Portales, NM Housing Market

$131,916

2.1% 1-yr

The average Portales, NM home value is $131,916, 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: $131,916

1-year Value Change: -2.1%

(Data through November 30, 2025)

Portales Housing Market Overview

--1-year Market Forecast

86For sale inventory(November 30, 2025)

14New listings(November 30, 2025)

--Median sale to list ratio

--Median sale price(October 31, 2025)

$203,333Median list price(November 30, 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$214,898
Westchester$218,831
Shadow Hills$207,620
Northridge$187,511
North By Northwest$179,709
West End$149,540
Bowie$192,913
Wester$152,283
Coronado Area$214,614

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Portales Homes for Sale

View Portales listings

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Portales Rental Market Trends

$995Average rent in Portales(November 30, 2025)

$1,925National average rent(November 30, 2025)

-0.7%Month-over-month change(November 30, 2025)

3.6%Year-over-year change(November 30, 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.