| ZIP Code | 87123 |
|---|---|
| City | Albuquerque |
| State | New Mexico (NM) |
| County | Bernalillo County |
| Area Code | 505 |
| Elevation | 5,843 ft |
| Latitude | 35.061361 |
|---|---|
| Longitude | -106.47123 |
| Timezone | Denver (DST) |
| FIPS | 35001 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.1 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.24 |
| Below Poverty | 20.6% ▲ 106% above avg |
| College Grads | 45.8% ▲ 18% above avg |
| Unemployment | 4.7% ≈ Avg |
| No HS Diploma | 1,025 (3.6%) |
| HS Graduate | 6,375 (22.6%) |
| Some College | 3,707 (13.1%) |
| Associates | 4,205 (14.9%) |
| Bachelors | 3,506 (12.4%) |
| Graduate Degree | 9,440 (33.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,552 ▼ 19% below avg ↑ 24% since 2019 |
|---|---|
| Median Home Value | $236,400 ▼ 15% below avg ↑ 29% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $995/mo ↑ 27% since 2019 |
| Total Units | 20,533 |
| Vacant Units | 1,159 |
| Avg HH Size | 2.24 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 20,533 |
|---|---|
| Vacant | 1,159 |
| Owner Occupied | 67.1% |
| Renter Occupied | 32.9% |
| Avg HH Size | 2.24 |
ZIP code 87123 is located in Albuquerque, New Mexico, within Bernalillo County. With a population of 43,515, this is a highly populated ZIP code with a middle-aged community — the median age is 40.1 years. Economically, 87123 is a solidly middle-class ZIP code: the median household income of $61,552 is below the national average.
Real estate in ZIP code 87123 represents an affordable housing market. The median home value of $236,400 is below the national average. Renters can expect to pay around $995 per month in median rent. Homeownership is strong here — 67.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 29% since 2019.
The population of 87123 is racially diverse, with Hispanic as the largest group at 44.1%. Residents are well-educated — 45.8% hold a bachelor's degree or higher, which is above the national average. Poverty affects a significant share of residents at 20.6%. Household income has grown by 24% since 2019.
The unemployment rate in 87123 stands at 4.7%, which is near the national average. About 13% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 70%.
Overall, ZIP code 87123 in Albuquerque, NM is characterized as solidly middle-class, well-educated, a middle-aged community, and predominantly owner-occupied. With 43,515 residents, a median household income of $61,552, and a median home value of $236,400, it offers a clear picture of life in this part of New Mexico.