Socorro County · New Mexico
ZIP code 87823
- Population
- 558
- Median income
- $90,707
- Median home
- $135,500
- Sales tax
- 4.875%
ZCTA residents
Household, past 12 months
Owner-occupied value
New Mexico state rate
Quick answer
ZIP 87823 sits in Socorro County, New Mexico and is home to 558 people. Median household income is $90,707, the median home is worth $135,500 and median gross rent is —. 100% of households own their home, and purchases are taxed at 4.875% (New Mexico state rate).
- County
- Socorro County
- State
- New Mexico (NM)
- Area codes
- Not published
- Metro area
- Outside covered metros
FIPS 35053
372 ZIPs covered
No NANPA match for this ZIP
Rate jurisdiction used for tax
The numbers for 87823
American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.
- Population
- 558ZIP 87823 residents
- Median household income
- $90,707Past 12 months, inflation adjusted
- Median home value
- $135,500Owner-occupied units
- Median gross rent
- —Rent plus utilities, monthly
- Median age
- 33.3 yrsAll residents
- Homeownership rate
- 100%Owner-occupied households
Sales tax in 87823
What a purchase inside this ZIP costs at checkout.
New Mexico levies 4.875% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.
Affordability in this ZIP
Derived from the Census medians above — indicative, not an offer.
A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.
How 87823 compares
ZIP 87823 against the median ZIP in Socorro County and across New Mexico.
| Measure | ZIP 87823 | County median | State median | vs state |
|---|---|---|---|---|
| Median household income | $90,707 | $54,032 | $53,479 | +70% |
| Median home value | $135,500 | $161,200 | $177,700 | -24% |
| Median gross rent | — | $676 | $875 | — |
| Population | 558 | 680 | 903 | -38% |
Medians are computed across the 10 ZIP areas in Socorro County and the 372 ZIP areas in New Mexico.
Statewide rank
Where this ZIP places among all 372 New Mexico ZIP areas.
- Income
- #29
- Home value
- #170
- Population
- #222
richer than 89% of 276 state ZIPs
above 35% of 261 state ZIPs
larger than 40% of 372 state ZIPs
Comparable ZIP codes
New Mexico ZIP areas with almost the same household income.
Nearby ZIP codes
Other ZIP codes filed under Socorro County.
ZIP 87823 questions
Common questions about this ZIP code.
- Where is ZIP code 87823?
- ZIP 87823 lies mostly in Socorro County, New Mexico. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
- What sales tax do I pay in 87823?
- New Mexico charges 4.875% statewide, plus any county, city or district rate that applies locally.
- Is 87823 expensive to live in?
- Median rent runs — a month, and the median home is worth $135,500 — -24% against the typical New Mexico ZIP.
- Is a ZCTA the same as a postal ZIP code?
- Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.
Keep going
Related pages for this area.
Sources & transparency
- US Census Bureau, ACS 2019-2023 5-year estimates — 2019-2023 ACS 5-year — population, income, housing
- Census 2020 ZCTA-to-county relationship file — County assignment by largest land-area overlap
- New Mexico Taxation and Revenue Department — Sales tax rates and local add-ons
Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.