PlainZIP

Corrales, NM · standard

ZIP Code 87048

Sandoval County, New Mexico - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

8,682
304/sq mi
$102,004
Median income
$574,000
Median home value
50.2%
Bachelor's or higher

The verdict

Corrales pairs an upper-quartile household income with top-decile home values, in a low-density, homeowner-dominated area.

Top 18%
household income, US ZIPs
Top 10%
home value, US ZIPs
304
people per sq mi
91%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 87048 against every reporting US ZIP.

ZIP code 87048 is a mid-sized community (a standard USPS delivery area) in Corrales, Sandoval County, New Mexico, home to 8,682 residents across 28.6 square miles, a density of 304 people per square mile, in the Denver time zone.

ZIP 87048 lands in the middle-income range, with a median household income of $102,004 (72% above the New Mexico average), while per-capita income is $61,833. Poverty here runs at 7.2%, with unemployment measured at 6.2%. Median home value sits at $574,000 (167% above the state average), median rent at $1,143 a month, and owner-occupancy at 91.1%.

This is a highly-educated ZIP: 50.2% of adults hold a bachelor's degree or higher, the median age is 55.4, and the average commute is 29 minutes. Beyond these figures, 10 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Sandoval County, letting you compare 87048 to its immediate surroundings rather than a national baseline alone.

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 87048

Top 5 sectors by establishment count in Corrales, NM

Which industries have the most business establishments in ZIP 87048.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 87048, Corrales, 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

8,682

Population

28.6

Area (sq mi)

304

People / sq mi

Denver

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 87048?

55.4

Median Age

45.1%

Male

54.9%

Female

5.3%

Foreign-Born

White 66.8%
African American 0.9%
Asian 0.8%
American Indian or Alaska Native 2.7%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 23.5%
Hispanic or Latino 31.5%

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

How ZIP 87048 ranks nationally

Corrales, NM household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$102,004 Top 18% higher than 82% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). This entry sits in this band. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 66.6%
Bachelor's Degree or Higher 50.2%

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

Owner 91.1%
Renter 8.9%

$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 87048 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 87048 ranks #0 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 87048 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 87048 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

87124 standard
Rio Rancho, NM
Pop: 51,404
87144 standard
Rio Rancho, NM
Pop: 37,719
87004 standard
Bernalillo, NM
Pop: 10,136
87013 standard
Cuba, NM
Pop: 5,200
87043 standard
Placitas, NM
Pop: 5,052
87001 standard
Algodones, NM
Pop: 3,684

Related Areas

Sandoval County Corrales, NM New Mexico

Frequently Asked Questions

What county is ZIP code 87048 in? ▼
ZIP code 87048 (Corrales) is located in Sandoval County, New Mexico. Sandoval County contains multiple ZIP codes, see the full list at /counties/sandoval-nm.
What is the population of ZIP code 87048? ▼
ZIP code 87048 in Corrales, NM has a population of 8,682 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 87048? ▼
The median household income in ZIP 87048 is $102,004, which is 34% above the national average of $76,288.
What is the average home value in ZIP 87048? ▼
The median home value in ZIP 87048 is $574,000, which is 106% above the national average of $278,155.
What is the demographic makeup of ZIP 87048? ▼
The largest racial group in ZIP 87048 is White at 66.8%. Hispanic or Latino residents make up 31.5% of the population.
How many businesses are in ZIP code 87048? ▼
ZIP code 87048 has 203 business establishments employing approximately 1,251 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 87048? ▼
The top industries by establishment count in ZIP 87048 are: Professional, scientific, and technical services (39), Construction (33), Health care and social assistance (32). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 87048? ▼
According to the FHFA House Price Index, home values in ZIP 87048 increased by 6.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 152%. 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 87048? ▼
In ZIP code 87048, 66.6% of residents aged 25+ have a high school diploma or higher, and 50.2% 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 87048? ▼
The mean commute time for workers in ZIP code 87048 is 28.8 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 87048? ▼
In ZIP code 87048, approximately 91.1% of occupied housing units are owner-occupied and 8.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 87048? ▼
The poverty rate in ZIP code 87048 is 7.2% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.