Total monthly cost of ownership
Cost to Own a Home in Roswell, New Mexico
A $139,000 home here costs
$1,191per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $51,000 a year.
A standard mortgage calculator would have told you $758. The real number is $433 higher every month, 57% more than the payment most buyers budget for.
Compare Chaves County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Roswell against Chaves County and New Mexico
| Measure | Roswell | Chaves County |
|---|---|---|
| Median home value | $139,200 | $141,900 |
| Median property tax | $963 | $915 |
| Effective tax rate | 0.692% | 0.645% |
| Median gross rent | $840 | $838 |
| Population | 47,823 | 64,446 |
The weather behind that power bill
Roswell sits in Chaves County, which averages a high of 96.5°F in its hottest month and a low of 28.1°F in its coldest, with 11.63" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 2,236 cooling and 2,876 heating degree days, which is what sets the $108 electricity line above.
See the full climate breakdown for Chaves County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Chaves County
Full Chaves County cost breakdown · Every county in New Mexico
Talk to someone who works this market
These are Roswell averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Roswell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Roswell I already own here and may sell
Common questions
How much does it cost to own a home in Roswell?
A $139,000 home in Roswell, New Mexico costs approximately $1,191 per month with 20% down at 7.24%. That is $758 principal and interest, $80 property tax, $61 homeowners insurance, $176 utilities and $116 set aside for maintenance.
What is the property tax rate in Roswell?
Roswell has an effective property tax rate of 0.692%, based on a median home value of $139,200 and median real estate taxes of $963. That is higher than the Chaves County average of 0.645%.
What is the average home price in Roswell?
The median owner-occupied home value in Roswell, New Mexico is $139,200, against $141,900 across Chaves County.
Is it cheaper to rent or buy in Roswell?
Median gross rent in Roswell is $840 a month, against $1,191 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Roswell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Roswell, New Mexico at today's rate takes a household income of roughly $51,000 a year. That covers the full $1,191 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Roswell, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for New Mexico.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.