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Portales, NM Real Estate

Portales is a city in Roosevelt County, New Mexico with a population of about 12,023. The median home value is near $132,900, and median rent runs around $870/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$132,900
Median Rent
$870/mo
Population
12,023
Median Income
$51,290
Median Age
27.7
Homeownership
53%

Monthly payment on a median Portales home

Example for a $132,900 home: 20% down, 30-yr at ~6.75%, NM property tax ~0.67%, 0.4% insurance.

Est. monthly (PITI)
$808
Principal & interest
$690
Property tax / mo
$74
Down payment (20%)
$26,580

Portales at a glance

  • 15.6% of residents 25+ hold a bachelor's degree or higher.
  • 53% of occupied homes are owner-occupied.
  • Median household income is $51,290.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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