Portales housing market
Typical home value
$144K
▲ 1.5% 1 yr
Typical rent
$1,008/mo
▲ 6.4% 1 yr
12-month forecast
+0.3%
#449 of 546 metros
Gross rent yield
8.4%
#33 of 546 · U.S. 6.3%
Listings with a price cut
20%
▼ −1.2 pts 1 yr
Key takeaways
- 1The typical home is worth $144,452, up 1.5% in a year and up 4% over five years.
- 2Zillow forecasts home values rising 0.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,008/mo (+6.4% YoY), a 8.4% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $794/mo in principal and interest, $214 less than renting.
Market temperature
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 | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.5% | +1.2% | #328 |
| Home value, 5-yr change | +3.9% | +19.7% | |
| 12-month forecast | +0.3% | +1.1% | #449 |
| Rent, 1-yr change | +6.4% | +2.7% | #68 |
| Gross rent yield | 8.4% | 6.3% | #33 |
| Price-to-rent ratio | 11.9 | 15.8 | |
| Mortgage P&I on typical home | $794 | $2,012 |
Cities in the Portales metro
1 cities with home value and rent data.
| Portales | $135K | ▲ 0.5% | $1,008 | ▲ 6.3% | 9.0% |
Run the numbers
Rental property calculator
Cash flow on a typical Portales rental ($144K, $1,008/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Portales home.
Rent vs buy
Is it cheaper to rent or buy in Portales?
Other New Mexico metros
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$349K home$1,490 rent5.1% yield
▲ 1.5% 1 yr
Las Cruces, NM
$285K home$1,472 rent6.2% yield
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Santa Fe, NM
$549K home$1,953 rent4.3% yield
▲ 0.8% 1 yr
Farmington, NM
$274K home$1,399 rent6.1% yield
▲ 6.8% 1 yr
Hobbs, NM
$197K home$1,469 rent9.0% yield
▲ 3.0% 1 yr
Alamogordo, NM
$230K home$1,524 rent8.0% yield
▼ 1.8% 1 yr
Roswell, NM
$171K home$1,263 rent8.8% yield
▲ 0.4% 1 yr
Carlsbad, NM
$248K home$1,582 rent7.7% yield
▲ 3.1% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.