ZIP 87144 - 860Z200US87144 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 87144, located in the vibrant Rio Rancho area of New Mexico, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 87144 unique and how it could align with your goals.

Population & Households

ZIP 87144 is home to a substantial population of 49,976 residents, making it a sizable and active community. This area supports 17,663 households, reflecting a strong residential base. With 18,261 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities. The population density and household distribution suggest a balanced suburban environment, ideal for families, professionals, and businesses seeking a stable customer base.

Income & Housing Costs

Financially, ZIP 87144 stands out with a median household income of $90,973, which is notably higher than many national averages. This suggests a community with solid earning power, likely attracting professionals and families with disposable income. Housing costs align with this income level, as the median home value is $280,600—a reasonable figure for buyers seeking value in a growing area. For renters, the median rent is $1,670 per month, reflecting a competitive rental market that could appeal to investors or those not ready to buy. These figures point to a market with affordability for middle- and upper-middle-class households while offering potential returns for real estate stakeholders.

Race & Ethnicity

The cultural fabric of ZIP 87144 is notably diverse, creating a rich and inclusive community. The racial composition shows White residents at 43.99% and Hispanic or Latino residents at a nearly equal 43.93%, highlighting a balanced demographic mix. Black residents make up 2.8% of the population, while Asian residents account for 1.32%. This diversity can be a significant draw for families and businesses looking for a welcoming, multicultural environment where varied perspectives and customer bases thrive.

Key Facts

• Total population: 49,976 residents, indicating a robust community size.
• Total households: 17,663, supporting a strong residential foundation.
• Total housing units: 18,261, suggesting some availability for new occupants.
• Median household income: $90,973, reflecting strong earning potential.
• Median home value: $280,600, offering value for buyers in a growing market.
• Median rent: $1,670, pointing to a competitive rental landscape.
• Racial diversity: Near-equal White (43.99%) and Hispanic (43.93%) populations, fostering inclusivity.

What This Means for You

For homebuyers, ZIP 87144 offers a promising mix of affordability and community vibrancy. With a median home value of $280,600 and a high median income of $90,973, you’re likely to find a stable neighborhood with good schools and amenities, ideal for families or long-term living. The slight surplus of housing units could mean less competition when searching for your dream home.

For real estate investors and agents, the data suggests opportunity. The rental market, with a median rent of $1,670, indicates demand for quality housing, while the home value points to potential appreciation in a growing area. The population size and income levels also support a steady pool of prospective tenants or buyers.

For small-business owners, the diverse population of nearly 50,000 and strong household income create a fertile ground for customer engagement. Whether you’re opening a retail store, restaurant, or service-based business, the demographic mix and financial stability of residents can help ensure a loyal clientele.

For analysts, these metrics provide a snapshot of a balanced, growing community with economic and cultural diversity, useful for market studies or trend forecasting in suburban New Mexico.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 87144? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.