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87048 Zip Code Detailed Profile

 



Profiles Corrales, NM (87048) houses, apartments, residents, cars, jobs...

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City: Corrales, NM
Sandoval County, NM
Zip code population (2000): 7,595
Estimated zip code population in 2007: 8,133

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Age and Sex of Residents in zip code 87048

Zip code 87048 (Corrales, New Mexico) real estate house value trends

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Corrales, NM (87048) map from a distance

Houses and condos: 3,084
Renter-occupied apartments: 359
% of renters here:  12%
State:  30%

2008 cost of living index in zip code 87048: 95.7 (near average, U.S. average is 100)

Land area: 10.2 sq. mi.
Water area: 0.0 sq. mi.
Population density: 798 people per square mile 
 
 (low).

Estimate of real estate property taxes paid for housing units in 2007:
This zip code:  0.6% ($1,418)
New Mexico:  0.8% ($699)

List your B&M business here for free. Over a million visitors/week. Get a huge advantage over your competition

Males: 3,657  (48.2%)
Females: 3,938  (51.8%)

Zip code 87048 races chart


87048, NM forum
Recent posts about zip code 87048 area on our local forum with over 700,000 registered users:
Rio Rancho  (54 replies)
Albuquerque Metro Photo Thread  (470 replies)
101+ Reasons That I Miss Albuquerque  (97 replies)
Just Moved Here, And Feeling Unsafe  (92 replies)
What is it about Río Rancho?  (147 replies)
Nice Areas of Albuquerque?  (56 replies)
100% urban population.

Estimated median house/condo value in 2007: $420,368
87048:  $420,368
New Mexico:  $155,400


According to our research of public records there were 4 registered sex offenders living in 87048 zip code in early 2007.
The number of registered sex offenders compared to the number of residents in this zip code is smaller than the state average.

Median resident age:  42.4 years
New Mexico median age:  34.6 years

Average household size:
This zip code:  2.6 people
New Mexico:  2.6 people

Averages for the 2004 tax year for zip code 87048, filed in 2005:
Average Adjusted Gross Income (AGI) in 2004: $75,444 (Individual Income Tax Returns)
Here:  $75,444
State:  $39,572

Salary/wage: $61,559 (reported on 77.5% of returns)
Here:  $61,559
State:  $34,237
(% of AGI for various income ranges: 157.8% for AGIs below $10k, 71.1% for AGIs $10k-25k, 69.4% for AGIs $25k-50k, 67.3% for AGIs $50k-75k, 68.3% for AGIs $75k-100k, 59.4% for AGIs over 100k)

Taxable interest for individuals: $2,536 (reported on 61.0% of returns)
This zip code:  $2,536
New Mexico:  $1,873
(% of AGI for various income ranges: 14.8% for AGIs below $10k, 3.0% for AGIs $10k-25k, 2.2% for AGIs $25k-50k, 2.2% for AGIs $50k-75k, 2.1% for AGIs $75k-100k, 1.8% for AGIs over 100k)

Taxable dividends: $4,033 (reported on 42.7% of returns)
Here:  $4,033
State:  $3,554
(% of AGI for various income ranges: 15.7% for AGIs below $10k, 2.6% for AGIs $10k-25k, 2.1% for AGIs $25k-50k, 2.2% for AGIs $50k-75k, 2.2% for AGIs $75k-100k, 2.2% for AGIs over 100k)

Net capital gain/loss: +$12,596 (reported on 37.8% of returns)
Here:  +$12,596
State:  +$10,425
(% of AGI for various income ranges: -8.3% for AGIs below $10k, 1.1% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 1.4% for AGIs $50k-75k, 2.5% for AGIs $75k-100k, 9.0% for AGIs over 100k)

Profit/loss from business: +$18,748 (reported on 24.2% of returns)
Here:  +$18,748
State:  +$8,875
(% of AGI for various income ranges: 16.1% for AGIs below $10k, 7.6% for AGIs $10k-25k, 6.9% for AGIs $25k-50k, 5.7% for AGIs $50k-75k, 5.7% for AGIs $75k-100k, 5.8% for AGIs over 100k)

IRA payment deduction: $3,478 (reported on 5.2% of returns)
87048:  $3,478
New Mexico:  $2,940
(% of AGI for various income ranges: 0.5% for AGIs $10k-25k, 0.6% for AGIs $25k-50k, 0.4% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 0.1% for AGIs over 100k)

Self-employed pension: $14,868 (reported on 2.9% of returns)
Here:  $14,868
New Mexico:  $13,110
(% of AGI for various income ranges: 0.3% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.6% for AGIs $75k-100k, 0.7% for AGIs over 100k)

Total itemized deductions: $24,046 (1% of AGI, reported on 52.4% of returns)
Here:  $24,046
State:  $18,103
(% of AGI for various income ranges: 55.1% for AGIs below $10k, 18.5% for AGIs $10k-25k, 18.5% for AGIs $25k-50k, 18.9% for AGIs $50k-75k, 20.4% for AGIs $75k-100k, 14.9% for AGIs over 100k)

Charity contributions deductions: $3,811 (3.0% of AGI, reported on 46.3% of returns)
Here:  $3,811
New Mexico:  $3,246

Here:  3.0% of AGI
State:  3.6% of AGI
(% of AGI for various income ranges: 1.8% for AGIs below $10k, 1.4% for AGIs $10k-25k, 2.0% for AGIs $25k-50k, 2.1% for AGIs $50k-75k, 2.9% for AGIs $75k-100k, 2.4% for AGIs over 100k)

Total tax: $14,296 (reported on 81.9% of returns)
87048:  $14,296
State:  $6,237
(% of AGI for various income ranges: 7.4% for AGIs below $10k, 4.8% for AGIs $10k-25k, 7.7% for AGIs $25k-50k, 9.5% for AGIs $50k-75k, 11.2% for AGIs $75k-100k, 19.2% for AGIs over 100k)

Earned income credit: $1,362 (reported on 8.4% of returns)
Here:  $1,362
State:  $1,796
(% of AGI for various income ranges: 9.7% for AGIs below $10k, 2.4% for AGIs $10k-25k, 0.1% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2004 taxes: 55.9%
Here:  56%
State:  57%
(% for various income ranges: 50.1% for AGIs below $10k, 50.5% for AGIs $10k-25k, 54.0% for AGIs $25k-50k, 55.8% for AGIs $50k-75k, 60.3% for AGIs $75k-100k, 63.8% for AGIs over 100k)


Estimated median household income in 2007: $80,638
This zip code:  $80,638
New Mexico:  $41,452
Corrales, NM (87048) map

Nearest zip codes: 87113, 87114, 87109, 87107, 87124, 87122.


Percentage of family households:
This zip code:  75.4%
Whole state:  68.8%

Percentage of households with unmarried partners:
This zip code:  6.1%
Whole state:  6.4%

Likely homosexual households (counted as self-reported same-sex unmarried-partner households)
  • Lesbian couples: 1.2% of all households
  • Gay men: 0.3% of all households

Housing units in zip code 87048 with a mortgage: 1,563 (174 second mortgage, 270 home equity loan, 0 both second mortgage and home equity loan)
Houses without a mortgage: 566


Median monthly owner costs for units with a mortgage: $1,804

Median monthly owner costs for units without a mortgage: $366

Residents with income below the poverty level in 2007:
This zip code:  5.6%
Whole state:  18.1%

Residents with income below 50% of the poverty level in 2007:
This zip code:  2.8%
Whole state:  7.6%

Median number of rooms in houses and condos:
Here:  6.6
State:  5.6

Median number of rooms in apartments:
Here:  4.6
State:  4.0


Zip code 87048 close-up map

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Notable locations in this zip code not listed on our city pages:

Post office: Corrales Post Office (A). Display/hide its location on the map

 

Year house built:
  • 1999 to March 2000: 102
  • 1995 to 1998: 482
  • 1990 to 1994: 684
  • 1980 to 1989: 699
  • 1970 to 1979: 527
  • 1960 to 1969: 293
  • 1950 to 1959: 171
  • 1940 to 1949: 72
  • 1939 or earlier: 156



Zip code 87048 satellite photo by USGS


Bedrooms in owner-occupied houses in Corrales, NM (87048):
  • no bedroom: 16
  • 1 bedrooms: 32
  • 2 bedrooms: 422
  • 3 bedrooms: 1,489
  • 4 bedrooms: 577
  • 5 or more bedrooms: 127


Bedrooms in renter-occupied apartments and housing units:
  • no bedroom: 7
  • 1 bedrooms: 102
  • 2 bedrooms: 98
  • 3 bedrooms: 146
  • 4 bedrooms: 6
  • 5 or more bedrooms: 0



Vehicles available in 87048 zip code in owner-occupied houses/condos:
  • no vehicle: 23
  • 1 vehicle: 485
  • 2 vehicles: 1,100
  • 3 vehicles: 686
  • 4 vehicles: 263
  • 5 or more vehicles: 106


Vehicles available in renter-occupied apartments:
  • no vehicle: 28
  • 1 vehicle: 185
  • 2 vehicles: 107
  • 3 vehicles: 31
  • 4 vehicles: 0
  • 5 or more vehicles: 8



Estimated household income distribution in 2007:

Zip code 87048 household income distribution in 2007

Zip code 87048 house/condo values in 2007


Estimate of home value of owner-occupied houses/condos in 2007 in zip code 87048:

  • Less than $10,000: 17
  • $10,000 to $14,999: 8
  • $15,000 to $19,999: 2
  • $30,000 to $34,999: 7
  • $35,000 to $39,999: 16
  • $40,000 to $49,999: 3
  • $50,000 to $59,999: 5
  • $60,000 to $69,999: 14
  • $70,000 to $79,999: 6
  • $80,000 to $89,999: 18
  • $90,000 to $99,999: 21
  • $100,000 to $124,999: 33
  • $125,000 to $149,999: 72
  • $150,000 to $174,999: 106
  • $175,000 to $199,999: 78
  • $200,000 to $249,999: 250
  • $250,000 to $299,999: 206
  • $300,000 to $399,999: 453
  • $400,000 to $499,999: 603
  • $500,000 to $749,999: 626
  • $750,000 to $999,999: 163
  • $1,000,000 or more: 145
 



87048 rent paid by renters


Rent paid by renters in 2007 in zip code 87048:

  • $150 to $199: 6
  • $250 to $299: 10
  • $300 to $349: 5
  • $350 to $399: 10
  • $400 to $449: 55
  • $450 to $499: 38
  • $500 to $549: 11
  • $550 to $599: 39
  • $600 to $649: 9
  • $650 to $699: 13
  • $700 to $749: 27
  • $750 to $799: 26
  • $800 to $899: 20
  • $900 to $999: 128
  • $1,000 to $1,249: 95
  • No cash rent: 33
 


Median price asked for vacant for-sale houses and condos in 2007: $354,660.


Estimated median house (or condo) value in 2007 for:

  • White Non-Hispanic householders: $452,236
  • Black or African American householders: $1,026,691
  • American Indian or Alaska Native householders: $237,206
  • Some other race householders: $299,136
  • Two or more races householders: $349,075
  • Hispanic or Latino householders: $302,257

Estimated median house or condo value in 2007: $407,833 (it was $255,900 in 2000)
87048:  $407,833
New Mexico:  $155,400
Lower value quartile - upper value quartile: $219,281 - $541,187

Mean price in 2007:
Detached houses: $492,240
Here:  $492,240
State:  $230,092

Townhouses or other attached units: $296,314
Here:  $296,314
State:  $217,226

Mobile homes: $99,723
Here:  $99,723
State:  $56,348


Owners and renters by unit type in %



Breakdown of mean house values by ages of householders


Housing units in structures:

  • One, detached: 2,587
  • One, attached: 177
  • Two: 6
  • 3 or 4: 31
  • 5 to 9: 16
  • 10 to 19: 7
  • 20 to 49: 10
  • Mobile homes: 340
  • Boats, RVs, vans, etc.: 12
87048 zip code mode of transportation to work chart

Means of transportation to work

  • Drove a car alone: 3,097 (81%)
  • Carpooled: 267 (7%)
  • Bus or trolley bus: 14 (0%)
  • Motorcycle: 19 (0%)
  • Bicycle: 9 (0%)
  • Walked: 94 (2%)
  • Other means: 36 (1%)
  • Worked at home: 302 (8%)
 

87048 zip code travel time to work

Travel time to work

  • Less than 5 minutes: 136
  • 5 to 9 minutes: 156
  • 10 to 14 minutes: 376
  • 15 to 19 minutes: 535
  • 20 to 24 minutes: 572
  • 25 to 29 minutes: 347
  • 30 to 34 minutes: 673
  • 35 to 39 minutes: 151
  • 40 to 44 minutes: 165
  • 45 to 59 minutes: 290
  • 60 to 89 minutes: 90
  • 90 or more minutes: 45
 

Percentage of zip code residents living and working in this county: 43.5%


Household type by relationship
Households: 7,823

  • In family households: 6,928 (1,901 male householders, 378 female householders)
    2,108 spouses, 2,235 children (1,960 natural, 120 adopted, 155 stepchildren), 43 grandchildren, 0 brothers or sisters, 40 parents, 102 other relatives, 121 non-relatives
  • In nonfamily households: 895 (286 male householders (179 living alone)), 417 female householders (345 living alone)), 192 nonrelatives

Size of family households: 1,040 2-persons, 449 3-persons, 494 4-persons, 212 5-persons, 43 6-persons, 41 7-or-more-persons.

Size of nonfamily households: 524 1-person, 164 2-persons, 15 3-persons.

1,468 married couples with children.
263 single-parent households (75 men, 188 women).

82.7% of residents of 87048 zip code speak English at home.
15.3% of residents speak Spanish at home (77% very well, 16% well, 7% not well).
0.8% of residents speak other Indo-European language at home (90% very well, 10% well).
1.1% of residents speak other language at home (96% very well, 4% well).

Foreign born population: 230 (3.0%)
(60.9% of them are naturalized citizens)

This zip code:  3.0%
Whole state:  8.2%

Most common places of birth for the foreign-born residents:



  • Mexico (25%)
  • United Kingdom (20%)
  • Canada (17%)
  • Germany (15%)
  • Guatemala (10%)
  • Romania (4%)
  • Russia (4%)



Year of entry for the foreign-born population
  • 1995 to March 2000: 13
  • 1990 to 1994: 28
  • 1985 to 1989: 24
  • 1980 to 1984: 19
  • 1975 to 1979: 35
  • 1970 to 1974: 26
  • 1970 to 1974: 10
  • 1965 to 1969: 75

White population: 6,522
Black population: 46
American Indian population: 118
Asian population: 57
Native Hawaiian and Other Pacific Islander population: 2
Some other race population: 629
Two or more races population: 221

Zip code 87048 races chart


First ancestries reported:

 Other groups: 2127
 German: 753
 English: 722
 Irish: 579
 Italian: 331
 United States or American: 329
 Swedish: 187
 Scotch-Irish: 170
 Scottish: 122
 Norwegian: 110
 French (except Basque): 105
 European: 80
 British: 75
 Russian: 71
 Austrian: 70
 Polish: 63
 Welsh: 49
 French Canadian: 47
 Greek: 44
 Eastern European: 41
 Dutch: 38
 Lithuanian: 36
 Czech: 36
 Danish: 33
 Scandinavian: 31
 Canadian: 19
 Slavic: 12
 Romanian: 9
 Brazilian: 8
 Swiss: 8



Zip code 87048 topographic map


Facitilies with environmental interests located in this zip code:

  • CORRALES ELEMENTARY (ONE CORRALES ROAD in CORRALES, NM)
    (National Center for Education Statistics) - STATE ID-01011351
    Organizations: ALBUQUERQUE PUBLIC SCHOOLS (SCHOOL DISTRICT)
  • LOVELACE NORTHWEST OFFICE (3751 RIO RANCHGO BLVD NW in CORRALES, NM)
    (Resource Conservation and Recovery Act (tracking hazardous waste))
    Organizations: LOVELACE HEALTH SYSTEMS (CONTACT/OWNER)
  • COTTONWOOD MONTESSOURI SCHOOL COTTONWOOD MONTESSORI SCH (3896 CORRALES ROAD in CORRALES, NM)
    SUPERFUND (Superfund database)


Median worth of mobile homes: $131,859

Zip code 87048 marital status for males
Zip code 87048 marital status for females


Housing units lacking complete plumbing facilities: 1%

Housing units lacking complete kitchen facilities: 1%

Most commonly used house heating fuel:
  • Utility gas (75%)
  • Bottled, tank, or LP gas (14%)
  • Electricity (6%)
  • Wood (2%)
  • Solar energy (1%)
  • Fuel oil, kerosene, etc. (1%)


Place of birth for U.S.-born residents:

  • This state: 3403
  • Northeast: 822
  • Midwest: 1149
  • South: 927
  • West: 1195

59% of the 87048 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 23% lived in this county.
   Out of people who lived in different counties, 48% lived in New Mexico.

Population in 1990: 4,900. Population change in the 1990s: +2,695 (+55.0%).

Year Householders Moved Into Unit:




Private vs. public school enrollment:
Students in private schools in grades 1 to 8 (elementary and middle school): 222
Here:  21.4%
New Mexico:  8.2%

Students in private schools in grades 9 to 12 (high school): 136
Here:  27.6%
New Mexico:  7.8%

Students in private undergraduate colleges: 41
Here:  19.0%
New Mexico:  11.9%


Educational Attainment


School Enrollment by Level of School



Class of Workers



Companies with federal contracts located in this zip code (CORRALES, NM):

  • MICHAEL MARSHALL (229 MARCOS LANE; small business): $60,145 in 5 contracts from 2004 to 2006
    Contracts for Archeological/Paleontological Studies, Other Environmental Services, Studies, and Analytical Support, Other Professional Services, Land Surveys, Cadastral Services (non-construction) by Forest Service, Army, Public Buildings Service, U.S. Fish and Wildlife Service, and others
    Signed by year: 2000: $0; 2001: $0; 2002: $0; 2003: $0; 2004: $38,724; 2005: $1,500; 2006: $19,921.

    Biggest contracts:
    $26,406 with Forest Service for Archeological/Paleontological Studies. Signed on 2004-07-20. Completion date: 2004-10-15.
    $19,921 with Army for Archeological/Paleontological Studies. Signed on 2006-04-17. Completion date: 2006-04-13.
    $9,518 with Forest Service for Other Environmental Services, Studies, and Analytical Support. Signed on 2004-06-26. Completion date: 2004-10-27.
    $2,800 with Public Buildings Service for Other Professional Services. Signed on 2004-06-04. Completion date: 2004-07-07.
  • CAROLYNS CACTUS (456 RICUN ROAD; small business): $53,272 in 9 contracts from 2004 to 2006
    Contracts for Non-Food Items For Resale by Defense Commissary Agency
    Signed by year: 2000: $0; 2001: $0; 2002: $0; 2003: $0; 2004: $18,413; 2005: $22,325; 2006: $12,534.

    Biggest contracts:
    $18,413 with Defense Commissary Agency for Non-Food Items For Resale. Signed on 2004-10-01. Completion date: 2005-03-31.
    $11,270, same as above. Signed on 2005-04-01. Completion date: 2005-06-30.
    $7,188, same as above. Signed on 2006-01-01. Completion date: 2006-01-31.
    $5,346, same as above. Signed on 2006-03-01. Completion date: 2006-03-31.
  • BURST ELECTRONICS INC (495 MOCKINGBIRD LN; small business): $11,249 in 2 contracts in 2004
    $6,000 with Department of Defense for Miscellaneous Construction Equipment. Signed on 2004-11-01. Completion date: 2004-11-26.
    $5,249 with Department of Defense for ADP Support Equipment. Signed on 2004-10-21. Completion date: 2004-11-20.
  • MORRIS P HARDY (3949 CORRALES RD STE 200; small business)
    $2,662 with Air Force for Maintenance, Repair and Rebuilding of Equipment -- Automatic Data Processing Equipment (Including Firmware), Software, Supplies and Support Equipment. Signed on 2006-03-24. Completion date: 2006-04-23.


Top industries in this zip code by the number of employees in 2005:

  • Accommodation and Food Services: Full-Service Restaurants (100-249 employees: 1 establishment, 20-49 employees: 1 establishment, 10-19 employees: 1 establishment, 5-9 employees: 1 establishment)
  • Other Services (except Public Administration): Religious Organizations (100-249: 1, 5-9: 1)
  • Accommodation and Food Services: Limited-Service Restaurants (50-99: 1, 20-49: 1, 10-19: 1, 1-4: 1)
  • Construction: New Single-Family Housing Construction (except Operative Builders) (10-19: 1, 5-9: 2, 1-4: 18)
  • Construction: New Housing Operative Builders (20-49: 1, 10-19: 1)
  • Health Care and Social Assistance: Child Day Care Services (20-49: 1, 10-19: 1)
  • Professional, Scientific, and Technical Services: Administrative Management and General Management Consulting Services (20-49: 1, 1-4: 3)
  • Construction: Electrical Contractors (20-49: 1, 1-4: 2)
  • Professional, Scientific, and Technical Services: Surveying and Mapping (except Geophysical) Services (20-49: 1, 1-4: 2)
  • Health Care and Social Assistance: Offices of Physicians, Mental Health Specialists (20-49: 1, 1-4: 1)

Age and Sex of Sensory-Disabled Residents (Noninstitutionalized)

Age and Sex of Physically-Disabled Residents (Noninstitutionalized)


Age and Sex of Mentally-Disabled Residents (Noninstitutionalized)

Age and Sex of Self-Care Disabled Residents (Noninstitutionalized)


Age and Sex of Go-Outside-Home Disabled Residents (Noninstitutionalized)

Age and Sex of Residents with Employment Disability (Noninst.)





Home Mortgage Disclosure Act Aggregated Statistics For Year 2007
(Based on 2 full and 4 partial tracts)
A) FHA, FSA/RHS & VA
Home Purchase Loans
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
G) Loans On Manufactured
Home Dwelling (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED1$245,630230$333,625452$294,41682$146,06732$257,5727$157,376
APPLICATIONS APPROVED, NOT ACCEPTED0$035$326,28580$344,34611$183,5317$190,6100$0
APPLICATIONS DENIED1$167,58023$422,661254$349,94832$123,49812$387,17320$94,610
APPLICATIONS WITHDRAWN0$017$347,391104$338,30518$72,1315$460,12213$86,894
FILES CLOSED FOR INCOMPLETENESS0$09$367,65637$355,3082$265,7950$02$194,595
Choose year:  2007 2006 2005 2004 2003 1999

Detailed HMDA statistics for the following Tracts: 0047.16 , 0106.01, 0106.02

Private Mortgage Insurance Companies Aggregated Statistics For Year 2007
(Based on 2 full and 4 partial tracts)
A) Conventional
Home Purchase Loans
B) Refinancings
C) Non-occupant Loans on
< 5 Family Dwellings (A & B)
D) Loans On Manufactured
Home Dwelling (A & B)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED24$333,45017$341,7251$338,6000$0
APPLICATIONS APPROVED, NOT ACCEPTED3$336,5374$440,6450$00$0
APPLICATIONS DENIED0$02$161,2900$02$161,290
APPLICATIONS WITHDRAWN2$224,6503$649,6030$00$0
FILES CLOSED FOR INCOMPLETENESS0$00$00$00$0
Choose year:  2007 2006 2005 2004 2003 1999

Detailed PMIC statistics for the following Tracts: 0047.16 , 0106.01, 0106.02

Conventional Home Purchase Loans

Conventional Home Purchase Loans - Value




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