Rio Rancho, NM · standard
ZIP Code 87124
Sandoval County, New Mexico - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 51,404
- 282/sq mi High-density area
- $86,555
- Median income Above-median income area
- $298,000
- Median home value Above-median home value
- 33.7%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Rio Rancho pairs an above-median household income with above-median home values, in a low-density, homeowner-dominated and unusually populous area.
- Top 30%
- household income, US ZIPs
- Top 34%
- home value, US ZIPs
- 282
- people per sq mi
- 79%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 87124 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 87124 (Rio Rancho, NM) rose +5.7% from 2023 to 2024. The all-transactions index moved from 253.3 in 2023 to 267.9 in 2024 (2000 = 100).
ZIP code 87124 is a densely settled ZIP (a standard USPS delivery area) in Rio Rancho, Sandoval County, New Mexico, with 51,404 residents across 182.5 square miles, a density of 282 people per square mile, in the Denver time zone.
ZIP 87124 lands in the middle-income range, with a median household income of $86,555 (46% above the average New Mexico ZIP), while per-capita income is $41,374. The poverty rate is 7.5%, with unemployment at 4.3%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $298,000 (38% above the average New Mexico ZIP), while 79.1% of occupied homes are owner-occupied and median rent is $1,434.
A solid share of residents have a four-year degree: 33.7% of adults hold a bachelor's degree or higher, the median age is 40.9, and the average commute is 28 minutes. The page also surfaces 4 ZIP codes within roughly 10 miles and 6 more in Sandoval County, so 87124 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 87124
Top 5 sectors by establishment count in Rio Rancho, NM
Which industries have the most business establishments in ZIP 87124.
- Health care and social assistance
Health care and social assistance
187 establishments
- Other services (except public administration)
Other services (except public administration)
109 establishments
- Construction
Construction
106 establishments
- Accommodation and food services
Accommodation and food services
102 establishments
- Retail trade
Retail trade
93 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 87124, Rio Rancho, 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
51,404
Population
182.5
Area (sq mi)
282
People / sq mi
Denver
Time Zone
standard
ZIP Type
Who lives in ZIP 87124?
40.9
Median Age
49.9%
Male
50.1%
Female
5.4%
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?
$86,555
Median Household Income
+46% vs state ZIP avg
$41,374
Per Capita Income
7.5%
Poverty Rate
4.3%
Unemployment Rate
27.7 min
Mean Commute Time
How ZIP 87124 ranks nationally
Rio Rancho, NM household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$86,555 Top 30% higher than 70% 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
23,482housing units
23,482
Total Housing Units
22,563
Occupied Units
919
Vacant Units
2.56
Avg Household Size
Occupancy Type
$298,000
Median Home Value
+38% vs state ZIP avg
$1,434
Median Rent
1991
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
+5.7%
YoY Change (2024)
268
HPI Index (2000 = 100)
+168%
Total Change Since 2000
Home values in ZIP 87124 have increased 5.7% over the past year (2024). Since 2000, this ZIP has seen +168% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +6.0% | 169 |
| 2021 | +14.7% | 194 |
| 2022 | +18.2% | 229 |
| 2023 | +10.8% | 253 |
| 2024 | +5.7% | 268 |
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 979 business establishments in ZIP 87124, employing approximately 16,067 people with a combined annual payroll of $926,907,000.
979
Businesses
16,067
Employees
$926.9M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 187 | 19.1% |
| Other services (except public administration) | 109 | 11.1% |
| Construction | 106 | 10.8% |
| Accommodation and food services | 102 | 10.4% |
| Retail trade | 93 | 9.5% |
| Finance and insurance | 69 | 7.0% |
| Professional, scientific, and technical services | 63 | 6.4% |
| Administrative and support and waste management and remediation services | 62 | 6.3% |
| Real estate and rental and leasing | 59 | 6.0% |
| Manufacturing | 32 | 3.3% |
| Wholesale trade | 22 | 2.3% |
| Transportation and warehousing | 19 | 1.9% |
| Information | 19 | 1.9% |
| Educational services | 16 | 1.6% |
| Arts, entertainment, and recreation | 12 | 1.2% |
| Management of companies and enterprises | 4 | 0.4% |
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 87124 vs 87144 →
ZIP 87124 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 87114
Albuquerque (87114)
61,623 residents
- 87120
Albuquerque (87120)
58,023 residents
- 87124
Rio Rancho (87124)
51,404 residents
- 87144
Rio Rancho (87144)
37,719 residents
- 87107
Albuquerque (87107)
31,183 residents
What this shows Among its immediate neighbors, ZIP 87124 ranks #3 by population - useful context the national average alone can't give.
ZIP 87124 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 87144
Rio Rancho (87144)
$94,550 median income
- 87120
Albuquerque (87120)
$86,907 median income
- 87124
Rio Rancho (87124)
$86,555 median income
- 87114
Albuquerque (87114)
$84,277 median income
- 87107
Albuquerque (87107)
$61,672 median income
What this shows By household income, ZIP 87124 ranks #3 of 5 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 87124, 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 (51,404 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Sandoval County
Related Areas
Frequently Asked Questions
What county is ZIP code 87124 in?
ZIP code 87124 (Rio Rancho) 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 87124?
ZIP code 87124 in Rio Rancho, NM has a population of 51,404 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 87124?
The median household income in ZIP 87124 is $86,555, which is 13% above the national average of $76,288.
What is the average home value in ZIP 87124?
The median home value in ZIP 87124 is $298,000, which is 7% above the national average of $278,155.
What is the demographic makeup of ZIP 87124?
The largest racial group in ZIP 87124 is White at 58.5%. Hispanic or Latino residents make up 40.5% of the population.
How many businesses are in ZIP code 87124?
ZIP code 87124 has 979 business establishments employing approximately 16,067 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 87124?
The top industries by establishment count in ZIP 87124 are: Health care and social assistance (187), Other services (except public administration) (109), Construction (106). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 87124?
According to the FHFA House Price Index, home values in ZIP 87124 increased by 5.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 168%. 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 87124?
In ZIP code 87124, 59.8% of residents aged 25+ have a high school diploma or higher, and 33.7% 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 87124?
The mean commute time for workers in ZIP code 87124 is 27.7 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 87124?
In ZIP code 87124, approximately 79.1% of occupied housing units are owner-occupied and 20.9% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 87124?
The poverty rate in ZIP code 87124 is 7.5% 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 87124's numbers, next.
- See how ZIP 87124 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Rio Rancho, NM ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.