ZIP Code 87047

ZIP code 87047, near Albuquerque, sits firmly in affluent territory: a median household income of $116,630 and per-capita income of $60,120 both run well above national norms. Homes here carry a median value of $413,400, yet the county-level property tax rate of 0.73% keeps annual bills lower than many markets with similar housing prices. Sales tax combines to 4.88%, among the lower combined rates you'll find. Together these figures describe a high-earning area where wealth shows up in housing values more than in tax rates, and where day-to-day purchases carry a comparatively small tax add-on.