Rent to own Homes in Roswell, NM
Bitter Lake. The National Wildlife Refuge here is a birding area par excellence and the site of an annual Dragonfly Festival. Marvel at some incredible creatures - the least shrew, the least tern, and the Roswell spring snail. Later, tour the surrounding desert.
Roswell, NM is a great place for affordable rent-to-own homes! With a median household income of over $45,493 and a median rent of $819, the Roswell, NM rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Roswell, NM. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Roswell, NM
Neighborhoods in Roswell, NM
Alameda Heights rent to own homes Railroad District rent to own homes South Roswell rent to own homes Downtown Roswell rent to own homes South Highlands rent to own homes North Spring River rent to own homes Mesa Park rent to own homes West Side rent to own homes Downtown Roswell Historic District rent to own homes Northwest Roswell rent to own homesPopular Zip Codes in Roswell, NM
88202 rent to own homesBuying a Home in Roswell, NM
Roswell, NM is seeing rapid growth and Roswell, NM's' housing market remains optimal with an average home price that is -49% below the 2024 national average. Roswell, NM is part of Chaves county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Chaves is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Roswell, NM
Median Rent in Roswell, NM
10 Reasons to Live in Roswell
Aliens. If you don't know about the landing of aliens in Roswell in 1947, you will within moments of your arrival in this town of 48,000 people. You cannot avoid them here. But they won't be living in your neighborhood! Word is that the Army whisked them all away decades ago. Visit the UFO Museum on Main Street. Or, buy a mask from Alien Zone and surprise your friends.
Bottomless Lakes State Park! Actually a sink hole and not really bottomless, the campground is a wonderful place to enjoy the desert. You can hike, view petroglyphs and watch dragonflies, loons and raccoons. Go for the day, and then return to town to look at the stars at the Robert H. Goddard Planetarium.
Artesian Water! Unlike many areas of New Mexico, Roswell has plenty of water from its artesian springs. Since 1891, the city has been home to New Mexico Military Institute, which claims among its graduates Roger Staubach, Conrad Hilton and Sam Donaldson.
Prettiest Town in the West! Popular neighborhoods in Roswell include City Center, Midway and Mountain View, and since 1990 Drunken/Elk has recorded the highest rate of appreciation. Median home prices vary by neighborhood and range from about $75,000 to more than $170,000.
Forward Looking. New business development in Roswell has the city looking to the future. A new FedEx Distribution Center was begun late in 2013, and construction has begun on a new multi-unit apartment development. Rent to own opportunities are possible in several neighborhoods.
Antiques and Art. You can stroll through the historic downtown area and drink in the history of the area, or take a tour and sip samples at Pecos Flavors Winery. The Anderson Museum of Contemporary displays works of emerging local artists in residence.
The Simple Life! New Mexico is not called The Land of Enchantment for nothing. Sunny skies, dry air, cool nights and beautiful vistas are what attract people to this state. The state's energy guidelines ensure high standards. Look for rent to own houses near Cahoon Park or Hondo Park.
Go to the Zoo! Spring River Park and Zoo in Roswell is great if you want to see some unusual animals up close and personal, or go for a drive and see antelope, rabbits, coyotes and possibly even a bobcat. You can also watch hawks and hummingbirds.
Low Taxes! The cost of living in New Mexico is lower than much of the country. Property taxes are ranked among the 10th lowest in the nation. When you find rent to own homes in Roswell, chances are that you will have single level, fairly modern residence. Try Big D's Downtown Dive or Galactic Sushi for a bite when in town.