Roswell, NM
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Roswell, NM Real Estate Data


Roswell Housing Market Information

With 48,544 people, 17,659 houses or apartments, and a median cost of homes of $114,579, 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 76.51% of the city's housing units. Other types of housing that are prevalent in Roswell include large apartment complexes or high rise apartments ( 8.69%), duplexes, homes converted to apartments or other small apartment buildings ( 6.25%), and a few mobile homes or trailers ( 4.72%).

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 61.51% owning and 38.49% 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 49.29% of the city's housing hails from this era. Other housing ages represented in Roswell include homes built between 1970-1999 ( 37.48%) and housing constructed before 1939 ( 7.00%). There's also some housing in Roswell built between 2000 and later ( 6.24%).

Vacant housing appears to be an issue in Roswell. Fully 11.43% 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

Appreciation rates for homes in Roswell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.08%, which ranks in the top 30% nationwide. This equates to an annual average Roswell house appreciation rate of 1.33%.

Appreciation rates are so strong in Roswell that despite a nationwide downturn in the housing market, Roswell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Roswell appreciation rates continue to be some of the highest in America, at 6.27%, which is higher than appreciation rates in 75.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roswell. Roswell appreciation rates in the latest quarter were at 4.24%, which equates to an annual appreciation rate of 18.06%.

Importantly, NeighborhoodScout’s exclusive research found that Roswell's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to New Mexico, our data show that Roswell's latest annual appreciation rate is higher than 80% 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:
$114,579

Roswell, NM HOME PRICES

Value Range
> $1,101,000 0.1
$826,001 - $1,101,000 0.3
$550,001 - $826,000 1.1
$441,001 - $550,000 0.4
$330,001 - $441,000 2.1
$220,001 - $330,000 10.5
$110,001 - $220,000 32.2
$55,001 - $110,000 35.6
$0 - $55,000 17.6

Average for NM
Low for Nation

Value Relative to Nation Value Relative to State
68.4694714637291 50.8620689655172

Number Of Homes And Apartments:
17,659

Rent & Ownership

 

Average Market Rent:
$861 / per month

Homeownership Rate

Homeownership
Owners 61.51
Renters 38.49
Vacant 11.43

Housing Market Details

 

Age of Homes

AGE OF Roswell HOMES
2000 or Newer 6.2
1970 - 1999 37.5
1940 - 1969 49.3
1939 or Older 7.0

Types of Homes

TYPE OF Roswell HOMES
Single-Family 76.5
Townhomes 3.8
Small Apt. Buildings 6.2
Apt. Complexes 8.7
Mobile Homes 4.7
Other 0.1

Home Size

SIZE OF Roswell HOMES
No Bedroom 2.55
1 Bedroom 8.55
2 Bedrooms 28.11
3 Bedrooms 48.83
4 Bedrooms 10.72
5 or more bedrooms 1.24

Roswell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NM*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
66.38% 3.00% 7 8
* 10 is highest