Red River, NM

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Red River short-term rental market based on reliable data.

Listings

314 / 592

Reliable / Active

Cap Rate

9%

Middle-Earners Gross Yield

Revenue

$37,685

Middle-Earners Revenue

Occupancy

44%

Middle-Earners Occupancy

Home Value

$416,852

Median Home Sale Price

Top Earners

$74,501

Top-Earners Revenue

Red River

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Red River.

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B

Generally Investor friendly

Red River Regulations

STRs are explicitly permitted in R1A/R3 with a straightforward annual permit ($100), modest inspection costs ($50 biennially), and reasonable fees; clear rules and no reported caps, but local-contact requirements, a 12-hour emergency response duty, and fines create a moderate compliance burden.

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About Red River

Red River is a small alpine village in Taos County, New Mexico, home to roughly 500 year-round residents. Tucked into a narrow valley of the Sangre de Cristo Mountains at about 8,750 feet, the town developed in the late 1800s as a gold and silver mining settlement and has since reinvented itself as a year-round mountain resort. Today it is best known as a family-friendly ski destination and as a convenient base for exploring the surrounding Carson National Forest. The nearest larger community is Taos, about 30 miles to the south, while Santa Fe—the closest major city—lies roughly 130 miles south along the scenic Enchanted Circle drive.

The Red River Ski Area anchors the town's identity, drawing visitors from across the region with a compact, walkable layout that lets skiers step from a rental condo to the chairlift in minutes. The mountain offers terrain for beginners through experts and operates one of the few night-skiing programs in the southern Rockies, helping extend the winter tourism season well into March and April.

Surrounding the village on every side, the Carson National Forest provides a wide spread of year-round outdoor activity. Summer brings hiking, mountain biking, horseback riding, and trout fishing on the Red River and its tributaries, while autumn draws leaf-peepers as the aspens turn gold across the high country. The forest's trail network, including segments of the Enchanted Circle Byway and routes toward the Wheeler Peak Wilderness, gives visitors a reason to return in every season.

A short drive to the southwest leads to Wheeler Peak, which at 13,167 feet is the highest point in New Mexico. The trail to its summit begins in the Taos Ski Valley area and is one of the most popular high-altitude day hikes in the southern Rockies, while the surrounding wilderness offers alpine lakes and scenic backcountry for less ambitious visitors seeking a cooler escape from the lowland heat of midsummer.

For short-term rental investors, Red River's combination of a tiny year-round population, a strong seasonal visitor base, and easy access to both the ski mountain and the broader Carson National Forest makes it a market that performs across multiple seasons rather than leaning on a single winter peak.

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