ZIP Code 87120: Population, Income, Housing

State: NM

Total population: 66,097 Household income: $86,907 Rent: $1,429

Overview

Total population

66,097

Rent

$1,429

Year built

1996

Household income

$86,907

Per capita income

$43,153

Poverty rate

11.7%

Unemployment rate

N/A

Household size

2.4 persons

Rent over 30% of income

53.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Data are sourced from the American Community Survey (ACS) 5-Year Estimates, 2024 release — the latest dataset currently available. New 5-year estimates are published annually, about 6–12 months after the end of each reference year.

Demographics

State

New Mexico

County

Bernalillo County

City

Albuquerque

Total population

66,097

Adults over 25

47,441

Total households

26,675

Household size

2.4 persons

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Income & Poverty

Household income

$86,907

Per capita income

$43,153

Poverty rate

11.7%

Unemployment rate

N/A

Rent over 30% of income

53.3%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Housing

Rent

$1,429

Year built

1996

Households that rent

20.9%

Households that own

79.1%

Rooms per home (all homes)

5.8

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Race

White

46.7%

Black

3.8%

Asian

2.5%

Two or more races

33%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Ethnicity

Hispanic or Latino

55.1%

Not Hispanic or Latino

44.9%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Commute

Commute rate

26,420 (81.6%)

Commute time to work

24 mins

Work from home

5,946 (18.4%)

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Education

Less than high school

28.7%

High school graduate or GED

20.9%

Some college or associate degree

11.2%

Bachelor’s degree or higher

39.2%

Note: Rent, income, and year built are shown as median values, while household size is shown as an average (see explanations below).

ZIP data use Census ZCTAs, which closely match USPS ZIP Codes in most cases (see FAQ for details).

Comparison of ZIP Code 87120 with: Bernalillo County, NM Albuquerque, NM Albuquerque metro area, NM New Mexico United States

ZIP 87120

Total population66,097

Rent$1,429

Year built1996

Household income$86,907

Per capita income$43,153

Poverty rate11.7%

Unemployment rateN/A

Bernalillo County, NM

Total population673,930

Rent$1,144

Year built1982

Household income$69,473

Per capita income$40,690

Poverty rate15.2%

Unemployment rate3.5%

Albuquerque, NM

Total population562,218

Rent$1,145

Year built1982

Household income$68,317

Per capita income$40,469

Poverty rate15.5%

Unemployment rate3.5%

Albuquerque Metro Area, NM

Total population921,482

Rent$1,156

Year built1985

Household income$70,783

Per capita income$39,741

Poverty rate14.6%

Unemployment rate3.9%

New Mexico State

Total population2,120,246

Rent$1,067

Year built1985

Household income$64,059

Per capita income$36,218

Poverty rate17.8%

Unemployment rate4.2%

United States

Total population334,922,499

Rent$1,413

Year built1980

Household income$80,734

Per capita income$44,673

Poverty rate12.5%

Unemployment rate4%

Metric	ZIP87120	CountyBernalillo, NM	CityAlbuquerque, NM	Metro AreaAlbuquerque metro area, NM	StateNew Mexico	CountryUnited States
Total population	66,097	673,930	562,218	921,482	2,120,246	334,922,499
Rent	$1,429	$1,144	$1,145	$1,156	$1,067	$1,413
Year built	1996	1982	1982	1985	1985	1980
Household income	$86,907	$69,473	$68,317	$70,783	$64,059	$80,734
Per capita income	$43,153	$40,690	$40,469	$39,741	$36,218	$44,673
Poverty rate	11.7%	15.2%	15.5%	14.6%	17.8%	12.5%
Unemployment rate	N/A	3.5%	3.5%	3.9%	4.2%	4%

View the full multi-level comparison →

Summary for 87120

Rent & Income

In 87120, the typical monthly rent is $1,429 and the typical household income is $86,907. Rent here is higher than in both Albuquerque and New Mexico, and household income is also higher than in both. The estimated poverty rate is 11.7%, which is lower than in both Albuquerque and New Mexico.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 20.9% of households. About 53.3% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is high, with about 39.2% of adults holding a bachelor’s degree or higher.

ZIP 87120 — Rent vs Household Income

ZIP 87120 — Poverty

How ZIP 87120 compares in New Mexico (24 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,429	21 / 24	from lower rent	$806 – $1,688
Household income	$86,907	3 / 24	from higher income	$33,087 – $94,550
Poverty rate	11.7%	7 / 24	from lower poverty	7.5% – 34.4%

Rankings are calculated among ZIP Codes in New Mexico with total population > 30,000 (year 2024).

Detailed Ranking Explanation for ZIP Code 87120

Rent

When it comes to rent, ZIP Code 87120 ranks 21st out of 24 ZIP Codes in New Mexico. Statewide, values range from $806 in ZIP 88001 up to $1,688 in ZIP 87144.

Household income

Income-wise, this area is placed 3rd out of 24 ZIP Codes. Across New Mexico, figures vary from $33,087 in ZIP 88001 up to $94,550 in ZIP 87144.

Poverty rate

When it comes to poverty, ZIP Code 87120 places 7th out of 24 ZIP Codes. Throughout New Mexico, numbers span from 7.5% in ZIP 87124 up to 34.4% in ZIP 88001.

💰 Rent in ZIP Code 87120 (with Utilities)

Estimated Monthly Rent: $1,429 ℹ️ What’s Included:
✅ Base rent, electricity, gas, water/sewer, and heating fuels
❌ Not included: internet, cable TV, renter's insurance, parking

💡 What does this rent estimate mean?

Explanation: This estimate shows what renters typically pay each month for housing — including the apartment or home and essential utilities like heat, water, and electricity.

Included in this number: Rent plus electricity, gas, water/sewer, and heating fuel.

Not included: Internet, cable, parking, renter’s insurance, or furniture rental.

Note: This cost does not depend on the number of people living in the home.

👨‍👧‍👦 Household Income in ZIP Code 87120

Annual Household Income: $86,907

💡 What does Household Income mean?

Definition: This represents the middle value of all household incomes in the ZIP code — half of households earn less, and half earn more.

Includes: wages, salaries, self-employment income, Social Security, pensions, investments, unemployment, public assistance, and rental income.

Does NOT include: capital gains, non-cash benefits (like food stamps), or tax refunds.

Household = any group of people (or a single person) living in the same housing unit.

Example: A couple earning $40,000 and $30,000 together have a household income of $70,000. If that's in the middle of all local incomes, it's the value shown here.

📉 Poverty Rate in ZIP Code 87120

Estimated Rate: 11.7%

💡 What does the Poverty Rate represent?

Definition: The percentage of people in this area living below the federal poverty threshold.

How it works: The threshold is a dollar amount set by the U.S. Census Bureau that varies by family size and age. If a household's income is below that level, everyone in it is included in this rate.

Example: In a town of 10,000 people, if 1,500 have incomes below the poverty line, the poverty rate is 15%.

Note: This statistic only includes people living in households; it does not count those in student housing, military barracks, or nursing homes.

🏘️ Renter vs. Owner Households in ZIP Code 87120

In ZIP Code 87120, households that rent: 5,576 (20.9%)

📊 What does the renter household percentage reveal about this ZIP Code?

Household Type	Count	Share
Renter-Occupied	5,576	20.9%
Owner-Occupied	21,099	79.1%

Definition: This is the percentage of households that rent their home rather than own it. It includes only occupied housing units.

Why it matters: Areas with a high share of renter households often have younger populations, higher mobility, and different housing needs compared to mostly owner-occupied areas.

Example: If 65% of homes in an area are renter-occupied, it means 65 out of every 100 households rent their home.

📉 Renters Spending Over 30% of Income on Rent in ZIP Code 87120

In ZIP Code 87120, cost-burdened renters (households spending over 30% of income on housing): 2,971 (53.3%)

🏚️ What Does It Mean When Renters Spend Over 30% of Their Income on Housing?

Household Group	Households	Share
Cost-burdened renters (over 30%)	2,971	53.3%
Other renter households	2,605	46.7%
Total renter households	5,576	100%

Shares are calculated as a percentage of renter households.

This shows how many renters in the ZIP code are considered cost-burdened — meaning they spend more than 30% of their income on housing (rent and basic utilities).

It’s a sign that housing might be unaffordable in the area or that lower-income residents may be struggling with rent.

Data comes from the U.S. Census Bureau’s American Community Survey.

📊 Education Levels in ZIP Code 87120

Less than High School: 13,632 people (28.7%)

Includes adults who did not complete high school.

High School Graduate or GED: 9,898 people (20.9%)

Includes adults whose highest education is a high school diploma or GED.

Some College or Associate Degree: 5,298 people (11.2%)

Includes adults who attended college without completing a bachelor’s degree (some college or associate degree).

Bachelor’s Degree or Higher: 18,613 people (39.2%)

Includes adults with a bachelor’s degree or higher (bachelor’s, master’s, professional, or doctoral degree).

👥 Total Adults (25+): 47,441

ℹ️ Have questions about how these statistics are calculated? See our data methodology & FAQs

Source: ACS 5-Year Estimates (U.S. Census Bureau) — unemployment rate from BLS. Some values are derived metrics.