| ZIP Code | 87023 |
|---|---|
| City | Jarales |
| State | New Mexico (NM) |
| County | Valencia County |
| Area Code | 505 |
| Elevation | 5,014 ft |
| Latitude | 34.600498 |
|---|---|
| Longitude | -106.767483 |
| Timezone | Denver (DST) |
| FIPS | 35061 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 61.1 yrs ↑ 27% since 2019 |
|---|---|
| Avg Household Size | 1.51 |
| Below Poverty | 18.5% ▲ 85% above avg |
| College Grads | 17.1% ▼ 56% below avg |
| Unemployment | 0.0% ▼ 100% below avg |
| HS Graduate | 139 (79.4%) |
| Some College | 6 (3.4%) |
| Bachelors | 15 (8.6%) |
| Graduate Degree | 15 (8.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $25,043 ▼ 67% below avg ↓ 27% since 2019 |
|---|---|
| Median Home Value | $153,300 ▼ 45% below avg ↑ 21% since 2019 |
| Home/Income Ratio | 6.1x (nat avg ~3.5x) |
| Total Units | 189 |
| Vacant Units | 42 |
| Avg HH Size | 1.51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 189 |
|---|---|
| Vacant | 42 |
| Owner Occupied | 82.3% |
| Renter Occupied | 17.7% |
| Avg HH Size | 1.51 |
ZIP code 87023 is located in Jarales, New Mexico, within Valencia County. With a population of 222, this is a sparsely populated ZIP code with an older community — the median age is 61.1 years. Economically, 87023 is a lower-income ZIP code: the median household income of $25,043 is well below the national average.
Real estate in ZIP code 87023 represents an affordable housing market. The median home value of $153,300 is below the national average. Homeownership is strong here — 82.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 21% since 2019.
The population of 87023 is primarily Hispanic (82.43%). Residents are less-educated — 17.1% hold a bachelor's degree or higher, which is well below the national average. Poverty affects some residents at 18.5%. Household income has declined by 27% since 2019.
Overall, ZIP code 87023 in Jarales, NM is characterized as lower-income, less-educated, an older community, and predominantly owner-occupied. With 222 residents, a median household income of $25,043, and a median home value of $153,300, it offers a clear picture of life in this part of New Mexico.