ZIP 87120 - 860Z200US87120 — 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 87120 can provide valuable clarity. This area, located on the west side of the city, offers a mix of suburban charm and urban access, making it appealing to a variety of stakeholders. Drawing from the latest 2023 data, this snapshot covers population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions.

Population & Households

ZIP code 87120 is home to a sizable population of 65,477 residents, reflecting a vibrant and active community. These individuals are distributed across 26,196 households, indicating a strong residential base. With 27,432 total housing units in the area, there’s a modest buffer of available properties, which could signal opportunities for buyers or investors looking to enter the market. The average household size can be inferred as roughly 2.5 people, suggesting a mix of families, couples, and individuals shaping the community’s character.

Income & Housing Costs

Financially, ZIP 87120 stands out with a median household income of $84,887, which points to a relatively stable economic environment. This income level supports a housing market where the median home value is $276,900—a figure that offers a balance of affordability and investment potential compared to broader national trends. For renters, the median rent of $1,404 per month reflects a competitive rental market, potentially appealing to those not yet ready to buy or investors seeking rental income. These metrics suggest that 87120 can accommodate a range of budgets, whether you’re purchasing a home or leasing space for a business.

Race & Ethnicity

The cultural fabric of ZIP 87120 is notably diverse, with a population composition that includes 53.59% Hispanic residents, making it the largest demographic group in the area. White residents account for 33.75%, while Black and Asian populations represent smaller shares at 2.97% and 1.93%, respectively. This diversity fosters a rich community dynamic, which can be a draw for families seeking inclusive environments or businesses aiming to serve a varied customer base. Understanding these demographics can help tailor real estate strategies or marketing approaches to resonate with local residents.

Key Facts

• Total population: 65,477 residents, indicating a robust community in ZIP 87120.
• Total households: 26,196, supporting a strong residential foundation.
• Total housing units: 27,432, offering potential availability for new occupants or investors.
• Median household income: $84,887, reflecting economic stability for many residents.
• Median home value: $276,900, a balanced entry point for homebuyers.
• Median rent: $1,404, competitive for renters and landlords alike.
• Racial composition: 53.59% Hispanic, 33.75% White, 2.97% Black, 1.93% Asian, showcasing diversity.

What This Means for You

For homebuyers, ZIP 87120 offers a promising mix of affordability and community vibrancy. With median home values at $276,900 and a median income of $84,887, many families or individuals can find financial footing here, especially in a diverse and welcoming area. Real estate investors and agents will note the slight surplus of housing units (27,432 total units versus 26,196 households), which could mean opportunities for flipping properties or securing rental income at a median rent of $1,404. Small-business owners can leverage the area’s sizable population of 65,477 and cultural diversity—especially the significant Hispanic majority—to tailor products, services, or marketing campaigns that resonate locally. Analysts studying market trends will find this data a useful benchmark for tracking growth or shifts in Albuquerque’s western corridor. Whether you’re settling down, investing, or launching a venture, these insights provide a grounded starting point.

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