ZIP 87507 - 860Z200US87507 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 87507, located in the Santa Fe, New Mexico area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 51,000 and a diverse cultural makeup, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, investing, or operating in 87507.

Population & Households

ZIP 87507 is home to a sizable population of 51,109 residents, making it a vibrant and active community. These individuals are distributed across 20,268 households, reflecting a mix of family sizes and living arrangements. With 21,272 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking to enter the market. This balance between population and housing suggests a stable yet dynamic environment for those considering a stake in 87507.

Income & Housing Costs

The median household income in ZIP 87507 stands at $62,955, positioning it as a moderately affluent area with a solid economic base. For homebuyers and investors, the median house value of $333,300 offers insight into the cost of entry into the local real estate market. This value reflects a market that’s accessible for many middle-income families while still holding potential for appreciation. Renters, on the other hand, face a median rent of $1,276 per month, which aligns with the income levels and suggests a balanced rental market for those not ready to buy. These figures provide a practical benchmark for assessing affordability and investment returns in 87507.

Race & Ethnicity

The cultural fabric of ZIP 87507 is notably diverse, with a significant Hispanic population making up 68.29% of residents. White residents account for 24.87%, while smaller percentages include Asian at 1.58% and Black at 0.64%. This diversity shapes the community’s character, influencing local businesses, schools, and social dynamics. For business owners and investors, understanding this demographic breakdown can guide marketing strategies, product offerings, and community engagement efforts tailored to the predominant cultural groups in 87507.

Key Facts

• Total population: 51,109 residents, indicating a robust community size.
• Total households: 20,268, reflecting a mix of family and individual living arrangements.
• Total housing units: 21,272, suggesting some availability for new occupants or investors.
• Median household income: $62,955, supporting a middle-income demographic.
• Median house value: $333,300, a moderate entry point for homeownership.
• Median rent: $1,276, aligning with local income levels for renters.
• Hispanic population: 68.29%, highlighting significant cultural diversity.

What This Means for You

For homebuyers, ZIP 87507 offers a reasonably priced housing market with a median value of $333,300, ideal for middle-income families seeking a foothold in a diverse and growing area. The slight surplus of housing units (21,272 vs. 20,268 households) may provide negotiating leverage when purchasing. Investors and real estate agents can capitalize on this balance, targeting both buyers and renters, with median rents at $1,276 offering steady cash flow potential. Small-business owners should note the area’s cultural diversity, particularly the large Hispanic population (68.29%), and tailor offerings to resonate with local preferences—think bilingual services or culturally relevant products. Analysts can use these metrics to assess market stability and growth potential, especially given the solid median income of $62,955 supporting local purchasing power. Whether you’re settling down, investing, or launching a venture, 87507 presents a balanced and opportunity-rich environment.

Run This Study Yourself

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