ZIP code 87508: income, home prices and cost of living

The median household income in ZIP 87508 is $87,750, which is 73% above the New Mexico median of $50,827 and 28% above the national figure. The typical home is valued at $478,800, and the median rent is $1,589/month. 90.1% of households own their home.

Source: U.S. Census Bureau, American Community Survey (5-year). Latest observation ACS 2022.

Median household income

$87,750

New Mexico average
$50,82773%
National
$68,75028%

Median home value

$478,800

New Mexico average
$160,900198%
National
$209,600128%

Median gross rent

$1,589

New Mexico average
$85785%
National
$98461%

Median age

53.6 yrs

New Mexico average
39.1 yrs37%
National
41.0 yrs31%

Homeownership rate

90.1%

New Mexico average
76.1%18%
National
75.8%19%

Bachelor's degree or higher

22.2%

New Mexico average
11.2%98%
National
15.9%40%

How ZIP 87508 compares with New Mexico and the U.S.

State and national bars are the median across ZIP Code Tabulation Areas. Source: U.S. Census Bureau, American Community Survey (5-year), 2022.

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Homes in 87508 typically sell around $478,800. Compare what a vetted mortgage pro can actually offer you before you commit.

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Nearby ZIP codes in New Mexico

87507875068750587501875328754487547875578757187420

Or compare 87508 with 87507.

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See every local figure on the New Mexico money guide.

What people search about ZIP 87508

Searches for the cost of living in 87508, the median household income in 87508, average rent in 87508 and home values in this part of New Mexico all come back to the same Census figures shown above. Use them alongside a mortgage payment estimate, a property tax estimate and a household budget before you compare this ZIP code with a neighbouring one.

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Methodology

Figures describe ZIP Code Tabulation Area 87508, the Census Bureau's statistical approximation of the ZIP code. Values are median estimates for the five-year period ending 2022.

State and national benchmarks are the median of all ZCTAs in that geography with at least 1,000 residents, computed by us from the same public dataset.

Sources: U.S. Census Bureau, American Community Survey (5-year). American Community Survey 5-year estimates, 2022.