Housing costs in Red River?
A typical home costs
$427,900, which is 26.6% more expensive than the national average of
$338,100 and 60.2% more expensive than the average New Mexico home, at
$267,100. Renting a two-bedroom unit in Red River costs
$940 per month, which is 7.8% cheaper than the national average of
$1,020 and close to the state average of
$940.
Can I afford Red River?
To live comfortably in Red River (zip 87558), New Mexico, a minimum annual income of
$82,080 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Red River?
The cost of living in 87558 Red River, NM is quite reasonable. The median home value is around $160,000, which is much lower than the national average. In addition, the median household income is just below $50,000, which makes living in this area affordable for many families. Groceries are also reasonably priced and there are plenty of restaurants and stores nearby. Property taxes are low as well. All these factors combined make 87558 Red River a great place to live that isn't too expensive.