Roswell appreciation rates and housing market information

Roswell housing market information

With a population of 45,451, 19,286 total housing units (homes and apartments), and a median house value of $108,024, house prices in Roswell are solidly below the national average.

single-family detached homes are the single most common housing type in Roswell, accounting for 75.10% of the city's housing units. Other types of housing that are prevalent in Roswell include large apartment complexes or high rise apartments (8.13%), mobile homes or trailers (7.67%), duplexes, homes converted to apartments, or other small apartment buildings (5.50%), and a few row houses and other attached homes (2.93%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Roswell. Owner-occupied housing accounts for 60.98% of Roswell's homes, and 53.79% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Roswell's housing was primarily built during this period, from the '40s through the '60s. A full 53.44% of the city's housing hails from this era. Other housing ages represented in Roswell include homes built between 1970-1994 (32.93%), and housing constructed from 1939 and earlier (7.95%). There's also some housing in Roswell built between 1995 and later (5.68%).

Vacant housing appears to be an issue in Roswell. Fully 11.28% of the housing stock is classified as vacant. Left unchecked, vacant Roswell homes and apartments can be a drag on the real estate market, holding Roswell real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Roswell home appreciation rates

Roswell's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Roswell during the period has been just 4.86%, which is lower than % of US communities.

Over the last year, Roswell appreciation rates have trailed the rest of the nation. In the last twelve months, Roswell's appreciation rate has been -2.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Roswell were at -1.09%, which equates to an annual appreciation rate of -4.36%.

Notably, Roswell's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New Mexico, our data show that Roswell's latest annual appreciation rate is higher than 23% of the other cities and towns in New Mexico.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Roswell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Roswell - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Roswell real estate investment or home purchase decisions.