ZIP 87111 - 860Z200US87111 — 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 87111 can provide valuable insights. Located in the northeastern part of the city, this area offers a mix of suburban charm and urban access. This article breaks down the latest 2023 data on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions about ZIP 87111.

Population & Households

ZIP 87111 is home to a substantial population of 57,219 residents, making it a vibrant and active community. This population is distributed across 27,168 households, reflecting a strong residential base. With 28,192 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. The size of this community suggests a robust local economy with potential for both residential and commercial growth.

Income & Housing Costs

Financially, ZIP 87111 stands out with a median household income of $84,511, which is notably higher than many other areas in the region. This figure points to a relatively affluent community with disposable income to support local businesses and services. On the housing front, the median home value is $349,200, reflecting a solid real estate market that could appeal to buyers seeking long-term value or investors eyeing appreciation potential. For renters, the median rent is $1,310 per month, indicating a competitive rental market that balances affordability with quality housing options.

Race & Ethnicity

The demographic makeup of ZIP 87111 is diverse, offering a snapshot of cultural variety. The racial composition includes 60.61% White, 27.7% Hispanic, 2.99% Asian, and 1.23% Black residents. This diversity can be a draw for families and businesses looking for an inclusive environment. It also suggests a community where cultural events, diverse cuisines, and varied perspectives contribute to a rich social fabric, which could be a key consideration for those planning to relocate or establish a presence here.

Key Facts

• Total population: 57,219 residents, indicating a sizable and active community.
• Total households: 27,168, showing a strong residential foundation.
• Total housing units: 28,192, suggesting some availability for new occupants.
• Median household income: $84,511, reflecting economic stability and purchasing power.
• Median home value: $349,200, pointing to a valuable real estate market.
• Median rent: $1,310, offering a competitive yet accessible rental option.
• Racial diversity: 60.61% White, 27.7% Hispanic, 2.99% Asian, 1.23% Black, highlighting cultural variety.

What This Means for You

For homebuyers, ZIP 87111 offers a promising market with a median home value of $349,200, suggesting potential for equity growth in a stable community of over 57,000 residents. The slight surplus of housing units (28,192 vs. 27,168 households) may provide some negotiation leverage or choice in properties. Investors and real estate agents can capitalize on this area’s higher median income of $84,511, which supports a market of financially capable buyers or renters paying a median rent of $1,310. The diversity (27.7% Hispanic, 60.61% White, and smaller Asian and Black populations) also means a broad tenant or buyer pool. For small-business owners, this income level and population size indicate a customer base with spending power, while the cultural mix could support niche markets like ethnic foods or services. Analysts will find this data useful for tracking suburban growth trends or assessing housing demand in Albuquerque’s northeast quadrant.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 87111? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.