ZIP 87124 - 860Z200US87124 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 87124, located in the vibrant area of Rio Rancho, New Mexico, 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 make informed decisions about living or working in ZIP 87124.

Population & Households

ZIP 87124 is home to a population of 58,402 residents, making it a sizable community with a strong local presence. This population is distributed across 22,132 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 23,027, indicating a slight surplus of available homes relative to occupied households. For those exploring residential or investment opportunities, this suggests a market with potential availability, though demand and local trends should be closely monitored.

Income & Housing Costs

The median household income in ZIP 87124 is $82,278, a figure that points to a relatively strong economic base for the area. This income level supports a comfortable standard of living for many residents and signals purchasing power for local businesses. On the housing front, the median home value is $262,800, offering a moderate entry point for buyers compared to national averages. For renters, the median monthly rent is $1,380, which aligns with the income levels and suggests a balanced rental market. These metrics provide a solid foundation for understanding affordability and investment potential in ZIP 87124.

Race & Ethnicity

The cultural landscape of ZIP 87124 is notably diverse, reflecting a rich community fabric. The racial composition includes 46.79% White, 41.39% Hispanic, 2.67% Black, and 2.16% Asian residents, among other groups. This diversity is a significant asset for the area, fostering a welcoming environment for families, businesses, and newcomers. For investors and business owners, this mix can translate into varied customer bases and opportunities to cater to different cultural preferences and needs.

Key Facts

• Total population: 58,402 residents, indicating a robust community size.
• Total households: 22,132, showing a strong base of local families and individuals.
• Total housing units: 23,027, suggesting some availability in the housing market.
• Median household income: $82,278, reflecting economic stability.
• Median home value: $262,800, a moderate price point for potential buyers.
• Median rent: $1,380 per month, aligning with local income levels.
• Diverse population: 46.79% White, 41.39% Hispanic, with smaller Black and Asian communities.

What This Means for You

For homebuyers, ZIP 87124 offers a promising mix of affordability and community size. With a median home value of $262,800, you can find properties that fit a range of budgets, while the diverse population ensures a vibrant neighborhood feel. The slight surplus of housing units (23,027 vs. 22,132 households) may give you some negotiating room, though working with a local agent to understand market dynamics is key.

For investors and real estate agents, the data highlights potential in both rental and purchase markets. The median rent of $1,380 suggests steady demand from renters, while the income level of $82,278 indicates residents can support property investments. Keep an eye on occupancy trends to capitalize on the available housing units.

For small-business owners, the population of 58,402 and diverse demographic makeup present a broad customer base. The solid median income suggests disposable income for goods and services, making ZIP 87124 a viable spot for retail, dining, or service-based ventures tailored to varied cultural needs.

For analysts, these metrics provide a snapshot of a stable, growing community. The balance of income, housing costs, and diversity offers a foundation for deeper studies into economic trends or social dynamics in the area.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 87124? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access up-to-date population, income, and housing insights tailored to your needs.
• Use the detailed reports to inform your next move, investment, or business strategy with confidence.