The housing market in 88130 Portales, NM is vibrant. The median value of homes in this area is currently $120,000, a significantly lower figure than the US house median value of $338,100. However, the one year house appreciation rate in this location is 9.54%, which is higher than the national rate of 8.27%, indicating that this region is an attractive place to purchase real estate. This indicates that buying property in 88130 Portales, NM can be a great investment with potential for future growth and appreciation.
The median home cost in Portales (zip 88130) is $120,000. Home appreciation the last 10 years has been 56.6%. Home Appreciation in Portales (zip 88130) is up 12.5%.
Average Age of Homes
- The median age of Portales (zip 88130) real estate is 39 years old
The Rental Market in Portales (zip 88130)
- Renters make up 36.7% of the Portales (zip 88130) population
- 4.7% of houses and apartments in Portales (zip 88130), 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.