Portales is beating the current economy in real estate and has stable (though slightly rising) housing prices.
That means great housing prices — currently around $70-75 per square foot for resale homes, and $110-120 per square foot for new properties. The most recent median home value available shows Portales at $130,000 with recent new home sales driving that somewhat higher.
There is plenty of new housing in Portales, as well as charming older, historical homes. Several new subdivisions make Portales #1 in growth among all New Mexico counties. They include Oakwood Manor, Territorial Estates, Ravenwood Estates and Portales HomeSpot North.
Plentiful commercial property is also available, and may even be available at discounted rates for your company! Contact the Roosevelt County Community Development Corporation for more information about incentives for moving your business to Portales.