ZIP 87108 - 860Z200US87108 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in Albuquerque, New Mexico, understanding the demographics and housing landscape of ZIP code 87108 can provide valuable clarity. This area, located in the heart of the city, offers a diverse community and a range of housing options. Using the latest 2023 data, this snapshot breaks down population stats, income levels, housing costs, and ethnic composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 87108 unique and how it might align with your goals.

Population & Households

ZIP code 87108 is home to a population of 35,985 residents, making it a moderately sized community within Albuquerque. These individuals are distributed across 17,332 households, reflecting a mix of family and individual living arrangements. With 19,153 total housing units in the area, there’s a noticeable number of vacant or seasonal properties, which could signal opportunities for investors or buyers looking for availability. The ratio of households to population suggests an average household size of just over two people, pointing to a blend of smaller families or solo dwellers alongside larger households.

Income & Housing Costs

Financial metrics are critical when evaluating a ZIP code for relocation or investment. In 87108, the median household income stands at $39,578, which is relatively modest compared to national averages. This figure suggests that affordability may be a key consideration for residents and businesses catering to local consumers. On the housing front, the median home value is $227,600, offering a potentially accessible entry point for first-time buyers or investors seeking properties below the national median. For renters, the median rent is $828 per month, which aligns with the area’s income levels and could appeal to those seeking budget-friendly housing options. These numbers highlight 87108 as a cost-effective area with room for growth.

Race & Ethnicity

Diversity is a defining feature of ZIP code 87108, with a rich cultural tapestry reflected in its racial and ethnic composition. The largest demographic group is Hispanic, accounting for 49.08% of the population, followed by White residents at 33.79%. Black residents make up 4.81% of the community, while Asian residents represent 2.57%. This blend of backgrounds creates a vibrant, multicultural environment that can be a draw for families, businesses, and investors looking to engage with a diverse customer or client base. Understanding this mix can help tailor services, marketing, or community involvement to resonate with local residents.

Key Facts

• Total population in ZIP 87108: 35,985 residents.
• Total households: 17,332, with an average size of just over 2 people.
• Total housing units: 19,153, indicating some vacancy or seasonal properties.
• Median household income: $39,578, reflecting a modest economic base.
• Median home value: $227,600, potentially attractive for buyers and investors.
• Median rent: $828, offering affordable rental options.
• Ethnic diversity: 49.08% Hispanic, 33.79% White, 4.81% Black, 2.57% Asian.

What This Means for You

For homebuyers, ZIP 87108 presents an opportunity to purchase at a median value of $227,600, which could be within reach for first-time buyers or those seeking affordability in Albuquerque. The rental market, with a median of $828, also supports those not ready to buy. Real estate investors and agents might find value in the gap between total housing units and occupied households, suggesting potential for flipping properties or catering to seasonal renters. The area’s diversity and moderate income levels indicate a need for tailored marketing to connect with varied demographics. Small-business owners can leverage the multicultural community and lower income base to offer value-driven products or services, while the population size supports a decent local customer pool. Analysts can use these metrics to benchmark 87108 against other ZIP codes for broader market trends or investment potential. This area’s affordability and diversity are assets if aligned with your objectives.

Run This Study Yourself

Curious to explore ZIP 87108 further or compare it with another area? Dig into the data on your own with these simple steps:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter ZIP code 87108 or any other ZIP to pull up the latest stats and insights.
• Use the platform to customize your research and uncover trends that matter to your goals.