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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Roswell, NM Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Roswell, NM Housing Market Trends

With 47,390 people, 17,438 houses or apartments, and a median cost of homes of $161,345, 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 74.96% of the city's housing units. Other types of housing that are prevalent in Roswell include duplexes, homes converted to apartments or other small apartment buildings ( 8.12%), large apartment complexes or high rise apartments ( 8.10%), and a few mobile homes or trailers ( 6.12%).

The most prevalent building size and type in Roswell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.79% owning and 38.21% renting.

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 51.70% of the city's housing hails from this era. Other housing ages represented in Roswell include homes built between 1970-1999 ( 35.10%) and housing constructed between 2000 and later ( 8.38%). There's also some housing in Roswell built before 1939 ( 4.82%).

Vacant housing appears to be an issue in Roswell. Fully 12.11% 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 4.71%, which is lower than 80% 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 -0.86%, 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 0.59%, which equates to an annual appreciation rate of 2.39%.

Relative to New Mexico, our data show that Roswell's latest annual appreciation rate is lower than 90% 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 2000, to assist you in making the best Roswell real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$161,345

Roswell, NM Home Prices
> $1,265,000
$948,001 - $1,265,000
$632,001 - $948,000
$506,001 - $632,000
$379,001 - $506,000
$253,001 - $379,000
$126,001 - $253,000
$63,001 - $126,000
$0 - $63,000
0.6%
0.6%
0.5%
0.5%
1.2%
1.2%
3.4%
3.4%
4.8%
4.8%
15.1%
15.1%
36.4%
36.4%
27.3%
27.3%
10.7%
10.7%
0% 100.0%
% of Homes
Low

for New mexico

Very Low

for nation

Number of Homes And Apartments:

17,438

Roswell Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,345 / per month

Homeownership Rate

Owners
Renters
61.8%
61.8%
38.2%
38.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.1%
12.1%
87.9%
87.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.4%
8.4%
35.1%
35.1%
51.7%
51.7%
4.8%
4.8%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
75.0%
75.0%
2.5%
2.5%
8.1%
8.1%
8.1%
8.1%
6.1%
6.1%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.1%
3.1%
6.5%
6.5%
26.2%
26.2%
50.0%
50.0%
12.2%
12.2%
2.0%
2.0%
0% 100.0%
% of Homes