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Real Estate Prices & Overview

Portales North median real estate price is $104,342, which is less expensive than 91.2% of New Mexico neighborhoods and 94.8% of all U.S. neighborhoods.

The average rental price in Portales North is currently $1,341, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 66.4% of New Mexico neighborhoods.

Portales North is a suburban neighborhood (based on population density) located in Portales, New Mexico.

Portales North real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Portales North neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Portales North. The current real estate vacancy rate here is 21.0%. This is higher than the rate of vacancies in 88.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Portales North neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Portales North neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 73.2% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 99.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Occupations

With 5.8% of employed workers living in the Portales North neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.9% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

There is an especially high percentage of incarcerated people (1.6%) living in the Portales North neighborhood.

Diversity

Did you know that the Portales North neighborhood has more Mexican and British ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 54.0% of this neighborhood's residents have Mexican ancestry and 2.1% have British ancestry.

Portales North is also pretty special linguistically. Significantly, 0.9% of its residents five years old and above primarily speak Native American languages at home. While this may seem like a small percentage, it is higher than 97.0% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Portales North neighborhood in Portales are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.8% of U.S. neighborhoods. With 25.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.3% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Portales North neighborhood, 33.5% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 32.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (16.7%), and 15.5% in executive, management, and professional occupations.

Languages

The most common language spoken in the Portales North neighborhood is English, spoken by 66.9% of households. Some people also speak Spanish (33.1%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Portales North neighborhood in Portales, NM, residents most commonly identify their ethnicity or ancestry as Mexican (54.0%). There are also a number of people of Italian ancestry (8.4%), and residents who report Irish roots (7.3%), and some of the residents are also of English ancestry (5.1%), along with some French ancestry residents (3.8%), among others. In addition, 13.6% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Portales North neighborhood spend under 15 minutes commuting one-way to work (73.2% of working residents), one of the shortest commutes across America.

Here most residents (85.9%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (11.7%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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