87048 ZIP Code – Corrales, New Mexico

87048 is a ZIP code serving Corrales, New Mexico in Sandoval County with a population of approximately 8,839 residents. Residents earn a median household income of $94,479, which is well above the New Mexico average and above the national figure. The median home value of $487,300 is well above the national average, with 91.1% owner-occupied housing (decreasing). . Median rent is $1,201, which is near the U.S. average. Housing consists of 97% single-family (increasing).

The area reports an unemployment rate of 6.6%, above the national average. The poverty rate is 7.9%, well below the national average. An estimated 50.6% of adults hold a bachelor's degree or higher, well above the national average. The median age is 54.7, above the national median. Neighboring ZIP codes include 87113, 87114, 87109.

ZIP Code 87048 Data

Population 8,839
Median Household Income $94,479
Median Home Value $487,300
Median Rent $1,201
Median Age 54.7
Unemployment Rate 6.6%
Poverty Rate 7.9%
Bachelor's Degree or Higher 50.6%
State New Mexico

ZIP 87048 vs. New Mexico vs. U.S.

MetricZIP 87048NM Avg.U.S. Avg.
Population8,8395,89610k
Median Household Income$94k$55k$73k
Median Home Value$487k$190k$258k
Median Rent$1,201$897$1,088
Median Age54.746.243.2
Unemployment Rate6.6%6.3%5.0%
Poverty Rate7.9%19.9%13.3%
Bachelor's Degree or Higher50.6%23.0%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
87113 ALBUQUERQUE 16,434 $84,668
87114 ALBUQUERQUE 67,805 $77,743
87109 ALBUQUERQUE 40,313 $53,182
87107 ALBUQUERQUE 27,873 $56,629
87122 ALBUQUERQUE 18,592 $152,360