Portales, NM 88130 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Portales, NM—88130

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$140,000

1.5% YoY Growth

Household Income

$52,400

30.7% YoY Growth

Days on Market

16.0% Longer YoY

Home Price Forecast

-1.6%

Median Rent

$895

0.1% YoY Growth

1-Bed Rent

$600

12.1% YoY Growth

2-Bed Rent

$800

11.5% YoY Growth

3-Bed Rent

$1,150

4.1% YoY Growth

Home Price Trends — Portales, NM

As of Dec '25, the median home price in Portales, NM is $140,000, with a year-over-year change of -1.5%. This indicates that home prices in Portales, NM are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$140,000	-1.5%
Single Family	$140,000	-1.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Portales, NM

As of July '25, Rentcast reports the average rent in Portales, NM is $929, with a year-over-year rent change of -0.1%. Per bedroom, the median rent as of July '25 in Portales, NM is 1-bedrooms: $641, 2-bedrooms: $866, 3-bedrooms: $1,170, 4-bedrooms: $1,680. The most common rental property sizes in Portales, NM are 3-bedroom and 2-bedroom, accounting for 37.2% and 34.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$895	$929
Studio Rent	N/A	N/A
1 Bed Rent	$600	$641
2 Bed Rent	$800	$866
3 Bed Rent	$1,150	$1,170
4 Bed Rent	$1,600	$1,680

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% of Rental Stock

Studio

3.3%

1 Bedroom

17.2%

2 Bedrooms

34.2%

3 Bedrooms

37.2%

4 Bedrooms

6.6%

5+ Bedrooms

1.5%

Property Listings — Portales, NM

As of Dec '25, Realtor.com reports that the median days on market for a home in Portales, NM is 92. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$214,000	3.0%
Listing Count	81	-5.0%
Listings as % of Homes	0.5%	-5.0%
Days on Market	94	16.0%

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Demographics — Portales, NM

As of the latest ACS Survey released in 2023, Portales, NM has a population of 17,900, which has remained stable by 1.0% over the past 5 years. Portales, NM is a popular place for families, as children make up 25.6% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,900	1.0%
% Under 18	25.6%	5.3%
% Seniors	14.0%	8.5%
% WFH	4.0%	166.7%
% w/ College Degree	21.7%	-14.9%

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As of the latest ACS Survey released in 2023, Portales, NM is a predominantly white area, with 47.7% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Portales, NM is hispanic, making up 45.3% of the population. Foreign-born residents account for 6.2% of the population in Portales, NM, and this percentage has decreased by 44.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	47.7%	-6.1%
% Black	1.1%	-62.1%
% Hispanic	45.3%	5.3%
% Asian	0.5%	-16.7%
% Foreign Born	6.2%	-44.1%

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Mortgage and Risk — Portales, NM

According to HUD data as of 2023, there were 194 mortgage originations in Portales, NM, of which 44.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 55.0% above 90% LTV (very high). This implies large mortgage risk in Portales, NM. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	194
% Conventional Loans	44.0%
% Government Loans	56.0%
% Investor Loans	2.0%
% Second Loans	1.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Portales, NM

Portales, NM lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	118
Total Units Section 8	118
% Rentals under Section 8	N/A
% Occupied Section 8	59.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$120	$600	$720
2 Bedroom	$130	$800	$930
3 Bedroom	$160	$1,150	$1,310
4 Bedroom	-$20	$1,600	$1,580

Portales, NM—88130

Key Metrics at a Glance

Home Price Trends — Portales, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Portales, NM

% of Rental Stock

Property Listings — Portales, NM

Demographics — Portales, NM

Race and Ethnicity

Mortgage and Risk — Portales, NM

Mortgages

Rentals and Section 8 — Portales, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Portales, NM

Home Price to Income Ratio

Portales, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Inez, NM

Floyd, NM

Clovis, NM

Lingo, NM

Pleasant Hill, NM

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.7
Median Home Price	$140,000
Median Household Income	$52,400

Portales, NM—88130

Key Metrics at a Glance

Home Price Trends — Portales, NM

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Portales, NM

% of Rental Stock

Property Listings — Portales, NM

Demographics — Portales, NM

Race and Ethnicity

Mortgage and Risk — Portales, NM

Mortgages

Rentals and Section 8 — Portales, NM

Section 8 Market Size

Section 8 Opportunity

Affordability — Portales, NM

Home Price to Income Ratio

Portales, NM — ZIP Code Boundary Map

Nearby ZIP Codes

Inez, NM

Floyd, NM

Clovis, NM

Lingo, NM

Pleasant Hill, NM

Frequently Asked Questions

What is the average home price in Portales, NM 88130?

How have home prices in Portales, NM 88130 changed over the past year?

What is the home price projection for Portales, NM 88130?

What are the demographics of Portales, NM 88130?

How long does it take homes to sell in Portales, NM 88130?

What is the average rent price in Portales, NM 88130?