ZIP Code 87507: Population, Income, Housing

State: NM

Total population: 51,386 Household income: $70,398 Rent: $1,412

Overview

Total population

51,386

Rent

$1,412

Year built

1997

Household income

$70,398

Per capita income

$37,463

Poverty rate

15.7%

Unemployment rate

N/A

Household size

2.5 persons

Rent over 30% of income

51.4%

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).

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

Santa Fe

Total population

51,386

Adults over 25

36,008

Total households

20,716

Household size

2.5 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

$70,398

Per capita income

$37,463

Poverty rate

15.7%

Unemployment rate

N/A

Rent over 30% of income

51.4%

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).

Housing

Rent

$1,412

Year built

1997

Households that rent

32.7%

Households that own

67.3%

Rooms per home (all homes)

5.0

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

41%

Black

Asian

1.9%

Two or more races

35%

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

68.6%

Not Hispanic or Latino

31.4%

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).

Commute

Commute rate

22,611 (86.6%)

Commute time to work

23 mins

Work from home

3,499 (13.4%)

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

29.7%

High school graduate or GED

26.2%

Some college or associate degree

11.7%

Bachelor’s degree or higher

32.4%

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).

Comparison of ZIP Code 87507 with: Santa Fe County, NM Santa Fe, NM New Mexico United States

ZIP 87507

Total population51,386

Rent$1,412

Year built1997

Household income$70,398

Per capita income$37,463

Poverty rate15.7%

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%

Santa Fe, NM

Total population89,019

Rent$1,463

Year built1986

Household income$73,482

Per capita income$50,299

Poverty rate12.9%

Unemployment rate3.3%

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	ZIP87507	CountySanta Fe, NM	CitySanta Fe, NM	StateNew Mexico	CountryUnited States
Total population	51,386	156,105	89,019	2,120,246	334,922,499
Rent	$1,412	$1,389	$1,463	$1,067	$1,413
Year built	1997	1989	1986	1985	1980
Household income	$70,398	$79,071	$73,482	$64,059	$80,734
Per capita income	$37,463	$52,207	$50,299	$36,218	$44,673
Poverty rate	15.7%	12%	12.9%	17.8%	12.5%
Unemployment rate	N/A	3.4%	3.3%	4.2%	4%

View the full multi-level comparison →

Summary for 87507

Rent & Income

In 87507, the typical monthly rent is $1,412 and the typical household income is $70,398. Rent here is similar to Santa Fe and higher than New Mexico, and household income is similar to Santa Fe and higher than New Mexico. The estimated poverty rate is 15.7%, which is higher than the Santa Fe rate but lower than the New Mexico rate.

Housing & Affordability

This ZIP Code is primarily owner-occupied, with renters accounting for about 32.7% of households. About 51.4% of renters spend more than 30% of their income on housing, indicating high cost burden.

Education & Employment

Educational attainment is moderate, with about 32.4% of adults holding a bachelor’s degree or higher.

ZIP 87507 — Rent vs Household Income

ZIP 87507 — Poverty

How ZIP 87507 compares in New Mexico (24 ZIP Codes)

Metric	This ZIP	Rank	Starts from	State range
Rent	$1,412	19 / 24	from lower rent	$806 – $1,688
Household income	$70,398	10 / 24	from higher income	$33,087 – $94,550
Poverty rate	15.7%	13 / 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 87507

Rent

Looking at rent levels, ZIP Code 87507 places 19th out of 24 ZIP Codes in New Mexico. Throughout New Mexico, numbers span from $806 in ZIP 88001 up to $1,688 in ZIP 87144.

Household income

In terms of earnings, this ZIP comes 10th out of 24 ZIP Codes. At the state level, values extend from $33,087 in ZIP 88001 up to $94,550 in ZIP 87144.

Poverty rate

In terms of poverty rate, ZIP Code 87507 comes 13th out of 24 ZIP Codes. In New Mexico as a whole, the range goes from 7.5% in ZIP 87124 up to 34.4% in ZIP 88001.

💰 Rent in ZIP Code 87507 (with Utilities)

Estimated Monthly Rent: $1,412 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 87507

Annual Household Income: $70,398

💡 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 87507

Estimated Rate: 15.7%

💡 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 87507

In ZIP Code 87507, households that rent: 6,773 (32.7%)

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

Household Type	Count	Share
Renter-Occupied	6,773	32.7%
Owner-Occupied	13,943	67.3%

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 87507

In ZIP Code 87507, cost-burdened renters (households spending over 30% of income on housing): 3,484 (51.4%)

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

Household Group	Households	Share
Cost-burdened renters (over 30%)	3,484	51.4%
Other renter households	3,289	48.6%
Total renter households	6,773	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 87507

Less than High School: 10,699 people (29.7%)

Includes adults who did not complete high school.

High School Graduate or GED: 9,442 people (26.2%)

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

Some College or Associate Degree: 4,208 people (11.7%)

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

Bachelor’s Degree or Higher: 11,659 people (32.4%)

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

👥 Total Adults (25+): 36,008

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.