Portales, NM is a desirable place to live due to its affordable housing prices. The median value of houses in Portales is currently $124,900 which is significantly lower than the US median value of $338,100. Despite its lower prices, house appreciation in Portales has been especially strong over the past year with an increase of 9.54%, higher than the US average of 8.27%. This makes for an ideal time to invest in a house in Portales as not only are costs relatively low but also offer excellent opportunities for appreciation in the future.
The median home cost in Portales is $124,900. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Portales is up 12.5%.
Average Age of Homes
- The median age of Portales real estate is 43 years old
The Rental Market in Portales
- Renters make up 42.6% of the Portales population
- 5.9% of houses and apartments in Portales, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.