Portales, NM home prices
Typical home $144,452 · +1.5% in a year · income needed $38,800
The Portales, NM metro area ranks 821 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.5% in a year and +3.9% over five years. With 20% down at 7.11%, the typical home costs about $904 a month including 0.45% property tax (Roosevelt County rate).
Mortgage on the typical Portales home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $28,890 | $115,561 | $777 | $0 | $127 | $904 | $38,800 |
| 10% down | $14,445 | $130,006 | $875 | $54 | $127 | $1,056 | $45,200 |
| 5% down | $7,223 | $137,229 | $923 | $57 | $127 | $1,107 | $47,400 |
| 3.5% down (FHA) | $5,056 | $141,835 | $954 | $64 | $127 | $1,145 | $49,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.45% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Portales area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Roosevelt County, NM | $144,463 | +1.5% | 0.45% |
What can you afford in New Mexico on your salary? · New Mexico home prices · Salaries in New Mexico
Frequently asked questions
How much is a house in Portales?
The typical home in the Portales, NM metro area is worth $144,452 (Zillow, September 2026).
What salary do you need to buy a house in Portales?
About $38,800 a year for the typical home with 20% down at 7.11%.