Home prices
The median home price in Portales is $116,200. Compared to other places in this area this is roughly $32,600 (38%) higher.It is about $101,300 (46%) lower compared to the rest of the nation, and compared to the city of Clovis it is roughly $9,400 (7%) lower.
Rents
The median monthly rent in Portales is $776. Compared to other places in this area this is approximately $81 (11%) higher.Compared to the rest of the nation it is roughly $286 (26%) lower, and it is about $46 (5%) lower in comparison to the city of Clovis.
Nearby places
Texico
Texico is approximately 21 miles northeast of Portales. The housing prices there are a lot less expensive. The median home value in Texico is $87,200, which is $29,000 (33%) lower than Portales. Rent there is pretty similar. In Texico the median monthly rent is $798, which works out to $22 (2%) higher than Portales.
Farwell
Farwell is about 22 miles northeast from Portales. Real estate prices there are somewhat less expensive. The median home in Farwell costs $103,600, which comes out to $12,600 (12%) lower than Portales. Rents there are somewhat less expensive. The median monthly rent in Farwell is $678, which comes out to $98 (14%) lower than Portales.
Melrose
Melrose is roughly 23 miles northwest from Portales. Its housing prices are a lot less expensive. The median home in Melrose costs $82,300, which comes out to $33,900 (41%) lower than Portales. Its rents are a bit less expensive. The median rent in Melrose is $642 per month, which works out to $134 (20%) lower than Portales.
Muleshoe
Muleshoe is roughly 31 miles east of Portales. Its real estate prices are significantly less expensive. The median home in Muleshoe costs $67,000, which works out to $49,200 (73%) lower than Portales. Rents there are somewhat less expensive. Muleshoe's median monthly rent is $691, which comes out to $85 (12%) lower than Portales.
Bovina
Bovina is about 34 miles northeast from Portales. Its housing prices are a lot less expensive. Bovina's median home price is $77,900, which works out to $38,300 (49%) lower than Portales. Rent there is a little less expensive. The median rent in Bovina is $666 a month, which works out to $110 (16%) lower than Portales.
