Commercial Real Estate Market in Melrose, NM
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
Market Trends
Melrose, NM spans 749.1 square miles in Curry County, New Mexico. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Melrose, NM runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail vacancy in Melrose, NM runs 5.8% across the West region in 2025, down from 7% in 2020.
Vacancy Rate % in West region
Industrial
Industrial vacancy in Melrose, NM runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily vacancy in Melrose, NM runs 8.6% across the West region in 2025, up from 7% in 2022.
Vacancy Rate % in West region
Market overview
Demographics & Economy
Melrose, NM has 1,043 residents in 572 households. Density runs 1 people per square mile. Median household income here is $51,696 and median gross rent $716 a month.
1,043
Population
572
Households
1.8
Avg Household Size
44
Median Age
22%
College-Educated
87%
High-School Grad
749.1 sq mi
ZIP Area
1
Density / Sq Mi
$51,696
Median Household Income
$38,083
Median Earnings
$716
Median Rent
$123,800
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Saint Vrain | — | — |
| Floyd | — | — |
| Tolar | — | — |
| Cannon AFB | — | — |
Methodology & data sources
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
