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Portales, NM Housing

 
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As of 2010-2014, median price of a house in Portales is $111,700, which is lower than the state average of $159,300 and is lower than the national average of $175,700. The Portales median house value has grown by 113.58% since 2000. The growth rate for the price of a house in Portales is much higher than the state average rate of 47.36% and is much higher than the national average rate of 46.91%. The median year that a house in Portales was built is 1972, which is older than the median year for a house built in the state which is 1981 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,301 Owner Occupied Houses in Portales, NM, #166
Portales, NM
111,700 USD
New Mexico
159,300 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #21
Portales, NM
113.58%
New Mexico
47.36%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Portales, NMNew MexicoU.S.
Total Housing Units4,901, see rank, 100%907,233132,741,033
Occupied Housing Units4,387, 89.51%, see rank84.29%87.55%
Owner Occupied2,301, 46.95%, see rank57.46%56.34%
Renter Occupied2,086, 42.56%, see rank26.83%31.21%
Vacant Housing Units514, 10.49%, see rank15.71%12.45%
For Rent150, 3.06%, see rank2.38%2.34%
For Sale Only91, 1.86%, see rank1.36%1.20%
Rented or Sold, Not Occupied57, 1.16%, see rank0.84%0.92%
For Seasonal, Recreational, or Occasional Use12, 0.24%, see rank5.69%3.97%
For Migrant Workers0, 0.00%, see rank0.11%0.03%
Other Vacant204, 4.16%, see rank5.34%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #307
Portales, NMNew MexicoU.S.
197219811976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Portales, NM%New MexicoU.S.
Owner-Occupied Units2,301100%521,27874,787,460
With a Mortgage1,34158.28%, see rank58.53%65.58%
Without a Mortgage96041.72%, see rank41.47%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Portales, NM
1,027 USD
New Mexico
1,242 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsPortales, NM%New MexicoU.S.
$299 or Less00.00%, see rank0.22%0.20%
$300 to $499473.50%, see rank2.56%1.59%
$500 to $69927120.21%, see rank8.36%5.01%
$700 to $99930522.74%, see rank20.68%14.32%
$1,000 to $1,49962046.23%, see rank34.20%27.90%
$1,500 to $1,999624.62%, see rank18.89%20.35%
$2,000 to $2,999221.64%, see rank11.36%19.52%
$3,000 or More141.04%, see rank3.72%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Portales, NM
21.50% of the Total Income
New Mexico
23.20% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Portales, NM%New MexicoU.S.
10% or Less1067.90%, see rank7.26%5.86%
10% to 20%50037.29%, see rank32.85%31.95%
20% to 30%47035.05%, see rank25.70%27.64%
30% to 40%947.01%, see rank12.87%13.74%
40% or More17112.75%, see rank20.48%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Portales, NM
285 USD
New Mexico
324 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsPortales, NM%New MexicoU.S.
$199 or Less16216.88%, see rank19.60%7.76%
$200 to $29939841.46%, see rank24.69%14.70%
$300 to $49933534.90%, see rank37.15%34.63%
$500 to $699282.92%, see rank12.63%21.16%
$700 or More373.85%, see rank5.93%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Portales, NM
10.60% of the Total Income
New Mexico
10.00% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Portales, NM%New MexicoU.S.
10% or Less44646.46%, see rank49.80%40.19%
10% to 20%24825.83%, see rank27.25%31.47%
20% to 30%14314.90%, see rank9.72%12.24%
30% to 40%616.35%, see rank4.52%5.64%
40% or More414.27%, see rank6.81%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Portales, NMNew MexicoU.S.
Total Housing Units4,901, 100%907,233132,741,033
1-unit, Detached3,573, 72.90%, see rank64.81%61.65%
1-unit, Attached14, 0.29%, see rank3.71%5.82%
2 Units208, 4.24%, see rank1.92%3.75%
3 or 4 Units459, 9.37%, see rank3.65%4.43%
5 to 9 Units171, 3.49%, see rank2.72%4.78%
10 or More Units107, 2.18%, see rank6.53%13.08%
Mobile Home, Boat, RV, Van, etc.369, 7.53%, see rank16.67%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Portales, NMNew MexicoU.S.
Total Housing Units4,901, 100%907,233132,741,033
1 Room115, 2.35%, see rank2.62%1.95%
2 Rooms80, 1.63%, see rank2.34%2.48%
3 Rooms362, 7.39%, see rank7.65%9.13%
4 Rooms762, 15.55%, see rank17.57%16.60%
5 Rooms1,272, 25.95%, see rank24.59%20.41%
6 Rooms929, 18.96%, see rank20.08%18.06%
7 Rooms569, 11.61%, see rank12.20%12.27%
8 Rooms406, 8.28%, see rank6.66%8.48%
9 Rooms or More406, 8.28%, see rank6.29%10.60%
Median Rooms5.40, see rank5.305.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Portales, NMNew MexicoU.S.
Total Housing Units4,901, 100%907,233132,741,033
No Bedroom142, 2.90%, see rank2.87%2.17%
1 Bedroom477, 9.73%, see rank9.24%11.16%
2 Bedrooms1,341, 27.36%, see rank25.66%26.69%
3 Bedrooms2,359, 48.13%, see rank46.23%39.70%
4 Bedrooms547, 11.16%, see rank13.82%16.05%
5 or More Bedrooms35, 0.71%, see rank2.18%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Portales, NMNew MexicoU.S.
Total Housing Units4,387, 100%764,684116,211,092
Utility Gas1,932, 44.04%, see rank66.93%48.85%
Bottled, Tank, or LP Gas32, 0.73%, see rank8.60%4.86%
Electricity2,320, 52.88%, see rank16.11%36.68%
Fuel Oil, Kerosene, etc.0, 0.00%, see rank0.13%5.86%
Coal or Coke0, 0.00%, see rank0.04%0.12%
Wood95, 2.17%, see rank6.80%2.12%
Solar Energy0, 0.00%, see rank0.26%0.05%
Other Fuel8, 0.18%, see rank0.94%0.47%
No Fuel Used0, 0.00%, see rank0.19%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalPortales, NMNew MexicoU.S.
Occupied Units Paying Rent1,979, 100%224,78639,201,928
$199 or Less31, 1.57%, see rank1.92%1.50%
$200 to $299135, 6.82%, see rank3.59%3.18%
$300 to $499386, 19.50%, see rank11.64%7.37%
$500 to $699480, 24.25%, see rank23.80%16.01%
$700 to $999641, 32.39%, see rank31.60%29.17%
$1,000 to $1,499288, 14.55%, see rank21.59%26.88%
$1,500 to $1,99918, 0.91%, see rank4.42%9.79%
$2,000 or More0, 0.00%, see rank1.44%6.10%
Median$685, see rank$774$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Portales, NMNew MexicoU.S.
Occupied Housing Units4,387, 100%764,684116,211,092
No Vehicles Available407, 9.28%, see rank5.73%9.12%
1 Vehicles Available1,487, 33.90%, see rank33.48%33.80%
2 Vehicles Available1,726, 39.34%, see rank37.82%37.48%
3 or More Vehicles Available767, 17.48%, see rank22.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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