Population 7,145 · Census ACS 2020–24
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Population and households in ZIP 87740
Household size in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 2.38 | 2.71 | 2.68 |
| 2010–14 | 2.44 | 2.77 | 2.73 |
| 2015–19 | 1.95 | 2.71 | 2.71 |
| 2020–24 | 2.36 | 2.63 | 2.65 |
| Change | −0.02 | −0.07 | −0.03 |
Households in ZIP 87740 are small: just 2.36 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. The biggest households, usually families with children, are concentrated in the northeast.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 43.8 | 37.4 | 37.7 |
| 2010–14 | 44.3 | 38.2 | 38.6 |
| 2015–19 | 46.0 | 39.3 | 39.6 |
| 2020–24 | 42.6 | 40.5 | 40.1 |
| Change | −1.2 | +3.2 | +2.3 |
The median resident of ZIP 87740 is 42.6 years old, a bit older than the national median of 40.1. The median age has dropped from 43.8 in 2006–10, even as the national median rose. The youngest areas are in the north, the oldest in the west.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 12.5% | 14.2% | 12.3% |
| 2010–14 | 15.3% | 14.6% | 12.3% |
| 2015–19 | 16.7% | 13.6% | 11.6% |
| 2020–24 | 18.8% | 14.4% | 11.6% |
| Change | +6.3 pts | +0.1 pts | −0.6 pts |
Single-parent households are common in ZIP 87740: 18.8% of all households, against 11.6% nationally. The single-parent share has risen 6.3 points since 2006–10, even as the national share fell. ZIP 87740 has a higher share of single-parent households than at least four in five New Mexico ZIP codes.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 87740
Renters in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 34.6% | 30.4% | 33.3% |
| 2010–14 | 36.4% | 31.8% | 35.6% |
| 2015–19 | 30.0% | 32.3% | 36.0% |
| 2020–24 | 29.2% | 30.0% | 34.8% |
| Change | −5.4 pts | −0.3 pts | +1.5 pts |
About three in ten households in ZIP 87740 rent their homes (29.2%), a little below the national share of 34.8%; the rest own. About six in ten owners (60.5%) have paid off their mortgages, well above the national share of 39.8%. Since 2006–10, the renter share has fallen 5.4 points, even as the national share rose.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 19.9% | 13.6% | 11.4% |
| 2010–14 | 25.8% | 14.2% | 11.4% |
| 2015–19 | 15.8% | 15.2% | 11.1% |
| 2020–24 | 16.4% | 11.9% | 9.6% |
| Change | −3.5 pts | −1.6 pts | −1.8 pts |
Vacancy is high in ZIP 87740: 16.4% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Vacancy has fallen 3.5 points since 2006–10, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 1967 | 1980 | 1974 |
| 2010–14 | 1967 | 1981 | 1975 |
| 2015–19 | 1965 | 1982 | 1977 |
| 2020–24 | 1964 | 1985 | 1980 |
| Change | −3 | +4 | +6 |
ZIP 87740 is a place of older homes: half were built before 1964, while the national median is 1980. That means established neighborhoods, and more houses that may need updating. Of the 75 New Mexico ZIP codes with 5,000+ people, only four have older homes.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | $501 | $777 | $965 |
| 2010–14 | $668 | $866 | $1,040 |
| 2015–19 | $661 | $943 | $1,213 |
| 2020–24 | $751 | $1,188 | $1,571 |
| Change | +$250 | +$411 | +$606 |
A typical rental in ZIP 87740 costs $751 a month with utilities, well below the national median of $1,571. Rents are up $250 a month from 2006–10, a 50% rise, a slower climb than the nation's. Rent takes 28.9% of the typical renter's income, just under the 30% mark often used to define affordable rent. Of the 75 New Mexico ZIP codes with 5,000+ people, only six have lower rents.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 87740
Bachelor's degrees in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 19.7% | 25.0% | 28.4% |
| 2010–14 | 13.5% | 25.5% | 29.6% |
| 2015–19 | 17.0% | 26.7% | 32.1% |
| 2020–24 | 19.6% | 30.2% | 35.6% |
| Change | −0.1 pts | +5.2 pts | +7.2 pts |
College degrees are relatively uncommon in ZIP 87740: 19.6% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%. College graduates are most concentrated in the northwest and least in the center.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 84.8% | 82.3% | 84.9% |
| 2010–14 | 83.9% | 83.5% | 86.1% |
| 2015–19 | 88.3% | 85.1% | 87.7% |
| 2020–24 | 87.0% | 87.5% | 89.3% |
| Change | +2.3 pts | +5.2 pts | +4.3 pts |
About one in eight adults in ZIP 87740 never finished high school, a bit more than nationally: 87.0% have a diploma or equivalent, against 89.3% across the U.S. New Mexico as a whole looks much the same. Since 2006–10, the share with a diploma has risen 2.3 points, as it has nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 87740
| Period | ZIP 87740 | New Mexico | U.S. |
|---|---|---|---|
| 2006–10 | 8.1% | 7.3% | 8.1% |
| 2010–14 | 6.2% | 9.7% | 9.4% |
| 2015–19 | 4.4% | 6.8% | 5.6% |
| 2020–24 | 5.1% | 6.0% | 5.4% |
| Change | −3.1 pts | −1.3 pts | −2.7 pts |
At 5.1%, unemployment in ZIP 87740 is close to the national rate of 5.4%. The rate is lower than in New Mexico overall (6.0%). Unemployment has fallen 3.1 points since 2006–10, as it has nationally.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 87740 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 87740 | 2.36 | 42.6 | 18.8% | 29.2% | 16.4% | 1964 | $751 | 19.6% | 87.0% | 5.1% |
| ZIP 88414 | 3.22 | 37.9 | 9.1% | 23.3% | 46.0% | 1950 | $771 | 21.5% | 83.9% | 2.3% |
| ZIP 88418 | 3.07 | 38.8 | 9.5% | 23.6% | 46.1% | 1951 | $762 | 21.7% | 83.8% | 2.1% |
| ZIP 88419 | 2.88 | 40.4 | 10.3% | 24.0% | 46.4% | 1953 | $751 | 21.7% | 83.6% | 3.4% |
| ZIP 87512 | 2.76 | 35.3 | 10.4% | 0.0% | 37.5% | 1967 | $927 | 1.9% | 100.0% | 0.0% |
| ZIP 87524 | 2.80 | 33.4 | 17.2% | 4.3% | 31.2% | 1980 | $801 | 17.4% | 95.6% | 3.3% |
| ZIP 87556 | 2.48 | 45.6 | 15.2% | 14.8% | 27.2% | 1979 | $1,097 | 16.9% | 94.9% | 3.0% |
| ZIP 87519 | 2.73 | 31.7 | 28.6% | 10.6% | 21.7% | 1999 | $621 | 39.2% | 89.7% | 6.8% |
| ZIP 73946 | 2.96 | 60.4 | 2.7% | 8.7% | 49.6% | 1966 | $571 | 51.0% | 86.6% | 0.7% |
| ZIP 73933 | 3.22 | 41.5 | 7.0% | 28.7% | 47.4% | 1962 | $694 | 20.4% | 86.8% | 0.2% |
| ZIP 87575 | 3.04 | 51.5 | 11.2% | 6.7% | 61.9% | 1991 | $505 | 15.1% | 92.0% | 7.2% |
All figures 2020–24.
Zip codes with similar populations: 03042, NH · 03811, NH · 05855, VT · 98388, WA · 07092, NJ · 70090, LA · 56367, MN · 56573, MN · 61036, IL · 61270, IL
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 87740. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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