Home prices
The median home in Melrose is valued at $82,300. Compared to nearby areas it is about $5,280 (6%) lower.In comparison to the United States as a whole it is roughly $135,200 (62%) lower, and is roughly $43,300 (34%) lower in comparison to the city of Clovis.
Rents
Melrose's median monthly rent is $642. In comparison to its surrounding areas this is approximately $69 (9%) lower.Compared to the rest of the nation it is approximately $420 (39%) lower, and it is about $180 (21%) lower compared to the city of Clovis.
Nearby places
Portales
Portales is about 23 miles southeast of Melrose. The housing prices there are a little more expensive. The median home price in Portales is $116,200, which comes out to $33,900 (29%) higher than Melrose. Rent there is a little more expensive. Portales's median monthly rent is $776, which works out to $134 (17%) higher than Melrose.
Texico
Texico is approximately 29 miles east from Melrose. Its real estate prices are a bit more expensive. The value of the median home in Texico is $87,200, which works out to $4,900 (5%) higher than Melrose. Rents there are a little more expensive. Texico's median rent is $798 a month, which works out to $156 (19%) higher than Melrose.
Farwell
Farwell is approximately 29 miles east from Melrose. Housing prices there are a little more expensive. Farwell's median home price is $103,600, which is $21,300 (20%) higher than Melrose. Its rents are a bit more expensive. The median monthly rent in Farwell is $678, which is $36 (5%) higher than Melrose.
Fort Sumner
Fort Sumner is about 30 miles west of Melrose. Its housing prices are substantially less expensive. The median home in Fort Sumner is valued at $53,000, which works out to $29,300 (55%) lower than Melrose. Its rents are pretty similar. In Fort Sumner the median rent is $639 a month, which is very similar to Melrose.
Bovina
Bovina is roughly 37 miles east from Melrose. Its housing prices are somewhat less expensive. The median home in Bovina is valued at $77,900, which works out to $4,400 (5%) lower than Melrose. Rents there are similar. In Bovina the median rent is $666 per month, which is $24 (3%) higher than Melrose.
