Zip Code
87401
City
Farmington, NM
Population & Migration
What is the forecasted population for Zip code 87401 Farmington, NM?
- Population census 2020
- 46,151
- Forecasted population 2025
- 44,672
- -3.2% vs. 2020
- Forecasted population 2030
- 42,063
- -8.9% vs. 2020
Zip code 87401 Farmington, NM population is forecasted to decrease -3.2% by 2025 (-7.9 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 44,672 people for 2025 zip code 87401 Farmington, NM will generate a good demand for housing, which is expected to have an excess of -3,838 houses for 2030. Vacancy rate is 1.1 points above national US average.
- Total homes available 2020
- 17,996
- Estimated total home demand in 2030
- 14,157
- Total homes balance inventory
- -3,838
Average Household Income in zip code 87401 Farmington, NM
from Internal Revenue Service
- Average household income in 2021
- $68,474
Affordability
- Affordability Index
- 3
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 87401 Farmington, NM?
County total number of drinking water violations
220
+10%
200
County total number of drinking water contaminations
14
-33%
21
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