Roswell counts as the fifth largest city in New Mexico (population ~47,000). Famous for its UFO lore, Roswell also has roots in ranching and oil/gas industries. Housing here tends to be more affordable, with many modest‐sized single-family homes, some older ranch‐style homes, and some newer developments. The environment is more small‐city with a mix of urban core and rural fringe. Home values: average around USD $170,000. If building on land in outer areas, costs will be modest compared to major metro areas — perhaps USD $150–250 per sq ft plus land, depending on infrastructure.