ZIP Code 87048 — Corrales village, NM Demographics & Data

ZIP code 87048 covers Corrales, NM in Sandoval County with a population of about 9,173.

At a glance, the area shows median age of 54.7 versus a U.S. median of about 38.9.

It sits in telephone area code 505; U.S. House district NM-1; the ALBUQUERQUE - SANTA FE media market.

Corrales, NM aligns with a tech / corporate-campus profile (high remote-work / education / income profile or known campus context). Broadband quality, remote-work share, and nearby employer campuses often matter as much as classic residential stats.

Median household income in ZIP 87048 is about $112,716 — about 50% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 7.9%; unemployment rate near 6.6%; 50.6% of adults with a bachelor’s degree or higher (about 16.9 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Professional services, and Construction; about 23.9% of workers reporting work-from-home (about 8.7 points above the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $552,000 — about 59% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $868 (about 25% below the U.S. median rent ($1,163)), and owner-occupancy near 91.6% (about 26.2 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 87048 in Corrales, NM, a household would need roughly $152,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,546. That is about 35% above the local median household income ($112,716), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Corrales village, NM as Relatively Low (composite score 77.0), which is elevated versus much of the country. The strongest component scores on US5 are wildfire (93.6) and flood (84.3). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Corrales village, NM show little to no average snow and around 9.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 290 for ZIP 87048 (Corrales village, NM) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.