Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Portales area can be challenging. Home prices in Portales are now at a median cost of $127,520, lower than the New Mexico average of $199,923.
The average cost of rent is $884/mo in Portales, primarily driven by the current value of real estate in the Portales area. While nearly 45.10% of residents own their homes outright in Portales, 38.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Portales is $4,505 per month. Households that rent pay about 19.61% of their income on rent here. Portales's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
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Cities with Similar Populations
- Seymour, CT: higher priced homes
- Five Forks, SC: higher priced homes
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- Fort Atkinson, WI: higher priced homes
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- Fort Riley, KS: higher priced homes
- Four Corners, OR: higher priced homes
- Russellville, AL: less expensive homes
- Sauk Rapids, MN: higher priced homes
- Sayville, NY: higher priced homes
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