ZIP Code · NM

ZIP 88130

Part of Portales, NM

Pop. 17,842·Roosevelt County·34th most expensive ZIP in New Mexico

Median rent (all units)

$1,008/mo

Year-over-Year

+6.9%

Month-over-Month

+1.7%

vs US Median

-$924

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 88130 · $1,008

More affordable than 98% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$730

1 BR

$780

2 BR

$980

3 BR

$1,360

4 BR+

$1,640

Research median

$980/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 88130 is at its highest level since Zillow's records here began in May 2023.

Past year vs. the rest of New Mexico

Rent in ZIP 88130 changed +6.9% over the year to September 2026. Across the 32 New Mexico ZIP codes Zillow tracks, the typical change was +3.2%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($52,434) is $1,311 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($980); a 3-bedroom is $1,360.

From Zillow's monthly rent index (ZORI) for ZIP 88130. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$12,096/yr

At $1,008/mo median

Location

CityPortales

StateNM

CountyRoosevelt County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 6.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+6.9% YoY, +1.7% MoM), not inventory.

Demographics

Who lives here

ZIP 88130 (Portales, NM) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 21.4% of residents hold a bachelor's degree or higher.

Population

17,842

Median income

$52,434

Median age

Renters

40.6%

Age distribution

25.4%

29.3%

21.8%

14.1%

Under 1825.4%

18–3429.3%

35–5421.8%

55–649.4%

65+14.1%

Gender

50.6%

49.4%

Male50.6%

Female49.4%

Race & ethnicity

61.5%

45.9%

White61.5%

Black0.7%

Hispanic45.9%

Asian0.7%

Education (25+)

13.6%

28.4%

36.6%

21.4%

No HS diploma13.6%

HS diploma28.4%

Some college36.6%

Bachelor's+21.4%

Housing tenure

59.4%

40.6%

Owner59.4%

Renter40.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 88130 in Portales, NM has changed in 5 years

Income

$47,694 → $52,434

up 9.9%

Population

17,795 → 17,842

up 0.3%

Renter share

41.3% → 40.6%

-0.7 pts

Bachelor's+

22% → 21.4%

-0.6 pts

Local incomes tracked alongside that move, going from a median of $47,694 in 2021 to $52,434 more recently.

Community

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Local insights

Tips for renters in ZIP 88130

About renting in ZIP 88130

Last updated: October 17, 2026

ZIP code 88130 covers Portales, NM. The median rent here is $1,008/mo as of October 2026. A 1-bedroom rents for a median of $780/mo. A 2-bedroom rents for a median of $980/mo.

At 23% of local median household income ($52,434/yr), ZIP 88130 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 88130?

To keep rent at or below 30% of gross income, you would need to earn at least $40,000/year (about $19/hour full-time) to afford the median rent of $1,008/mo in ZIP 88130. The local median household income is $52,434/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 88130?

Rent in ZIP 88130 has risen 6.9% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2023.

How does ZIP 88130 compare to other ZIPs in New Mexico?

ZIP 88130 is one of the more affordable among New Mexico ZIP codes for rent, ranking #34 of 36 at $1,008/mo. Over the year to September 2026, rent in ZIP 88130 changed +6.9%, against a typical +3.2% across the 32 New Mexico ZIP codes Zillow tracks.