ZIP 87114 - 860Z200US87114 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 87114, located in the Albuquerque, New Mexico area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a substantial population, diverse cultural makeup, and solid economic indicators, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the data to help you understand what makes ZIP 87114 stand out and how it can align with your goals.

Population & Households

ZIP 87114 is home to a vibrant community of 70,064 residents, making it a sizable and dynamic area. These individuals are distributed across 27,445 households, reflecting a strong residential base. With 28,038 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a place to settle or expand their portfolio.

Income & Housing Costs

The median household income in ZIP 87114 stands at $81,768, pointing to a relatively strong economic foundation for many families and individuals. This income level supports a comfortable lifestyle in the context of local housing costs. The median home value is $296,200, which offers a reasonable entry point for buyers in a growing market like Albuquerque. For renters, the median rent is $1,321 per month, reflecting a competitive rental market that could appeal to investors seeking steady returns. These figures highlight ZIP 87114 as a financially accessible area with potential for both homeownership and rental opportunities.

Race & Ethnicity

ZIP 87114 boasts a diverse population, which adds to its cultural richness and appeal. The racial and ethnic composition includes 39.65% White, 3.93% Black, 1.63% Asian, and a significant 46.34% Hispanic population. This diversity creates a welcoming environment for people from various backgrounds, making it an attractive location for families, businesses, and community-focused initiatives. For small-business owners, this mix offers a broad customer base with varied needs and preferences, while homebuyers can find a neighborhood that celebrates inclusivity.

Key Facts

• Total population: 70,064 residents, indicating a robust community size.
• Total households: 27,445, showing a strong residential presence.
• Total housing units: 28,038, suggesting slight availability for new occupants.
• Median household income: $81,768, reflecting solid earning potential.
• Median home value: $296,200, a competitive price in the regional market.
• Median rent: $1,321, offering opportunities for rental investments.
• Diverse demographics: 46.34% Hispanic, 39.65% White, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 87114 presents an opportunity to invest in a home valued at a median of $296,200, supported by a median household income of $81,768 that suggests financial stability among neighbors. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find potential in both the homeownership and rental markets, with a median rent of $1,321 indicating demand for quality rentals in a growing area. Small-business owners can tap into a diverse population of over 70,000, tailoring products or services to a wide range of cultural and economic needs. Analysts studying market trends will appreciate the balanced demographics and housing data as a foundation for deeper research into regional growth patterns. Whether you’re settling down, investing, or launching a venture, ZIP 87114 offers a promising landscape to explore.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 87114? Start by visiting ZipcodeGPT for a user-friendly platform to access detailed demographic and housing insights.
• Enter any ZIP code to generate a customized report with the latest data, tailored to your specific interests or business needs.
• Use the actionable analysis to make informed decisions, whether you’re buying a home, investing, or planning a business strategy in any area.