PlainZIP

Albuquerque, NM · standard

ZIP Code 87123

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

41,468
463/sq mi
$64,359
Median income
$249,500
Median home value
33.4%
Bachelor's or higher

The verdict

Albuquerque pairs a below-median household income with above-median home values, in a low-density, homeowner-dominated area.

37th pct
household income, US ZIPs
Top 43%
home value, US ZIPs
463
people per sq mi
67%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 87123 against every reporting US ZIP.

ZIP code 87123 is a densely settled ZIP (a standard USPS delivery area) in Albuquerque, Bernalillo County, New Mexico, with 41,468 residents across 89.5 square miles, a density of 463 people per square mile, in the Denver time zone.

ZIP 87123 reports a modest median household income of $64,359 (9% above the New Mexico average), while per-capita income is $39,011. Poverty here runs at 20.4%, with unemployment measured at 4.3%. On housing, the median home value is $249,500 (16% above the state average) with median rent at $1,086 per month, and 67.0% of occupied units are owner-occupied.

A solid share of residents have a four-year degree: 33.4% of adults hold a bachelor's degree or higher, the median age is 39.9, and the average commute is 23 minutes. To put 87123 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Bernalillo County, for a geography-aware comparison.

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 87123

Top 5 sectors by establishment count in Albuquerque, NM

Which industries have the most business establishments in ZIP 87123.

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 87123, Albuquerque, 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

41,468

Population

89.5

Area (sq mi)

463

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 87123?

39.9

Median Age

51.1%

Male

48.9%

Female

12.1%

Foreign-Born

White 48.6%
African American 5.0%
Asian 5.2%
American Indian or Alaska Native 5.4%
Native Hawaiian or Pacific Islander 0.3%
Two or More Ethnicities 22.0%
Hispanic or Latino 41.8%

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?

$64,359

Median Household Income

+9% vs state

$39,011

Per Capita Income

20.4%

Poverty Rate

4.3%

Unemployment Rate

22.7 min

Mean Commute Time

How ZIP 87123 ranks nationally

Albuquerque, NM household income vs. every US ZIP code

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

$64,359 37th percentile higher than 37% 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%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $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 57.8%
Bachelor's Degree or Higher 33.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

20,564

Total Housing Units

19,320

Occupied Units

1,244

Vacant Units

2.18

Avg Household Size

Occupancy Type

Owner 67.0%
Renter 33.0%

$249,500

Median Home Value

+16% vs state

$1,086

Median Rent

1981

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

+5.2%

YoY Change (2024)

248

HPI Index (2000 = 100)

+148%

Total Change Since 2000

Home values in ZIP 87123 have increased 5.2% over the past year (2024). Since 2000, this ZIP has seen +148% cumulative appreciation.

Year Annual Change HPI Index
2020 +5.4% 166
2021 +11.4% 185
2022 +18.1% 218
2023 +7.9% 235
2024 +5.2% 248

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 592 business establishments in ZIP 87123, employing approximately 23,356 people with a combined annual payroll of $1,526,892,000.

592

Businesses

23,356

Employees

$1.5B

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Retail trade 92 15.5%
Accommodation and food services 80 13.5%
Other services (except public administration) 76 12.8%
Construction 68 11.5%
Professional, scientific, and technical services 63 10.6%
Health care and social assistance 52 8.8%
Manufacturing 36 6.1%
Real estate and rental and leasing 32 5.4%
Transportation and warehousing 18 3.0%
Administrative and support and waste management and remediation services 17 2.9%
Wholesale trade 16 2.7%
Finance and insurance 16 2.7%
Arts, entertainment, and recreation 13 2.2%
Information 6 1.0%
Management of companies and enterprises 3 0.5%
Educational services 3 0.5%

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 87123 vs 87112 →

ZIP 87123 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 87123 ranks #3 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 87123 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 87123 ranks #8 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
87112 Albuquerque, NM 43,584 3.4 mi
87111 Albuquerque, NM 56,490 5.1 mi
87108 Albuquerque, NM 38,647 6.2 mi
87116 Albuquerque, NM 4,117 6.0 mi
87117 Kirtland Afb, NM 310 5.8 mi
87110 Albuquerque, NM 38,587 6.7 mi
87122 Albuquerque, NM 17,977 8.4 mi
87008 Cedar Crest, NM 2,552 6.7 mi
87109 Albuquerque, NM 40,432 8.3 mi
87113 Albuquerque, NM 14,477 10.5 mi

More ZIP Codes in Bernalillo County

87121 standard
Albuquerque, NM
Pop: 76,721
87114 standard
Albuquerque, NM
Pop: 61,623
87120 standard
Albuquerque, NM
Pop: 58,023
87105 standard
Albuquerque, NM
Pop: 57,680
87111 standard
Albuquerque, NM
Pop: 56,490
87112 standard
Albuquerque, NM
Pop: 43,584

Related Areas

Bernalillo County Albuquerque, NM New Mexico

Frequently Asked Questions

What county is ZIP code 87123 in? ▼
ZIP code 87123 (Albuquerque) is located in Bernalillo County, New Mexico. Bernalillo County contains multiple ZIP codes, see the full list at /counties/bernalillo-nm.
What is the population of ZIP code 87123? ▼
ZIP code 87123 in Albuquerque, NM has a population of 41,468 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 87123? ▼
The median household income in ZIP 87123 is $64,359, which is 16% below the national average of $76,288.
What is the average home value in ZIP 87123? ▼
The median home value in ZIP 87123 is $249,500, which is 10% below the national average of $278,155.
What is the demographic makeup of ZIP 87123? ▼
The largest racial group in ZIP 87123 is White at 48.6%. Hispanic or Latino residents make up 41.8% of the population.
How many businesses are in ZIP code 87123? ▼
ZIP code 87123 has 592 business establishments employing approximately 23,356 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 87123? ▼
The top industries by establishment count in ZIP 87123 are: Retail trade (92), Accommodation and food services (80), Other services (except public administration) (76). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 87123? ▼
According to the FHFA House Price Index, home values in ZIP 87123 increased by 5.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 148%. 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 87123? ▼
In ZIP code 87123, 57.8% of residents aged 25+ have a high school diploma or higher, and 33.4% 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 87123? ▼
The mean commute time for workers in ZIP code 87123 is 22.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 87123? ▼
In ZIP code 87123, approximately 67.0% of occupied housing units are owner-occupied and 33.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 87123? ▼
The poverty rate in ZIP code 87123 is 20.4% 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.