ZIP 87106 - 860Z200US87106 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 87106, located in the heart of Albuquerque, New Mexico, this demographic and housing snapshot offers a clear picture of the area in 2023. With a diverse population, varied income levels, and a mix of housing options, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 87106 is home to a population of 26,815 residents as of 2023, making it a moderately sized community within the Albuquerque metro area. These residents are distributed across 12,384 households, reflecting a mix of family and individual living arrangements. With 13,893 total housing units in the area, there’s a noticeable gap between occupied and available units, which could signal opportunities for investors or buyers looking for properties in a dynamic market.

Income & Housing Costs

The median household income in ZIP 87106 stands at $51,079, which is indicative of a middle-income community with a range of economic backgrounds. For those eyeing homeownership, the median house value is $332,100, positioning this area as a potentially accessible entry point into the Albuquerque housing market, though prices may vary by neighborhood within the ZIP code. Renters, on the other hand, face a median rent of $904 per month, which is relatively affordable compared to national averages, making this an attractive option for those not ready to buy.

These figures suggest a balanced market where both buying and renting are viable depending on your financial goals. For investors, the combination of moderate home values and rental rates could point to steady demand for both property types.

Race & Ethnicity

ZIP 87106 boasts a diverse demographic makeup, reflective of Albuquerque’s cultural richness. The racial and ethnic composition includes 45.61% White, 38.56% Hispanic, 3.75% Asian, and 2.95% Black residents. This diversity creates a vibrant community atmosphere, which can be a draw for families, businesses, and investors looking to engage with a multicultural population. Understanding this mix can help tailor business offerings or community involvement strategies to resonate with local residents.

Key Facts

• Total population: 26,815 residents in 2023, offering a sizable community for engagement.
• Total households: 12,384, indicating a mix of family and solo living arrangements.
• Total housing units: 13,893, with some vacancy that could signal investment potential.
• Median household income: $51,079, reflecting a middle-income demographic.
• Median house value: $332,100, a moderate entry point for homebuyers in the area.
• Median rent: $904, an affordable option for renters compared to many urban markets.
• Diverse population: 45.61% White, 38.56% Hispanic, 3.75% Asian, and 2.95% Black.

What This Means for You

For homebuyers, ZIP 87106 offers a chance to enter the housing market at a median value of $332,100, which may be more attainable than in pricier nearby areas. The diversity and community size also suggest a welcoming environment for families or individuals seeking a culturally rich place to call home. However, consider the income levels and housing costs to ensure they align with your budget.

For investors and real estate agents, the gap between total housing units (13,893) and households (12,384) hints at potential vacancies or underutilized properties. This could translate into opportunities for rental investments or flips, especially given the reasonable median rent of $904 and steady demand in a diverse, mid-sized community.

For small-business owners, the population of 26,815 and diverse demographic makeup provide a solid customer base to tap into. Tailoring products or services to reflect the cultural mix—particularly the significant Hispanic and White populations—could help build a loyal clientele. The median income of $51,079 also suggests moderate purchasing power to support local businesses.

For analysts, these metrics offer a foundation for deeper research into housing trends, economic stability, and community needs in ZIP 87106. The data points to a balanced market with room for growth, especially in housing utilization.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 87106? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
• Enter any ZIP code to generate a customized report with the latest metrics tailored to your needs as a buyer, investor, or business owner.
• Use the insights to compare areas, spot trends, and make data-driven decisions for your next move or investment.