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Red Lake

Learn about the people, housing, costs and businesses in Red Lake, Arizona

Median Home$479,674
Median Rent$1,456/month
Population1,818
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing15% information & media
Home Value Growth+8.5% over 2 years
Retirees29% of residentswell above average
Homeowners94% of occupied units
NotableTransit90/100 · excellent transit access
NotableVeteran Community13% of residents · top 4% nationally
Red Lake
AZ

Frequently Asked Questions

What are today's mortgage rates in Red Lake?

As of today, the 30-year fixed mortgage rate for Red Lake is approximately 6.868% (6.903% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Red Lake?

The median home value in Red Lake is $480k. The median monthly rent is $1,456. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Red Lake?

Home values in Red Lake have increased 8.5% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Red Lake?

Based on a typical all-in ownership cost of $913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Red Lake is $92k/year.

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What industries drive the economy in Red Lake?

The largest employment sectors in Red Lake are public administration (21%) and information and media (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.