Los Lunas, NM · standard
ZIP Code 87031
Valencia County, New Mexico - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 44,075
- 34/sq mi Moderate-density area
- $60,902
- Median income Below-median income area
- $229,500
- Median home value Near-median home value
- 20.3%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Los Lunas pairs a below-median household income with above-median home values, in a rural, homeowner-dominated area.
- 31st pct
- household income, US ZIPs
- Top 48%
- home value, US ZIPs
- 34
- people per sq mi
- 83%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 87031 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 87031 (Los Lunas, NM) rose +7.2% from 2023 to 2024. The all-transactions index moved from 217.9 in 2023 to 233.6 in 2024 (2000 = 100).
ZIP code 87031 is a densely settled ZIP (a standard USPS delivery area) in Los Lunas, Valencia County, New Mexico, with 44,075 residents across 1315.7 square miles, a density of 34 people per square mile, in the Denver time zone.
ZIP 87031 reports a modest median household income of $60,902 (3% above the average New Mexico ZIP), while per-capita income is $29,147. The poverty rate is 17.4%, with unemployment at 7.0%; those measures add context to the income figure. Median home value is $229,500 (7% above the average New Mexico ZIP) and median rent is $1,062; 83.2% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 20.3% of adults hold a bachelor's degree or higher, the median age is 38, and the average commute is 32 minutes. The page also surfaces 1 ZIP codes within roughly 10 miles and 4 more in Valencia County, so 87031 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 87031
Top 5 sectors by establishment count in Los Lunas, NM
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$29,147
Per Capita Income
17.4%
Poverty Rate
7.0%
Unemployment Rate
31.5 min
Mean Commute Time
How ZIP 87031 ranks nationally
Los Lunas, NM household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$60,902 31st percentile higher than 31% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
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?
Housing stock: occupied vs vacant
17,380housing units
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 ZIP avg
$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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 87031, both outside NM so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (44,075 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Valencia County
Related Areas
Frequently Asked Questions
What county is ZIP code 87031 in?
ZIP code 87031 (Los Lunas) is located in Valencia County, New Mexico. Valencia County contains multiple ZIP codes, see the full list at /counties/valencia-nm.
What is the population of ZIP code 87031?
ZIP code 87031 in Los Lunas, NM has a population of 44,075 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 87031?
The median household income in ZIP 87031 is $60,902, which is 20% below the national average of $76,288.
What is the average home value in ZIP 87031?
The median home value in ZIP 87031 is $229,500, which is 17% below the national average of $278,155.
What is the demographic makeup of ZIP 87031?
The largest racial group in ZIP 87031 is White at 47.4%. Hispanic or Latino residents make up 63.0% of the population.
How many businesses are in ZIP code 87031?
ZIP code 87031 has 518 business establishments employing approximately 6,753 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 87031?
The top industries by establishment count in ZIP 87031 are: Construction (86), Retail trade (86), Health care and social assistance (72). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 87031?
According to the FHFA House Price Index, home values in ZIP 87031 increased by 7.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 134%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 87031?
In ZIP code 87031, 53.0% of residents aged 25+ have a high school diploma or higher, and 20.3% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 87031?
The mean commute time for workers in ZIP code 87031 is 31.5 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 87031?
In ZIP code 87031, approximately 83.2% of occupied housing units are owner-occupied and 16.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 87031?
The poverty rate in ZIP code 87031 is 17.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 87031's numbers, next.
- See how ZIP 87031 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Los Lunas, NM ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.