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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Red River, NM Housing Affordability Index

Red River, New Mexico has an MBR Housing Affordability Index score of 62.2 (Significantly Less Affordable) as of October 30, 2026, ranking 147th most affordable of 147 scored New Mexico cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $427,500 home with 20% down, the New Mexico average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $2,334, or 125% of the city’s $22,384 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Red River is updated every night from live New Mexico mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Red River MBR-HAI 62.2 Significantly Less Affordable
Rank in New Mexico 147 of 147 1 = most affordable
New Mexico 112.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% New Mexico lenders
Median home value $427,500 U.S. Census Bureau

Red River is 49.8 points below the New Mexico score. Scores as of October 30, 2026. See the New Mexico index

View Red River Mortgage Rates

What It Takes to Buy in Red River

$2,334/mo
Principal & Interest
Median home, 20% down, 7.26%
$100,000
Income Needed
To keep the payment at 28% of income
$22,384
Median Household Income
New Mexico: $64,059
19.1x
Price-to-Income Ratio
New Mexico: 3.9x
$808/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,467/yr
Median Property Tax
New Mexico figure
49.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
82.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Red River, New Mexico. The rate is the New Mexico average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Red River Ranks in New Mexico

Cities with similar scores
#144Los Ranchos de Albuquerque73.4 #145Tesuque72.4 #146Navajo Dam64.0
#147Red River62.2
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Cite the Red River Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Red River, New Mexico score: 62.2 (Significantly Less Affordable), ranked 147 of 147 New Mexico cities. monitorbankrates.com/housing-affordability-index/new-mexico/red-river”