Portales, NM housing market
The typical Portales home is worth about $139,000, up 0.7% in a year, 56% below the New Mexico typical home. Homes typically sell in 48 days.
Home values, sales, trends and how Portales compares with the towns next door — updated as new data is published.
Portales at a glance
A seller's market
Supply is tight — about 2.2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Portales | New Mexico |
|---|---|---|
| 2017 | $126,000 | $178,000 |
| 2018 | $125,000 | $184,000 |
| 2019 | $131,000 | $193,000 |
| 2020 | $133,000 | $205,000 |
| 2021 | $136,000 | $229,000 |
| 2022 | $134,000 | $263,000 |
| 2023 | $138,000 | $287,000 |
| 2024 | $140,000 | $302,000 |
| 2025 | $142,000 | $313,000 |
| 2026 | $140,000 | $315,000 |
| August 2026 | $139,000 | $318,000 |
2.7 years of income
The typical Portales home costs about 2.7 years of the town's median household income, less than across New Mexico (5 years).
How Portales ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Recent listings in Portales
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.