ZIP Code 87031
standardSource:
Los Lunas · Valencia County · New Mexico
- Population
- 44,075
- Median income
- $60,902
- Median home value
- $229,500
- Bachelor's or higher
- 20.3%
- Land area
- 1315.7 sq mi
34/sq mi
▼ 20% vs US
higher than 31% of US ZIPs
▼ 17% vs US
higher than 52% of US ZIPs
Median age 38
Denver
ZIP code 87031 in Los Lunas, New Mexico has a population of 44,075. The median household income is $60,902, which is 20% below the national average. Median home value is $229,500, 17% below the US average. 20.3% of residents hold a bachelor's degree or higher.
ZIP code 87031 is classified by USPS as a standard delivery area and covers roughly 1315.7 square miles in Los Lunas, Valencia County, New Mexico. The area is home to 44,075 residents, producing a population density of 34 people per square mile, and falls within the Denver time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 87031 against New Mexico and the nation.
On the economic side, the median household income for ZIP 87031 sits at $60,902 (3% above the New Mexico average), while per-capita income is $29,147. The poverty rate stands at 17.4% and the unemployment rate at 7.0%. On housing, the median home value is $229,500 (7% above the state average) with median rent at $1,062 per month, and 83.2% of occupied units are owner-occupied, a direct signal of whether 87031 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 20.3% of adults hold a bachelor's degree or higher, the median age is 38, and the average commute is 32 minutes. We also surface 1 nearby ZIP codes within roughly 10 miles and 4 additional ZIPs sharing Valencia County, so you can benchmark 87031 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 87031
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 87031.
- Construction
Construction
86 establishments
- Retail trade
Retail trade
86 establishments
- Health care and social assistance
Health care and social assistance
72 establishments
- Accommodation and food services
Accommodation and food services
57 establishments
- Other services (except public administration)
Other services (except public administration)
42 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 87031, Los Lunas, NM · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
44,075
Population
1315.7
Area (sq mi)
34
People / sq mi
Denver
Time Zone
standard
ZIP Type
Who lives in ZIP 87031?
38.0
Median Age
50.6%
Male
49.4%
Female
9.4%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$60,902
Median Household Income
+3% vs state
$29,147
Per Capita Income
17.4%
Poverty Rate
7.0%
Unemployment Rate
31.5 min
Mean Commute Time
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
17,380
Total Housing Units
15,957
Occupied Units
1,423
Vacant Units
2.87
Avg Household Size
Occupancy Type
$229,500
Median Home Value
+7% vs state
$1,062
Median Rent
1993
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+7.2%
YoY Change (2024)
234
HPI Index (2000 = 100)
+134%
Total Change Since 2000
Home values in ZIP 87031 have increased 7.2% over the past year (2024). Since 2000, this ZIP has seen +134% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.6% | 150 |
| 2021 | +13.9% | 171 |
| 2022 | +14.5% | 196 |
| 2023 | +11.2% | 218 |
| 2024 | +7.2% | 234 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 518 business establishments in ZIP 87031, employing approximately 6,753 people with a combined annual payroll of $286,513,000.
518
Businesses
6,753
Employees
$286.5M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 86 | 16.6% |
| Retail trade | 86 | 16.6% |
| Health care and social assistance | 72 | 13.9% |
| Accommodation and food services | 57 | 11.0% |
| Other services (except public administration) | 42 | 8.1% |
| Professional, scientific, and technical services | 39 | 7.5% |
| Finance and insurance | 36 | 7.0% |
| Real estate and rental and leasing | 26 | 5.0% |
| Transportation and warehousing | 25 | 4.8% |
| Manufacturing | 13 | 2.5% |
| Administrative and support and waste management and remediation services | 13 | 2.5% |
| Educational services | 6 | 1.2% |
| Wholesale trade | 5 | 1.0% |
| Information | 4 | 0.8% |
| Arts, entertainment, and recreation | 4 | 0.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 87031 vs 87023 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 87023 | Jarales, NM | 665 | 11.7 mi |
More ZIP Codes in Valencia County
Related Areas
Frequently Asked Questions
What county is ZIP code 87031 in? ▼
What is the population of ZIP code 87031? ▼
What is the median household income in ZIP 87031? ▼
What is the average home value in ZIP 87031? ▼
What is the demographic makeup of ZIP 87031? ▼
How many businesses are in ZIP code 87031? ▼
What are the main industries in ZIP code 87031? ▼
How have home values changed in ZIP code 87031? ▼
What is the education level in ZIP code 87031? ▼
What is the average commute time in ZIP 87031? ▼
What percentage of residents own vs. rent in ZIP 87031? ▼
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ZIP Code Research Guides
Official Data Resources for Los Lunas, NM
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.