Red River, NM housing market
The typical Red River home is worth about $418,000, down 0.6% in a year, 31% above the New Mexico typical home.
Home values, sales, trends and how Red River compares with the towns next door — updated as new data is published.
Red River at a glance
Only 3 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2023–2026
Show as a table
| January | Red River | New Mexico |
|---|---|---|
| 2024 | $414,000 | $302,000 |
| 2025 | $418,000 | $313,000 |
| 2026 | $418,000 | $315,000 |
| August 2026 | $418,000 | $318,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,130
HUD's Fair Market Rent for a two-bedroom in Red River is $1,130 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Red River pay a median of $933, so moving in tends to cost more than staying put.
Studio $800 · 4 bedrooms $1,900
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (87556, 87558; Taos County, NM), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.