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These days, finding an affordable place to live in the Red River area can be challenging. Home prices in Red River are now at a median cost of $332,809, higher than the New Mexico average of $265,486.
The average cost of rent is $916/mo in Red River, primarily driven by the current value of real estate in the Red River area. In Red River, 28.57% of households rent, and 40.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red River is $6,715 per month. Households that rent pay about 13.63% of their income on rent here. Red River’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Taos Ski Valley, NM: higher priced homes
- Questa, NM: less expensive homes
- Cerro, NM: equally priced homes
- Amalia, NM: less expensive homes
- Tres Piedras, NM: equally priced homes
- Raton, NM: less expensive homes
- Ensenada, NM: less expensive homes
- Tierra Amarilla, NM: less expensive homes
- Los Ojos, NM: less expensive homes
- Chama, NM: less expensive homes
Cities with Similar Populations
- Langlois, OR: less expensive homes
- Rushmere, VA: equally priced homes
- Rushford, NY: less expensive homes
- Rowe, MA: less expensive homes
- Abbott, TX: less expensive homes
- Lewellen, NE: less expensive homes
- Levasy, MO: higher priced homes
- Leslie, AR: less expensive homes
- Lengby, MN: less expensive homes
- Leipers Fork, TN: higher priced homes
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