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Portales, NM Home Values and Rents
The typical home value in Portales is $134,876, 109th highest of 150 cities and towns in New Mexico. Median rent is $1,008 a month.
- Typical home value
- $134,876
- 109th of 150 in NM
- Median rent
- $1,008/mo
- Zillow observed rent
- Price change, 1 year
- +0.5%
- Sep 2026
- Homeownership
- 47.6%
- NM: 70.0%
Typical home value in Portales
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Portales |
|---|---|
| Sep 2026 | $134,876 |
| Dec 2025 | $135,765 |
| Dec 2024 | $138,399 |
| Dec 2023 | $136,304 |
| Dec 2022 | $135,581 |
| Dec 2021 | $129,943 |
| Dec 2020 | $133,874 |
| Dec 2019 | $129,982 |
| Dec 2018 | $127,507 |
| Dec 2017 | $121,332 |
| Dec 2016 | $124,121 |
| Dec 2015 | $142,845 |
| Dec 2014 | $148,419 |
| Dec 2013 | $144,580 |
| Dec 2012 | $144,848 |
Over five years, Portales prices changed +4.3%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Roosevelt County, NM
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $807 | +11.3% |
| 1 bedroom | $818 | +6.0% |
| 2 bedrooms | $1,014 | +4.0% |
| 3 bedrooms | $1,404 | +3.5% |
| 4 bedrooms | $1,695 | +3.6% |
Frequently asked questions
- What is the typical home value in Portales, NM?
- The typical home value in Portales is $134,876 (Zillow Home Value Index, Sep 2026). The New Mexico median is $248,100.
- How much is rent in Portales?
- The median rent in Portales is $1,008 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Portales?
- The typical home value in Portales changed +0.5% over one year and +4.3% over five years, as of Sep 2026.
- How does Portales compare with the rest of New Mexico?
- Portales has the 109th highest median home value of 150 cities and towns with 1,000+ residents in New Mexico.