| ZIP Code | 87016 |
|---|---|
| City | Estancia |
| State | New Mexico (NM) |
| County | Torrance County |
| Area Code | 505 |
| Elevation | 6,241 ft |
| Latitude | 34.755154 |
|---|---|
| Longitude | -106.01559 |
| Timezone | Denver (DST) |
| FIPS | 35057 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.6 yrs ↑ 17% since 2019 |
|---|---|
| Avg Household Size | 2.55 |
| Below Poverty | 17.5% ▲ 75% above avg |
| College Grads | 31.9% ▼ 18% below avg |
| Unemployment | 25.0% ▲ 412% above avg |
| HS Graduate | 604 (29.7%) |
| Some College | 476 (23.4%) |
| Associates | 308 (15.1%) |
| Bachelors | 391 (19.2%) |
| Graduate Degree | 258 (12.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $44,129 ▼ 42% below avg ↑ 25% since 2019 |
|---|---|
| Median Home Value | $117,400 ▼ 58% below avg ↓ 24% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $823/mo ↑ 28% since 2019 |
| Total Units | 1,390 |
| Vacant Units | 265 |
| Avg HH Size | 2.55 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,390 |
|---|---|
| Vacant | 265 |
| Owner Occupied | 81.2% |
| Renter Occupied | 18.8% |
| Avg HH Size | 2.55 |
ZIP code 87016 is located in Estancia, New Mexico, within Torrance County. With a population of 2,897, this is a sparsely populated ZIP code with a mature community — the median age is 51.6 years. Economically, 87016 is a working-class ZIP code: the median household income of $44,129 is below the national average.
Real estate in ZIP code 87016 represents one of the more affordable housing markets in the country. The median home value of $117,400 is well below the national average. Renters can expect to pay around $823 per month in median rent. Homeownership is strong here — 81.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have decreased by 24% since 2019.
The population of 87016 is majority White (54.26%). Residents are moderately educated — 31.9% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 17.5%. Household income has grown by 25% since 2019.
The unemployment rate in 87016 stands at 25.0%, which is more than double the national average. About 23% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 43%.
Overall, ZIP code 87016 in Estancia, NM is characterized as working-class, moderately educated, a mature community, and predominantly owner-occupied. With 2,897 residents, a median household income of $44,129, and a median home value of $117,400, it offers a clear picture of life in this part of New Mexico.