Total monthly cost of ownership
Cost to Own a Home in Roswell, New Mexico
A $139,000 home here costs
$1,166per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $715. The real number is $452 higher every month — 63% more than the payment most buyers budget for.
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 $127 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
Common questions
How much does it cost to own a home in Roswell?
A $139,000 home in Roswell, New Mexico costs approximately $1,166 per month with 20% down at 6.66%. That is $715 principal and interest, $80 property tax, $61 homeowners insurance, $195 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 $1,166 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.