Housing in Portales, NM
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$144,000
Median List Price
$184,500
Price Per Sq Ft
$122
Days on Market
32
Active Inventory
52
Months of Supply
17.3
Buyer's market
Zillow Home Value
$133,087
ZHVI — January 2026
Zillow Rent Index
$959
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
30.0%
Market Activity
Source: RedfinHomes Sold
3
New Listings
16
Pending Sales
10
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$122
Median List $/SF
$126
Portales vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Portales is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$132,900
Median Rent
$870
Total Housing Units
5,283
Vacancy Rate
14.9%
Owner Occupied
53.0%
Renter Occupied
47.0%
Median Property Tax
$690
per year
Monthly Cost (w/ Mortgage)
$1,016
Housing Types
The current median sale price in Portales, NM is $144,000 according to Redfin data. Homes spend a median of 32 days on the market. 0.0% of homes sold above asking price. The market has 17.3 months of supply. The median price per square foot is $122. Zillow's observed rent index is $959/month. About 53.0% of housing units are owner-occupied. The median year homes were built is 1979. There are 5,283 total housing units.