Interested in purchasing investment houses in the 87116 zip code in Albuquerque, NM?
The zip code 87116 is in Bernalillo county with a latitude of -106.571730000000 and longitude of 35.052000000000, is in the state of New Mexico. The average asking price of houses and condos is $238,341.00 and the average sale price was $232,663.00. this regions is classified as the Albuquerque - Santa Fe metro area and is in the 505 area code. The location in degrees is 35° 3' 7.2" N, 106° 34' 18.228" W. The county F.I.P.S. is 35001. The total land area is 3.2 square miles and the water area is 0.0 square miles. The elevation in this area is 5279 - 6349 feet. The zip code is on mountain standard time and observes daylight savings time.
The zip 87116 is in county number 001 and is L. Sector 10, L. Segment , H. Sector , and H. Segment . The population was 3,961 in 2019 and 4,117 in 2010. Of this, the break down in 2019 was 3,952 urban and 8 rural. This further breaks down to 2,228 males (56.3%) and 1,733 females (43.7%). The median age of residents is 24.4 years. The population of the greater Albuquerque, NM area is 886,814. The population density (people per square mile) is 1,219. This zip code has a combined total of 1,334 houses and condos. There are 1,255 rented appartments. 98% of residents rent versus the 98% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $40,550 and the average salary is $39,561. The median household income of individuals is $38,666.00 and the average is $50,020.00. This zip code has a mean commute time to work of 12.3 minutes. The unemployment rate is 5.4%. Income earners by percent breakdown as 66.40% (Under $50,000), 30.40% ($50,000-$100,000), and 3.20% earn over $100,000. The cost of living index is 95.6. The educational breakdown is 99.9% have a high school education or higher, 42.3% have a bachelor's degree or higher, and 15.1% have some kind of profesional degree.
This area has 1,247 households and the average size is 2.9 people. Individuals who are single and have never been married are 28.8%, 66.3% are now married, 0.0% are separated, 0.6% are widowed, and 4.4% are divorced. The average yearly contribution amount given by people to charity was $4,638 versus the state average of $4,195. The percent of residents who gave to charity was 5.2%.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $2,350. In comparision, the average real estate tax percent rate in the state is 0.8% which equated to an average real estate tax amount payment in the state of $1,403. Reported taxable interest for persons was $189, dividends $540, and itemized deductions $17,130. The average earned income tax credit is $2,306. The percent of individuals that use a tax preparer is 33.3%. The total average income taxes paid by individuals was $3,340. Businesses reported an average profit of $3,088.
Thai Vegan
3804 Central Ave SE, Albuquerque, NM 87108 (1.8 miles away)
Charleys Philly Steaks
7901 Gibson Blvd Se Bldg 20176, Kirtland Afb, NM 87117 (2.5 miles away)
Weck's
730 Juan Tabo Blvd NE, Albuquerque, NM 87123 (2.6 miles away)
Thai Tip
1512 Wyoming Blvd NE Ste E, Albuquerque, NM 87112 (3.6 miles away)
The Grill on San Mateo
3300 San Mateo Blvd NE, Albuquerque, NM 87110 (4.1 miles away)
Saggio's
107 Cornell Dr SE, Albuquerque, NM 87106 (4.1 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
