87740 Zip Code

April 23, 2024

Zip Code:	87740
City/Town:	Raton
State:	New Mexico

Population:	8,068
Per Capita Income:	$18,595
Mean Household Income:	$43,541

Total Housing Units:	3,488
Median Home Value:	$72,500
Median Year Homes Built:	1958

Land Area:	829.1 sq miles 2,147.5 sq kilometers
Water Area:	0.9 sq miles 2.2 sq kilometers

Population Information (87740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

8,068

Male:

4,001

49.6%

49.2%

Female:

4,067

50.4%

50.8%

Median Age:

44.2 yrs

37.2 yrs

Under 5 years:

466

5.8%

6.5%

5 to 9 years:

508

6.7%

6.6%

10 to 19 years:

1,039

12.9%

13.8%

20 to 29 years:

833

10.3%

13.8%

30 to 39 years:

862

10.7%

13.0%

40 to 49 years:

977

12.1%

14.2%

50 to 59 years:

1,239

15.4%

13.6%

60 to 69 years:

1,053

13.1%

9.4%

70 to 79 years:

641

7.9%

5.4%

80 years and over:

450

5.6%

3.7%

Housing Information (87740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$72,500

$119,600

Median year homes build:

1958

1971

Median real estate taxes:

$323 / yr.

$1,334 / yr.

Median rent:

$309 / mo.

$519 / mo.

Total households:

3,488

Family households:

2,167

62.1%

66.4%

Nonfamily households:

1,321

37.9%

33.6%

Households with individuals under 18 years:

975

28.0%

33.4%

Households with individuals 65 years and over:

1,104

31.7%

24.9%

Average household size:

2.3

Average family size:

2.9

Total housing units:

4,155

Occupied housing units:

3,488

83.9%

88.6%

Vacant housing units:

667

16.1%

11.4%

For rent:

123

3.0%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

1.5%

1.4%

Sold, not occupied:

0.5%

0.3%

For seasonal, recreational, or occasional use:

115

2.8%

3.5%

All other vacants:

340

8.2%

2.8%

Homeowner vacancy rate:

2.5%

2.4%

Rental vacancy rate:

10.0%

9.2%

Owner-occupied housing units:

2,390

Population in owner-occupied housing units:

5,403

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

1,098

Population in renter-occupied housing units:

2,526

Average household size of renter-occupied units:

2.3

2.44

Educational Attainment (87740 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

5,590

Less than 9th grade:

413

7.4%

6.2%

9th to 12th grade, no diploma:

791

14.2%

8.7%

High school graduate (includes equivalency):

2,113

37.8%

29.0%

Some college, no degree:

1,173

21.0%

20.6%

Associate degree:

325

5.8%

7.5%

Bachelor's degree:

515

9.2%

17.6%

Graduate or professional degree:

260

4.7%

10.3%

Percent high school graduate or higher:

78.5%

85.0%

Percent bachelor's degree or higher:

13.9%

27.9%

Income Information (87740 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:

3,008

37.3%

50.4%

Median income:

$21,915 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,340

16.6%

59.7%

Median income:

$28,365 / yr.

$38,349 / yr.

Females 15 years and over with income:

2,825

35.0%

49.6%

Median income:

$11,751 / yr.

$16,327 / yr.

Full-time, year-round workers:

769

9.5%

40.3%

Median income:

$20,112 / yr.

$28,135 / yr.

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