| ZIP Code | 87048 |
|---|---|
| City | Corrales |
| State | New Mexico (NM) |
| County | Sandoval County |
| Area Code | 505 |
| Elevation | 5,053 ft |
| Latitude | 35.239575 |
|---|---|
| Longitude | -106.627061 |
| Timezone | Denver (DST) |
| FIPS | 35043 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.7 yrs |
|---|---|
| Avg Household Size | 2.48 |
| Below Poverty | 7.9% ▼ 21% below avg |
| College Grads | 59.7% ▲ 54% above avg |
| Unemployment | 6.6% ▲ 34% above avg |
| No HS Diploma | 57 (0.8%) |
| HS Graduate | 1,226 (17.9%) |
| Some College | 471 (6.9%) |
| Associates | 1,011 (14.7%) |
| Bachelors | 641 (9.3%) |
| Graduate Degree | 3,453 (50.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $112,716 ▲ 48% above avg ↑ 31% since 2019 |
|---|---|
| Median Home Value | $552,000 ▲ 98% above avg ↑ 25% since 2019 |
| Home/Income Ratio | 4.9x (nat avg ~3.5x) |
| Median Rent | $1,184/mo ↑ 8% since 2019 |
| Total Units | 4,079 |
| Vacant Units | 394 |
| Avg HH Size | 2.48 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 4,079 |
|---|---|
| Vacant | 394 |
| Owner Occupied | 91.6% |
| Renter Occupied | 8.4% |
| Avg HH Size | 2.48 |
ZIP code 87048 is located in Corrales, New Mexico, within Sandoval County. With a population of 9,173, this is a lightly populated ZIP code with a mature community — the median age is 54.7 years. Economically, 87048 is a upper-middle-income ZIP code: the median household income of $112,716 is above the national average.
Real estate in ZIP code 87048 represents a premium housing market. The median home value of $552,000 is significantly above the national average. Renters can expect to pay around $1,184 per month in median rent. Homeownership is strong here — 91.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 25% since 2019.
The population of 87048 is majority White (62.88%). Residents are well-educated — 59.7% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 7.9%. Household income has grown by 31% since 2019.
The unemployment rate in 87048 stands at 6.6%, which is above the national average. About 24% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 64%.
Overall, ZIP code 87048 in Corrales, NM is characterized as upper-middle-income, well-educated, a mature community, and predominantly owner-occupied. With 9,173 residents, a median household income of $112,716, and a median home value of $552,000, it offers a clear picture of life in this part of New Mexico.