The housing market in the Portales, NM Metro Area is relatively strong compared to the rest of the United States. The median value of a house in Portales, NM is $123,400, while the median value of a house in the United States is $338,100. House appreciation over the last year has also been higher in Portales than it has been nationwide. In particular, homes in Portales have appreciated by 13.83%, compared to 8.27% appreciation across the country as a whole. Thus, for those looking for an affordable home with potential for growth and appreciation, Portales should be considered as a viable option for purchase or investment.
The median home cost in Portales Metro Area is $123,400. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Portales Metro Area is up 12.5%.
Average Age of Homes
- The median age of Portales Metro Area real estate is 40 years old
The Rental Market in Portales Metro Area
- Renters make up 35.6% of the Portales Metro Area population
- 4.3% of houses and apartments in Portales Metro Area, 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.