Home Insurance in Portales, New Mexico
Homes in Portales carry a median value of $133,400 - close to the Roosevelt County median.
The typical home in Portales was built around 1976. About 24% of homes were built before 1960, in line with Roosevelt County (24%). Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Portales, the housing stock is 71% single-family homes, 7% apartments in buildings with 5+ units and 11% mobile or manufactured homes. The rest are 2-4 unit or other housing types. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Portales, about 51% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Portales has an owner-occupancy rate of 48% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.
Most homes in Portales - 65% - are primarily heated with electricity.
Roosevelt County's top FEMA-rated hazard is wildfire (Relatively High), per FEMA's National Risk Index. Roosevelt County had 119 active NFIP flood policies as of September 2026. See the full Roosevelt County home insurance overview for all FEMA hazard ratings and flood coverage details.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in New Mexico carries a statewide average premium of $1,490 per year.
Key figures
| Median home value | $133,400 |
|---|---|
| Median year built | 1976 |
| Owner-occupied share | 48% |
| Share of owner-occupied homes with a mortgage | 51% |
| Top county hazard | Wildfire (Relatively High) |
| Active NFIP policies in Roosevelt County | 119 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)