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Foreclosure Homes in Portales, NM

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Portales, NM Foreclosures

How much do homes sell for in Portales, NM?
The average home price is currently $155,458.
In Portales, NM, how many homes are available?
There are currently 22 active home listings available in Portales.
What’s the average rental cost in Portales, NM?
The average rental price in Portales is $882.
What is the most expensive home in Portales?
The most expensive home sold in Portales had a price of $3,764,926.
What is currently the cheapest priced home in Portales, NM?
The cheapest home for sale in Portales is priced at $16,661.

Living in Portales, NM

Portales, NM is a charming small town that offers a peaceful lifestyle with a strong community spirit. Residents enjoy ample amenities, outdoor recreational opportunities, and a robust educational system. It is an excellent location for families and individuals looking for a welcoming environment.

Current Market Conditions in Portales, NM

The real estate market in Portales is currently stable, demonstrating steady growth in property values. Investors can find value in affordable housing options, along with possibilities for rental income due to an increasing demand for housing in the area.

With the local economy showing signs of improvement and the community continuously investing in infrastructure, the market conditions are favorable for new real estate investments.

Home Value Estimator For Portales, NM

There are currently 5,900 real estate properties in Portales, NM, with a median automated valuation model (AVM) price of $128,315.00. 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 $155,458.00, with the most expensive house in Portales, NM, topping out at $3,764,926.00 and the cheapest home in Portales, NM, clocking in at $16,661.00. 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 $882.00. Indeed, when looking to rent in Portales, NM, you can expect to pay as little as $520.00 or as much as $1,760.00, with the average rent median estimated to be $840.00. 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.

Portales, NM Foreclosures


Market Trend for Portales, NM

Total Listings Available: 22

Market Values:

Home Prices from $16,661 to $3,764,926

Average Sales Price: $155,458

Rental Values:

Rental from $520 to $1,760

Average Rent Value: $882 / month

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