Foreclosure Homes in Portales, NM

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$83,385 EMV
1 Raven-wood-Portales-NM-88130
As-Is Deal NEW
$242,000 List Price
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Home Value Estimator For Portales, NM

There are currently 524 real estate properties in Portales, NM, with a median automated valuation model (AVM) price of $201,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Portales, NM, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Portales, NM, is $208,588.00, with the most expensive house in Portales, NM, topping out at $832,400.00 and the cheapest home in Portales, NM, clocking in at $21,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Portales, NM!

Rent Prices In Portales, NM

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Portales, NM, is on a rollercoaster ride. The average rent price in Portales, NM, is $1,034.00. Indeed, when looking to rent in Portales, NM, you can expect to pay as little as $540.00 or as much as $1,760.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Portales, NM -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in Portales, NM

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Portales, NM area at Get information on foreclosure homes for rent, how to buy foreclosures in Portales, NM and much more. Save thousands at closing with home foreclosure listings in Portales, NM — up to 75% off market value!

Top Reasons To Live In Portales, NM In 2022

Portales is located in Roosevelt, New Mexico, with an estimated municipal population of 11,610 residents. All of the best foreclosed homes for sale in Portales are located in the following zip code areas on 88130. The estimated population per square kilometer (.62 miles) in Portales is 564.

Cost Of Living In Portales, NM

So, about how much do homes cost in Portales? The most recent median value of resident-owned homes in Portales is 111,752. An estimated 52.2 percent of households in Portales own their homes, with an average family size of 3.38. The median household income in Portales is 37,921, with12 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Portales, the median commute time of resident workers (in minutes) is 14.6. And last, but certainly not least, are you looking for homes to rent in Portales? If so, the average rent price paid by renters in Portales is 776, according to recent statistics.

Diversity And Demographics In Portales, New Mexico

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Portales, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Portales is 26.3, split between 51.3 percent male versus 48.7 female. The percentage of residents who report being married in Portales is 37.9, with an average family size of 3.38.

The percentage of residents who report their race in Portales is as follows:

White 72.9%
Black / African American 4.1%
Asian 0.8%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 5.8%
Other 15.3%

Looking for family-friendly neighborhoods in and/or near Portales? Or maybe you are searching for 55+ active adult communities in and/or near Portales?

The percentage of residents who report their age in Portales is as follows:

Under 10 15.5%
Aged 10-19 14.1%
20s 26.3%
30s 12.3%
40s 7.3%
50s 8.3%
60s 7%
70s 5.2%
80+ 4%

Best Schools In Portales, New Mexico

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Portales with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Portales.

Pros And Cons Of Living In Portales, New Mexico

How do you know that living in -- or moving to -- Portales is right where you need to be? Perhaps you grew up in Portales or already live nearby; therefore, the decision to buy a home in Portales is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Portales for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Portales:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Portales.

Reasons To Move To Portales, New Mexico, In 2022

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Portales can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Portales, meanwhile, can field multiple offers from more qualified buyers.

Portales, NM Foreclosures


Listing types in Portales, NM

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