ZIP 87109 - 860Z200US87109 — 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 87109 can provide valuable clarity. This area, part of the vibrant Albuquerque metro region, offers a mix of residential and commercial potential. With a population of over 39,000 and a diverse community, ZIP 87109 presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, this snapshot breaks down key metrics to help you make informed decisions about living, investing, or operating in this area.

Population & Households

ZIP code 87109 is home to a population of 39,323 residents, making it a moderately sized community within the Albuquerque area. These individuals are distributed across 19,258 households, reflecting a balance of family and individual living arrangements. The total number of housing units stands at 20,826, indicating a slight surplus of available properties relative to occupied households. This could suggest opportunities for prospective buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

The median household income in ZIP 87109 is $56,295, which provides a solid economic foundation for many residents. This income level supports a housing market where the median home value is $298,300—a figure that positions the area as relatively affordable compared to national averages in many urban markets. For renters, the median rent is $1,112 per month, offering a more accessible entry point for those not ready to buy. These figures suggest that ZIP 87109 can cater to a range of budgets, whether you’re looking to purchase a home, invest in property, or establish a business with a local customer base.

Race & Ethnicity

The demographic makeup of ZIP 87109 reflects a diverse community, which can be a draw for those seeking an inclusive environment. The racial and ethnic composition includes 47.28% White, 36.13% Hispanic, 3.47% Black, and 3.05% Asian residents, among others. This diversity not only enriches the cultural fabric of the area but also offers businesses and investors a broad customer base with varied needs and preferences. Understanding this mix can help tailor services, marketing strategies, or community engagement efforts to resonate with local residents.

Key Facts

• Total population: 39,323 residents in ZIP 87109 as of 2023.
• Total households: 19,258, indicating a mix of family and solo living.
• Total housing units: 20,826, with some unoccupied properties available.
• Median household income: $56,295, supporting a stable local economy.
• Median home value: $298,300, offering potential affordability for buyers.
• Median rent: $1,112, providing options for renters on a budget.
• Diverse community: 47.28% White, 36.13% Hispanic, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 87109 offers a promising mix of affordability and community diversity. With a median home value of $298,300, you might find properties that fit within a reasonable budget while enjoying a culturally rich neighborhood. Real estate investors and agents can take note of the slight surplus of housing units (20,826 total units versus 19,258 households), which could signal opportunities for rental properties or flips, especially with a median rent of $1,112 attracting potential tenants. Small-business owners stand to benefit from the area’s diverse population of nearly 40,000, providing a varied customer base for tailored products or services. Analysts looking at market trends will appreciate the balanced income levels and housing costs as indicators of economic stability in this ZIP code. Whether you’re settling down, investing, or launching a venture, these metrics offer a foundation for strategic planning.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 87109? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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