Red River, NM

This town of 586 residents needs 15 more housing units over the next five years.

Housing snapshot

Population
586 (2026)
Households
337
Median household income
$22,057 (2026)
Typical home value
$435,645
Owner-occupied
13%
Five-year housing need
15 units

Comparison to other New Mexico municipalities

Red River: $22,057 Median income (2026 estimate)
<$22K >$118K
Red River: None jobs to household ratio
<0.13 >2.12
Red River: No permit data
<0.1% >12.6%
On this page

How affordable is this community?

The typical home in Red River, NM is valued at $435,645, well above the New Mexico average of $221,231. Red River, NM's median household income of $22,057 falls well short of what is needed to afford the typical home, leaving a gap of about $77,262.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 337 households, Red River, NM is growing modestly at 1.3% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Red River, NM is relatively mixed, with detached single-family as the most common type at 40%. Red River, NM is a heavily renter-occupied market, with just 13% of households owning their home.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?