Portales, NM Real Estate
According to census data in the year 2000 there were 4,832 housing units in Portales.
This represents a 13% growth from 4,277 in 1990.
Of those housing units, 4,772 were located in either urbanized areas or urban clusters, and 60 were located in what is classified as a rural area.
Homeownership rate in Portales is about 54.7%.
Portales's vacancy rate, including seasonal lodging, is about 14.2%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Portales were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 15.10% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 43.10% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 0.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $52,300 |
| Median Price asked for vacant units | $45,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $316 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.70% |
| Home Equity Loan | 1.50% |
| Simple Mortgage | 53.60% |
| Debt Free | 43.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
