Roswell, New Mexico Housing Market Prices
Roswell Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 7% below the New Mexico median$189,063
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Median rent 21% below the New Mexico median$840
Housing Market Overview
| Metric | Roswell | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,063 | $204,122 | $248,835 |
| Price Trend (Annual %) | 3.6% | 3.1% | 7.5% |
| Median Gross Rent | $840 | $1,067 | $1,407 |
| Rent Trend (Annual %) | 2.2% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Roswell is about 7% lower than in New Mexico. Rent is about 21% lower than the New Mexico average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Roswell, up about 3.6% and 2.2% a year respectively. Home prices are changing faster.
Median rent in Roswell rose about 19.8% between 2015 and 2024, from $701 to $840. Over the same span, rent in New Mexico rose about 37.3%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Roswell.
Buying the median-priced home in Roswell costs roughly 18.8 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Roswell. The price-to-rent ratio in New Mexico is about 15.9.
| Metric | Roswell | New Mexico Avg | US Average |
|---|---|---|---|
| Median Home Price | $189,063 | $204,122 | $248,835 |
| Median Household Income | $50,434 | $64,523 | $80,455 |
| Price-to-Income Ratio | 3.7 | 3.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Roswell rose about 63.5%, while median household income rose about 40.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Roswell | New Mexico Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.8% | 61.3% | 58.5% |
| Rental Rate | 27.6% | 26.2% | 31.2% |
| Vacancy Rate | 11.7% | 12.5% | 10.2% |
| Median Tenure (years) | 15.0 | 16.0 | 15.0 |
| Median Year Moved In | 2011 | 2010 | 2011 |
Roswell has a homeownership rate of 60.8%, about the same as the New Mexico average of 61.3%. Its housing vacancy rate is 11.7%, compared with 12.5% in New Mexico.
Housing Stock
| Metric | Roswell | New Mexico Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.55 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1966 | 1983 | 1978 |
| Median Number of Rooms | 5.4 | 5.3 | 5.5 |
The typical housing unit in Roswell was built around 1966. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Roswell, New Mexico.
What is the median home price in Roswell, New Mexico?
The median home price in Roswell, New Mexico is $189,063, lower than the New Mexico average of $204,122.
What is the average home price in Roswell, New Mexico?
The typical home price in Roswell, New Mexico, reported as the median sale price, is $189,063. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Roswell, New Mexico?
The median gross rent in Roswell, New Mexico is $840 per month, lower than the New Mexico average of $1,067.
What was the median gross rent in Roswell in 2020?
In 2020, the median gross rent in Roswell, New Mexico was $810 per month.
What is the price-to-rent ratio in Roswell, New Mexico?
The price-to-rent ratio in Roswell, New Mexico is about 18.8, meaning it would take roughly 18.8 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Roswell.
Are home prices or rent rising faster in Roswell, New Mexico?
Both home prices and rent are rising in Roswell, up about 3.6% and 2.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Roswell, New Mexico?
60.8% of households in Roswell, New Mexico own their home, lower than the New Mexico average of 61.3%.
What is the vacancy rate in Roswell, New Mexico?
The housing vacancy rate in Roswell, New Mexico is 11.7%, lower than the New Mexico average of 12.5%.
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