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📍 Red River, NM · Zillow ZHVI · July 2026

Average Home Price in
Red River, NM

Taos, NM metro area · Taos County County

Median Home Value
$410,444
↓ 1.8% year-over-year
vs. National Median
$410,000
Red River is 0% above
Est. Monthly Payment
$2,141/mo
20% down · 6.8% rate
Income Needed
$109K
gross annual (30% rule)
Median Home Value
$410,444
↓ 1.8% year-over-year
Down Payment (20%)$82,089
Monthly P&I$2,141/mo
With Taxes & Ins.~$2,719/mo
Income Needed$108,760/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Red River, NM

The median home value in Red River, NM is $410,444 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.8% compared to a year ago and down 0.2% from two years prior.

Compared to the U.S. national median of $410,000, homes in Red River are priced0% above average. Red River is part of the Taos, NM metro area.

City Comparison

Red River vs. National Median

🏠 Red River
$410,444
National Median
$410,000

At $410,444, homes in Red River cost 0% above the national median of $410,000. Buyers in Red River should expect to pay a premium compared to most U.S. markets.

Affordability

What Does It Cost to Buy in Red River?

20% Down Payment
$82,089
on $410,444
Monthly P&I
$2,141/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,719/mo
incl. taxes & insurance
Income Needed
$108,760
gross annual (30% rule)
10% Down Option
$41,044
+ PMI applies
Loan Amount (20% dn)
$328,355
at current rates

Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.

FAQ

Frequently Asked Questions

What is the average home price in Red River, NM?
The median home value in Red River is $410,444 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.8% year-over-year.
How much have home prices changed in Red River?
Over the past year, home values in Red River have decreased by 1.8%.
How much do I need to earn to buy a home in Red River?
To comfortably afford the median home price of $410,444 with a 20% down payment ($82,089) at today's rates (6.8%), you'd need a gross annual income of approximately $108,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Red River compare to the national average home price?
The national median home value is approximately $410,000. At $410,444, homes in Red River are 0% above the national average.
What metro area is Red River part of?
Red River is part of the Taos, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.