| ZIP Code | 88124 |
|---|---|
| City | Melrose |
| State | New Mexico (NM) |
| County | Curry County |
| Area Code | 575 |
| Elevation | 4,578 ft |
| Latitude | 34.536174 |
|---|---|
| Longitude | -103.65183 |
| Timezone | Denver (DST) |
| FIPS | 35009 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 50.7 yrs |
|---|---|
| Avg Household Size | 2.15 |
| Below Poverty | 21.8% ▲ 118% above avg |
| College Grads | 40.6% ≈ Avg |
| Unemployment | 6.5% ▲ 32% above avg |
| No HS Diploma | 9 (1.5%) |
| HS Graduate | 134 (22.4%) |
| Some College | 85 (14.2%) |
| Associates | 127 (21.2%) |
| Bachelors | 98 (16.4%) |
| Graduate Degree | 145 (24.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $51,696 ▼ 32% below avg ↓ 16% since 2019 |
|---|---|
| Median Home Value | $123,800 ▼ 56% below avg |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $716/mo ↑ 14% since 2019 |
| Total Units | 572 |
| Vacant Units | 151 |
| Avg HH Size | 2.15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 572 |
|---|---|
| Vacant | 151 |
| Owner Occupied | 83.9% |
| Renter Occupied | 16.2% |
| Avg HH Size | 2.15 |
ZIP code 88124 is located in Melrose, New Mexico, within Curry County. With a population of 907, this is a sparsely populated ZIP code with a mature community — the median age is 50.7 years. Economically, 88124 is a working-class ZIP code: the median household income of $51,696 is below the national average.
Real estate in ZIP code 88124 represents one of the more affordable housing markets in the country. The median home value of $123,800 is well below the national average. Renters can expect to pay around $716 per month in median rent. Homeownership is strong here — 83.9% of occupied units are owner-occupied, suggesting an established, stable residential community.
The population of 88124 is primarily White (79.71%). Residents are well-educated — 40.6% hold a bachelor's degree or higher, which is near the national average. Poverty affects a significant share of residents at 21.8%. Household income has declined by 16% since 2019.
The unemployment rate in 88124 stands at 6.5%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 88124 in Melrose, NM is characterized as working-class, well-educated, a mature community, and predominantly owner-occupied. With 907 residents, a median household income of $51,696, and a median home value of $123,800, it offers a clear picture of life in this part of New Mexico.