ZIP Code 87048
standardSource:
Corrales · Sandoval County · New Mexico
- Population
- 8,682
- Median income
- $102,004
- Median home value
- $574,000
- Bachelor's or higher
- 50.2%
- Land area
- 28.6 sq mi
304/sq mi
▲ 34% vs US
higher than 82% of US ZIPs
▲ 106% vs US
higher than 90% of US ZIPs
Median age 55.4
Denver
ZIP code 87048 in Corrales, New Mexico has a population of 8,682. The median household income is $102,004, which is 34% above the national average. Median home value is $574,000, 106% above the US average. 50.2% of residents hold a bachelor's degree or higher.
ZIP code 87048 is classified by USPS as a standard delivery area and covers roughly 28.6 square miles in Corrales, Sandoval County, New Mexico. The area is home to 8,682 residents, producing a population density of 304 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 87048 against New Mexico and the nation.
On the economic side, the median household income for ZIP 87048 sits at $102,004 (72% above the New Mexico average), while per-capita income is $61,833. The poverty rate stands at 7.2% and the unemployment rate at 6.2%. On housing, the median home value is $574,000 (167% above the state average) with median rent at $1,143 per month, and 91.1% of occupied units are owner-occupied, a direct signal of whether 87048 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 50.2% of adults hold a bachelor's degree or higher, the median age is 55.4, and the average commute is 29 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Sandoval County, so you can benchmark 87048 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 87048
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 87048.
- Professional, scientific, and technical services
Professional, scientific, and technical services
39 establishments
- Construction
Construction
33 establishments
- Health care and social assistance
Health care and social assistance
32 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
19 establishments
- Retail trade
Retail trade
16 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 87048, Corrales, 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
8,682
Population
28.6
Area (sq mi)
304
People / sq mi
Denver
Time Zone
standard
ZIP Type
Who lives in ZIP 87048?
55.4
Median Age
45.1%
Male
54.9%
Female
5.3%
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?
$102,004
Median Household Income
+72% vs state
$61,833
Per Capita Income
7.2%
Poverty Rate
6.2%
Unemployment Rate
28.8 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?
4,065
Total Housing Units
3,666
Occupied Units
399
Vacant Units
2.47
Avg Household Size
Occupancy Type
$574,000
Median Home Value
+167% vs state
$1,143
Median Rent
1986
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
+6.2%
YoY Change (2024)
252
HPI Index (2000 = 100)
+152%
Total Change Since 2000
Home values in ZIP 87048 have increased 6.2% over the past year (2024). Since 2000, this ZIP has seen +152% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.2% | 177 |
| 2021 | +11.8% | 198 |
| 2022 | +10.2% | 218 |
| 2023 | +8.9% | 237 |
| 2024 | +6.2% | 252 |
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 203 business establishments in ZIP 87048, employing approximately 1,251 people with a combined annual payroll of $61,183,000.
203
Businesses
1,251
Employees
$61.2M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 39 | 19.2% |
| Construction | 33 | 16.3% |
| Health care and social assistance | 32 | 15.8% |
| Real estate and rental and leasing | 19 | 9.4% |
| Retail trade | 16 | 7.9% |
| Other services (except public administration) | 14 | 6.9% |
| Finance and insurance | 9 | 4.4% |
| Wholesale trade | 8 | 3.9% |
| Administrative and support and waste management and remediation services | 8 | 3.9% |
| Accommodation and food services | 6 | 3.0% |
| Manufacturing | 5 | 2.5% |
| Information | 4 | 2.0% |
| Educational services | 3 | 1.5% |
| Arts, entertainment, and recreation | 3 | 1.5% |
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 87048 vs 87113 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 87113 | Albuquerque, NM | 14,477 | 3.9 mi |
| 87114 | Albuquerque, NM | 61,623 | 4.5 mi |
| 87107 | Albuquerque, NM | 31,183 | 6.9 mi |
| 87109 | Albuquerque, NM | 40,432 | 6.3 mi |
| 87004 | Bernalillo, NM | 10,136 | 8.7 mi |
| 87122 | Albuquerque, NM | 17,977 | 7.5 mi |
| 87110 | Albuquerque, NM | 38,587 | 9.1 mi |
| 87144 | Rio Rancho, NM | 37,719 | 7.9 mi |
| 87104 | Albuquerque, NM | 12,123 | 9.7 mi |
| 87120 | Albuquerque, NM | 58,023 | 9.6 mi |
More ZIP Codes in Sandoval County
Related Areas
Frequently Asked Questions
What county is ZIP code 87048 in? ▼
What is the population of ZIP code 87048? ▼
What is the median household income in ZIP 87048? ▼
What is the average home value in ZIP 87048? ▼
What is the demographic makeup of ZIP 87048? ▼
How many businesses are in ZIP code 87048? ▼
What are the main industries in ZIP code 87048? ▼
How have home values changed in ZIP code 87048? ▼
What is the education level in ZIP code 87048? ▼
What is the average commute time in ZIP 87048? ▼
What percentage of residents own vs. rent in ZIP 87048? ▼
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ZIP Code Research Guides
Official Data Resources for Corrales, 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.