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 High-density area
- $64,359
- Median income Near-median income area
- $249,500
- Median home value Near-median home value
- 33.4%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 87123 (Albuquerque, NM) rose +5.2% from 2023 to 2024. The all-transactions index moved from 235.5 in 2023 to 247.8 in 2024 (2000 = 100).
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 average New Mexico ZIP), while per-capita income is $39,011. The poverty rate is 20.4%, so the area-level income figures should not be treated as typical household experience. Housing is both higher-cost and owner-heavy: median home value is $249,500 (16% above the average New Mexico ZIP), while 67.0% of occupied homes are owner-occupied and median rent is $1,086.
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. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Bernalillo County, so 87123 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 87123
Top 5 sectors by establishment count in Albuquerque, NM
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 + 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
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 ZIP avg
$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
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
20,564housing units
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 ZIP avg
$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.
- 87111
Albuquerque (87111)
56,490 residents
- 87112
Albuquerque (87112)
43,584 residents
- 87123
Albuquerque (87123)
41,468 residents
- 87109
Albuquerque (87109)
40,432 residents
- 87108
Albuquerque (87108)
38,647 residents
- 87110
Albuquerque (87110)
38,587 residents
- 87122 17,977
Albuquerque (87122)
17,977 residents
- 87113 14,477
Albuquerque (87113)
14,477 residents
- 87116 4,117
Albuquerque (87116)
4,117 residents
What this shows Among its immediate neighbors, ZIP 87123 ranks #3 by population - useful context the national average alone can't give.
ZIP 87123 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 87122
Albuquerque (87122)
$169,041 median income
- 87113
Albuquerque (87113)
$95,922 median income
- 87111
Albuquerque (87111)
$90,290 median income
- 87008
Cedar Crest (87008)
$85,673 median income
- 87116
Albuquerque (87116)
$83,774 median income
- 87112
Albuquerque (87112)
$73,937 median income
- 87110 $64,892
Albuquerque (87110)
$64,892 median income
- 87123 $64,359
Albuquerque (87123)
$64,359 median income
- 87109 $58,900
Albuquerque (87109)
$58,900 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 87123, 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 (41,468 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Bernalillo County
Related Areas
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.
Related
Take this with you
What to do with ZIP 87123's numbers, next.
- See how ZIP 87123 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Albuquerque, 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.