP 88124?
- Risk to homes is higher than 96% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
- What is the radon potential in ZIP 88124?
- Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
- Are there Superfund sites near ZIP 88124?
- No current or proposed National Priorities List sites within 5 miles (EPA).
- How many schools serve ZIP 88124?
- 3 schools (1 elementary, 1 middle, 1 high) (NCES, 2022-23).
- What is the cost of living in ZIP 88124?
- Regional Price Parity: 92.2 (100 = US average) (Below Average) (BEA RPP, metro/state-level).
Nearby ZIP codes
Listing a home in Melrose, NM?
REAIGENT7 gives every listing its own AI assistant grounded in this same public data — it answers buyer and renter questions about the home and the area, around the clock, and sends every lead to the listing agent. Agents: it installs on your listing page, your website, or WordPress.
Data last updated
Most recent source refresh: Oct 2026. See all data sources →