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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 $144,165, lower than the New Mexico average of $265,486.
The average cost of rent is $986/mo in Portales, primarily driven by the current value of real estate in the Portales area. In Portales, 42.31% of households rent, and 51.18% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Portales is $4,553 per month. Households that rent pay about 21.65% of their income on rent here. Portales’s most expensive areas are in the eastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Floyd, NM: higher priced homes
- Muleshoe, TX: less expensive homes
- Progress, TX: higher priced homes
- Tolar, NM: higher priced homes
- Sudan, TX: less expensive homes
- Earth, TX: less expensive homes
- Amherst, TX: less expensive homes
- Springlake, TX: less expensive homes
- Fieldton, TX: less expensive homes
- Olton, TX: less expensive homes
Cities with Similar Populations
- Seymour, CT: higher priced homes
- Five Forks, SC: higher priced homes
- Fletcher, NC: higher priced homes
- Fort Atkinson, WI: higher priced homes
- Fort Carson, CO: higher priced homes
- Fort Riley, KS: higher priced homes
- Four Corners, OR: higher priced homes
- Russellville, AL: equally priced homes
- Sauk Rapids, MN: higher priced homes
- Sayville, NY: higher priced homes
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