The housing market in Red River, NM is booming! The median value of homes is currently at $317,600, which is lower than the US house median value of $338,100. However, the one-year house appreciation rate for homes in Red River is 15.22%, much higher than the national average of 8.27%. This suggests that now is an excellent time to invest in real estate in Red River as the housing market is growing rapidly and prices are going up.
The median home cost in Red River is $317,600. Home appreciation the last 10 years has been 87.6%. Home Appreciation in Red River is up 15.7%.
Average Age of Homes
- The median age of Red River real estate is 37 years old
The Rental Market in Red River
- Renters make up 13.3% of the Red River population
- 15.9% of houses and apartments in Red River, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.