87124 Zip Code

April 23, 2024

Zip Code:	87124
City/Town:	Rio Rancho
State:	New Mexico

Population:	51,404
Per Capita Income:	$24,354
Mean Household Income:	$63,147

Total Housing Units:	19,363
Median Home Value:	$113,000
Median Year Homes Built:	1988

Land Area:	70.4 sq miles 182.4 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (87124 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

51,404

Male:

24,909

48.5%

49.2%

Female:

26,495

51.5%

50.8%

Median Age:

37.5 yrs

37.2 yrs

Under 5 years:

3,529

6.9%

6.5%

5 to 9 years:

3,792

6.9%

6.6%

10 to 19 years:

7,476

14.5%

13.8%

20 to 29 years:

6,039

11.7%

13.8%

30 to 39 years:

6,607

12.9%

13.0%

40 to 49 years:

7,305

14.2%

50 to 59 years:

7,321

14.2%

13.6%

60 to 69 years:

4,698

9.1%

9.4%

70 to 79 years:

2,602

5.1%

5.4%

80 years and over:

2,035

4.0%

3.7%

Housing Information (87124 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$113,000

$119,600

Median year homes build:

1988

1971

Median real estate taxes:

$770 / yr.

$1,334 / yr.

Median rent:

$678 / mo.

$519 / mo.

Total households:

19,363

Family households:

13,528

69.9%

66.4%

Nonfamily households:

5,835

30.1%

33.6%

Households with individuals under 18 years:

7,047

36.4%

33.4%

Households with individuals 65 years and over:

4,856

25.1%

24.9%

Average household size:

2.6

Average family size:

3.2

Total housing units:

20,610

Occupied housing units:

19,363

93.9%

88.6%

Vacant housing units:

1,247

6.1%

11.4%

For rent:

301

1.5%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

330

1.6%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

137

0.7%

3.5%

All other vacants:

413

2.0%

2.8%

Homeowner vacancy rate:

2.1%

2.4%

Rental vacancy rate:

6.4%

9.2%

Owner-occupied housing units:

15,014

Population in owner-occupied housing units:

40,095

Average household size of owner-occupied units:

2.7

2.65

Renter-occupied housing units:

4,349

Population in renter-occupied housing units:

11,112

Average household size of renter-occupied units:

2.6

2.44

Educational Attainment (87124 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

33,494

Less than 9th grade:

694

2.1%

6.2%

9th to 12th grade, no diploma:

2,341

7.0%

8.7%

High school graduate (includes equivalency):

9,482

28.3%

29.0%

Some college, no degree:

9,699

29.0%

20.6%

Associate degree:

3,057

9.1%

7.5%

Bachelor's degree:

5,588

16.7%

17.6%

Graduate or professional degree:

2,633

7.9%

10.3%

Percent high school graduate or higher:

90.9%

85.0%

Percent bachelor's degree or higher:

24.5%

27.9%

Income Information (87124 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

17,627

34.3%

50.4%

Median income:

$31,773 / yr.

$27,932 / yr.

Full-time, year-round workers:

10,598

20.6%

59.7%

Median income:

$40,235 / yr.

$38,349 / yr.

Females 15 years and over with income:

17,817

34.7%

49.6%

Median income:

$17,696 / yr.

$16,327 / yr.

Full-time, year-round workers:

7,209

14.0%

40.3%

Median income:

$28,164 / yr.

$28,135 / yr.

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