Roswell, NM home prices
Typical home $171,272 · +0.4% in a year · income needed $46,800
The Roswell, NM metro area ranks 756 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.4% in a year and -4.2% over five years. With 20% down at 7.11%, the typical home costs about $1,093 a month including 0.6% property tax (Chaves County rate).
Mortgage on the typical Roswell home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,254 | $137,018 | $922 | $0 | $171 | $1,093 | $46,800 |
| 10% down | $17,127 | $154,145 | $1,037 | $64 | $171 | $1,272 | $54,500 |
| 5% down | $8,564 | $162,708 | $1,095 | $68 | $171 | $1,333 | $57,100 |
| 3.5% down (FHA) | $5,995 | $168,170 | $1,131 | $76 | $171 | $1,378 | $59,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.6% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Roswell area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chaves County, NM | $171,293 | +0.4% | 0.6% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Roswell?
The typical home in the Roswell, NM metro area is worth $171,272 (Zillow, September 2026).
What salary do you need to buy a house in Roswell?
About $46,800 a year for the typical home with 20% down at 7.11%.