| ZIP Code | 87323 |
|---|---|
| City | Thoreau |
| State | New Mexico (NM) |
| County | McKinley County |
| Area Code | 505 |
| Elevation | 6,682 ft |
| Latitude | 35.45684 |
|---|---|
| Longitude | -108.186127 |
| Timezone | Denver (DST) |
| FIPS | 35006 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.3 yrs ↑ 39% since 2019 |
|---|---|
| Avg Household Size | 2.72 |
| Below Poverty | 39.2% ▲ 292% above avg |
| College Grads | 28.5% ▼ 26% below avg |
| Unemployment | 12.1% ▲ 146% above avg |
| No HS Diploma | 44 (2.2%) |
| HS Graduate | 789 (39.9%) |
| Some College | 191 (9.7%) |
| Associates | 391 (19.8%) |
| Bachelors | 102 (5.2%) |
| Graduate Degree | 462 (23.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $45,156 ▼ 41% below avg ↑ 124% since 2019 |
|---|---|
| Median Home Value | $102,700 ▼ 63% below avg ↑ 88% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $620/mo ↓ 11% since 2019 |
| Total Units | 2,055 |
| Vacant Units | 693 |
| Avg HH Size | 2.72 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,055 |
|---|---|
| Vacant | 693 |
| Owner Occupied | 94.8% |
| Renter Occupied | 5.2% |
| Avg HH Size | 2.72 |
ZIP code 87323 is located in Thoreau, New Mexico, within McKinley County. With a population of 3,702, this is a sparsely populated ZIP code with a mature community — the median age is 45.3 years. Economically, 87323 is a working-class ZIP code: the median household income of $45,156 is below the national average.
Real estate in ZIP code 87323 represents one of the more affordable housing markets in the country. The median home value of $102,700 is well below the national average. Renters can expect to pay around $620 per month in median rent. Homeownership is strong here — 94.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 88% since 2019.
The population of 87323 is racially diverse, with White as the largest group at 21.0%. Residents are moderately educated — 28.5% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 39.2%. Household income has grown by 124% since 2019.
The unemployment rate in 87323 stands at 12.1%, which is more than double the national average. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 87323 in Thoreau, NM is characterized as working-class, moderately educated, a mature community, and predominantly owner-occupied. With 3,702 residents, a median household income of $45,156, and a median home value of $102,700, it offers a clear picture of life in this part of New Mexico.