ZIP Code 87124: Population, Income, Housing

State: NM

Total population: 58,499 Household income: $86,555 Rent: $1,434

Overview

Total population

58,499

Rent

$1,434

Year built

1991

Household income

$86,555

Per capita income

$41,374

Poverty rate

7.5%

Unemployment rate

N/A

Household size

2.6 persons

Rent over 30% of income

54.5%

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

Sandoval County

City

Rio Rancho

Total population

58,499

Adults over 25

41,163

Total households

22,563

Household size

2.6 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

$86,555

Per capita income

$41,374

Poverty rate

7.5%

Unemployment rate

N/A

Rent over 30% of income

54.5%

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

$1,434

Year built

1991

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

58.5%

Black

2.9%

Asian

1.5%

Two or more races

23.3%

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).

Ethnicity

Hispanic or Latino

40.5%

Not Hispanic or Latino

59.5%

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

23,025 (84.4%)

Commute time to work

28 mins

Work from home

4,263 (15.6%)

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

28.5%

High school graduate or GED

26%

Some college or associate degree

11.7%

Bachelor’s degree or higher

33.7%

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 87124 with: Sandoval County, NM Albuquerque metro area, NM New Mexico United States

ZIP 87124

Total population58,499

Rent$1,434

Year built1991

Household income$86,555

Per capita income$41,374

Poverty rate7.5%

Unemployment rateN/A

Sandoval County, NM

Total population153,604

Rent$1,427

Year built1997

Household income$86,636

Per capita income$41,150

Poverty rate10%

Unemployment rate3.6%

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	ZIP87124	CountySandoval, NM	Metro AreaAlbuquerque metro area, NM	StateNew Mexico	CountryUnited States
Total population	58,499	153,604	921,482	2,120,246	334,922,499
Rent	$1,434	$1,427	$1,156	$1,067	$1,413
Year built	1991	1997	1985	1985	1980
Household income	$86,555	$86,636	$70,783	$64,059	$80,734
Per capita income	$41,374	$41,150	$39,741	$36,218	$44,673
Poverty rate	7.5%	10%	14.6%	17.8%	12.5%
Unemployment rate	N/A	3.6%	3.9%	4.2%	4%

View the full multi-level comparison →

Summary for 87124

Rent & Income

In 87124, the typical monthly rent is $1,434 and the typical household income is $86,555. Rent here is higher than New Mexico, and household income is higher than New Mexico. The estimated poverty rate is 7.5%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 20.9% of households. About 54.5% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 33.7% of adults holding a bachelor’s degree or higher.

ZIP 87124 — Rent vs Household Income

ZIP 87124 — Poverty

How ZIP 87124 compares in New Mexico (24 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,434	22 / 24	from lower rent	$806 – $1,688
Household income	$86,555	4 / 24	from higher income	$33,087 – $94,550
Poverty rate	7.5%	1 / 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 87124

Rent

For rent, this ZIP is positioned 22nd out of 24 ZIP Codes in New Mexico. In New Mexico as a whole, the range goes from $806 in ZIP 88001 up to $1,688 in ZIP 87144.

Household income

For household income, ZIP Code 87124 ranks 4th out of 24 ZIP Codes. Statewide, values range from $33,087 in ZIP 88001 up to $94,550 in ZIP 87144.

Poverty rate

For poverty levels, this ZIP is positioned 1st out of 24 ZIP Codes. Across New Mexico, figures vary from 7.5% in ZIP 87124 up to 34.4% in ZIP 88001.

💰 Rent in ZIP Code 87124 (with Utilities)

Estimated Monthly Rent: $1,434 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 87124

Annual Household Income: $86,555

💡 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 87124

Estimated Rate: 7.5%

💡 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 87124

In ZIP Code 87124, households that rent: 4,718 (20.9%)

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

Household Type	Count	Share
Renter-Occupied	4,718	20.9%
Owner-Occupied	17,845	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 87124

In ZIP Code 87124, cost-burdened renters (households spending over 30% of income on housing): 2,572 (54.5%)

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

Household Group	Households	Share
Cost-burdened renters (over 30%)	2,572	54.5%
Other renter households	2,146	45.5%
Total renter households	4,718	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 87124

Less than High School: 11,751 people (28.5%)

Includes adults who did not complete high school.

High School Graduate or GED: 10,721 people (26%)

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

Some College or Associate Degree: 4,810 people (11.7%)

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

Bachelor’s Degree or Higher: 13,881 people (33.7%)

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

👥 Total Adults (25+): 41,163

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.