Portales, NM housing market
Typical home value
$135K
▲ 0.5% 1 yr
Typical rent
$1,008/mo
▲ 6.3% 1 yr
Gross rent yield
9.0%
U.S. 6.3%
5-year home value change
+4%
U.S. +20%
Key takeaways
- 1The typical home in Portales is worth $134,876, up 0.5% over the past year and up 4% over five years.
- 2Typical rent is $1,008 a month (+6.3% YoY), a gross rent yield of 9.0% (above the Portales, NM metro's 8.4%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $741/mo, $267 less than typical rent.
- 4Zillow forecasts the Portales, NM metro's home values to change +0.3% over the next 12 months.
Market temperature (Portales, NM metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 29/100, #464 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Portales compares
| Measure | Portales | Portales, NM metro | United States |
|---|---|---|---|
| Typical home value | $134,876 | $144,452 | $366,157 |
| Home value, 1-yr change | +0.5% | +1.5% | +1.2% |
| Typical rent | $1,008 | $1,008 | $1,932 |
| Rent, 1-yr change | +6.3% | +6.4% | +2.7% |
| Gross rent yield | 9.0% | 8.4% | 6.3% |
| Price-to-rent ratio | 11.2 | 11.9 | 15.8 |
| Mortgage P&I, typical home | $741 | $794 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Portales rental, pre-filled.
Rent vs buy in Portales
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $135K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.