Portales, NM Housing Market

$131,905

2.1% 1-yr

The average Portales, NM home value is $131,905, down 2.1% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Portales Key Takeaways

Typical Home Values: $131,905

1-year Value Change: -2.1%

(Data through August 31, 2025)

Portales Housing Market Overview

--1-year Market Forecast

79For sale inventory(August 31, 2025)

17New listings(August 31, 2025)

--Median sale to list ratio

--Median sale price(July 31, 2025)

$212,500Median list price(August 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Portales

NameMedian ZHVI
Carlisle$212,838
Westchester$218,366
Shadow Hills$211,096
Northridge$190,114
North By Northwest$179,638
West End$150,540
Bowie$193,439
Wester$154,712
Coronado Area$216,597

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Portales Homes for Sale

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Portales Rental Market Trends

$967Average rent in Portales(August 31, 2025)

$2,007National average rent(August 31, 2025)

0.2%Month-over-month change(August 31, 2025)

3.9%Year-over-year change(August 31, 2025)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.