ZIP 88007 - 860Z200US88007 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 88007, located in the heart of New Mexico, this demographic and housing snapshot offers a clear picture of the area. 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. Whether you're eyeing a family home, a rental property, or a commercial venture, understanding ZIP 88007’s profile is the first step to success.

Population & Households

ZIP 88007 is home to a population of 25,750 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 9,526 households, reflecting a diverse range of family structures and living arrangements. With 10,262 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties.

Income & Housing Costs

The median household income in ZIP 88007 stands at $65,022, suggesting a stable economic base for many families and individuals. This income level supports a housing market where the median home value is $232,200—a figure that positions the area as relatively affordable compared to national averages in many regions. For renters, the median rent is $794 per month, offering a cost-effective alternative to homeownership for those not ready to buy. These figures provide a balanced view of affordability and investment potential in the area.

Race & Ethnicity

The cultural fabric of ZIP 88007 is notably diverse, with a significant Hispanic population making up 61.16% of residents. White residents account for 33.67%, while smaller percentages identify as Black (0.75%) and Asian (0.78%). This diversity shapes the community’s character, influencing local businesses, schools, and social dynamics. For those moving to or investing in the area, this mix offers a vibrant, multicultural environment that could appeal to a wide range of residents or customers.

Key Facts

• Total population: 25,750 residents, offering a mid-sized community feel.
• Total households: 9,526, reflecting varied family and living setups.
• Total housing units: 10,262, with some availability for new occupants.
• Median household income: $65,022, indicating a solid economic foundation.
• Median home value: $232,200, suggesting affordability for buyers.
• Median rent: $794, a competitive rate for renters in the area.
• Racial composition: 61.16% Hispanic, 33.67% White, with smaller Black and Asian populations.

What This Means for You

For homebuyers, ZIP 88007 presents an attractive option with median home values at $232,200 and a median income of $65,022, suggesting that purchasing a home here is within reach for many. The slight surplus of housing units (10,262 total vs. 9,526 households) could mean less competition for properties, giving you room to negotiate.

For real estate investors and agents, the combination of affordable home prices and reasonable rents ($794 median) points to potential in both buy-and-hold and rental strategies. The diverse population also means a broad tenant or buyer pool, which can help stabilize occupancy rates.

For small-business owners, the area’s 25,750 residents and multicultural makeup offer a sizable and varied customer base. Whether you’re opening a retail shop, restaurant, or service-based business, the community’s diversity and income levels suggest demand for a range of goods and services tailored to different cultural preferences.

For analysts, these metrics provide a foundation for deeper research into market trends, housing demand, and economic stability in ZIP 88007. The data highlights a balanced area with growth potential worth exploring further.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 88007? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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