ZIP Code 87123
standardSource:
Albuquerque · Bernalillo County · New Mexico
- Population
- 41,468
- Median income
- $64,359
- Median home value
- $249,500
- Bachelor's or higher
- 33.4%
- Land area
- 89.5 sq mi
463/sq mi
▼ 16% vs US
higher than 37% of US ZIPs
▼ 10% vs US
higher than 57% of US ZIPs
Median age 39.9
Denver
ZIP code 87123 in Albuquerque, New Mexico has a population of 41,468. The median household income is $64,359, which is 16% below the national average. Median home value is $249,500, 10% below the US average. 33.4% of residents hold a bachelor's degree or higher.
ZIP code 87123 is classified by USPS as a standard delivery area and covers roughly 89.5 square miles in Albuquerque, Bernalillo County, New Mexico. The area is home to 41,468 residents, producing a population density of 463 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 87123 against New Mexico and the nation.
On the economic side, the median household income for ZIP 87123 sits at $64,359 (9% above the New Mexico average), while per-capita income is $39,011. The poverty rate stands at 20.4% and the unemployment rate 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 direct signal of whether 87123 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 33.4% of adults hold a bachelor's degree or higher, the median age is 39.9, and the average commute is 23 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Bernalillo County, so you can benchmark 87123 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 87123
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 87123.
- Retail trade
Retail trade
92 establishments
- Accommodation and food services
Accommodation and food services
80 establishments
- Other services (except public administration)
Other services (except public administration)
76 establishments
- Construction
Construction
68 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
63 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 87123, Albuquerque, 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
41,468
Population
89.5
Area (sq mi)
463
People / sq mi
Denver
Time Zone
standard
ZIP Type
Who lives in ZIP 87123?
39.9
Median Age
51.1%
Male
48.9%
Female
12.1%
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?
$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
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?
20,564
Total Housing Units
19,320
Occupied Units
1,244
Vacant Units
2.18
Avg Household Size
Occupancy Type
$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 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
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Frequently Asked Questions
What county is ZIP code 87123 in? ▼
What is the population of ZIP code 87123? ▼
What is the median household income in ZIP 87123? ▼
What is the average home value in ZIP 87123? ▼
What is the demographic makeup of ZIP 87123? ▼
How many businesses are in ZIP code 87123? ▼
What are the main industries in ZIP code 87123? ▼
How have home values changed in ZIP code 87123? ▼
What is the education level in ZIP code 87123? ▼
What is the average commute time in ZIP 87123? ▼
What percentage of residents own vs. rent in ZIP 87123? ▼
What is the poverty rate in ZIP code 87123? ▼
ZIP Code Research Guides
Official Data Resources for Albuquerque, 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.