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.


Housing Size

Housing Units by Size
Studio Type2.40%
One Bedroom15.10%
Two Bedrooms31.90%
Three Bedrooms43.10%
Four Bedrooms7.10%
Five Bedrooms or more0.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1963
Median Value of occupied units$52,300
Median Price asked for vacant units$45,900

Rented Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1968
Median Monthly Rent asked for vacant units$316

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.70%
Home Equity Loan1.50%
Simple Mortgage53.60%
Debt Free43.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%