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Roswell

Learn about the people, housing, costs and businesses in Roswell, New Mexico

Median Home$154,429
Median Rent$1,004/month
Population47,782
Leading IndustriesManufacturing · Finance & Insurance2% manufacturing
Home Value Growth+8.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners69% of occupied units
Roswell
NM

Frequently Asked Questions

What are today's mortgage rates in Roswell?

As of today, the 30-year fixed mortgage rate for Roswell is approximately 7.057% (7.098% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Roswell?

The median home value in Roswell is $154k. The median monthly rent is $1,004. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Roswell?

Home values in Roswell have increased 8.7% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Roswell?

Based on a typical all-in ownership cost of $812/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Roswell is $52k/year.

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What industries drive the economy in Roswell?

The largest employment sectors in Roswell are public administration (24%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.