ZIP Code 87505: Population, Income, Housing

State: NM

Total population: 32,092 Household income: $78,247 Rent: $1,384

Overview

Total population

32,092

Rent

$1,384

Year built

1981

Household income

$78,247

Per capita income

$60,039

Poverty rate

10.9%

Unemployment rate

N/A

Household size

1.9 persons

Rent over 30% of income

46.3%

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

Santa Fe County

City

Cañada de los Alamos

Total population

32,092

Adults over 25

25,923

Total households

16,646

Household size

1.9 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

$78,247

Per capita income

$60,039

Poverty rate

10.9%

Unemployment rate

N/A

Rent over 30% of income

46.3%

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

$1,384

Year built

1981

Households that rent

39.6%

Households that own

60.4%

Rooms per home (all homes)

5.1

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

67.2%

Black

1.8%

Asian

1.9%

Two or more races

22%

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

35.2%

Not Hispanic or Latino

64.8%

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).

Commute

Commute rate

12,081 (78.7%)

Commute time to work

19 mins

Work from home

3,277 (21.3%)

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).

Education

Less than high school

22.4%

High school graduate or GED

14.2%

Some college or associate degree

6.2%

Bachelor’s degree or higher

57.2%

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 87505 with: Santa Fe County, NM New Mexico United States

ZIP 87505

Total population32,092

Rent$1,384

Year built1981

Household income$78,247

Per capita income$60,039

Poverty rate10.9%

Unemployment rateN/A

Santa Fe County, NM

Total population156,105

Rent$1,389

Year built1989

Household income$79,071

Per capita income$52,207

Poverty rate12%

Unemployment rate3.4%

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	ZIP87505	CountySanta Fe, NM	StateNew Mexico	CountryUnited States
Total population	32,092	156,105	2,120,246	334,922,499
Rent	$1,384	$1,389	$1,067	$1,413
Year built	1981	1989	1985	1980
Household income	$78,247	$79,071	$64,059	$80,734
Per capita income	$60,039	$52,207	$36,218	$44,673
Poverty rate	10.9%	12%	17.8%	12.5%
Unemployment rate	N/A	3.4%	4.2%	4%

View the full multi-level comparison →

Summary for 87505

Rent & Income

In 87505, the typical monthly rent is $1,384 and the typical household income is $78,247. Rent here is higher than New Mexico, and household income is higher than New Mexico. The estimated poverty rate is 10.9%.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 39.6% of households. About 46.3% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is very high, with about 57.2% of adults holding a bachelor’s degree or higher.

ZIP 87505 — Rent vs Household Income

ZIP 87505 — Poverty

How ZIP 87505 compares in New Mexico (24 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,384	18 / 24	from lower rent	$806 – $1,688
Household income	$78,247	6 / 24	from higher income	$33,087 – $94,550
Poverty rate	10.9%	6 / 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 87505

Rent

When it comes to rent, ZIP Code 87505 ranks 18th 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 6th 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 87505 places 6th 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 87505 (with Utilities)

Estimated Monthly Rent: $1,384 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 87505

Annual Household Income: $78,247

💡 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 87505

Estimated Rate: 10.9%

💡 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 87505

In ZIP Code 87505, households that rent: 6,598 (39.6%)

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

Household Type	Count	Share
Renter-Occupied	6,598	39.6%
Owner-Occupied	10,048	60.4%

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 87505

In ZIP Code 87505, cost-burdened renters (households spending over 30% of income on housing): 3,053 (46.3%)

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

Household Group	Households	Share
Cost-burdened renters (over 30%)	3,053	46.3%
Other renter households	3,545	53.7%
Total renter households	6,598	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 87505

Less than High School: 5,797 people (22.4%)

Includes adults who did not complete high school.

High School Graduate or GED: 3,694 people (14.2%)

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

Some College or Associate Degree: 1,600 people (6.2%)

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

Bachelor’s Degree or Higher: 14,832 people (57.2%)

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

👥 Total Adults (25+): 25,923

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.