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Portales city, NM

ZIP 88130 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88130

Median Home Value
$136,600
Median Rent
$700
Affordability Snapshot
$38,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$877/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88130 in Portales city, NM, a household would need roughly $38,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $877. That sits below the local median household income ($52,420), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 15% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
61.2%-6% vs US avg
x
Vacancy Rate
15.0%+45% vs US avg
x
Broadband Access
85.6%-2% vs US avg
x
4+ Bedrooms
1.0%-93% vs US avg
x
Built Pre-1939
4.9%-62% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
13.6%-73% vs US avg
x
Mortgage-Free
47.5%+24% vs US avg
x
$136,600
Home Value
$700
Rent
1980
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.1%
  • 1-unit attached1.2%
  • 2-9 units9.2%
  • 10+ units2.3%
  • Mobile home & other18.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$136,600
Median rent$700
Owner-occupied61.2%
Vacant15.0%
Price-to-income2.6x
Est. income to buy$38,000