Estancia, NM Profile: Facts & Data

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Estancia, New Mexico - Basic Facts

The Town of Estancia had a population of 1,242 as of July 1, 2023. Estancia ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New Mexico. See peer rankings below.

The primary coordinate point for Estancia is located at latitude 34.7584 and longitude -106.0558 in Torrance County. The formal boundaries for the Town of Estancia encompass a land area of 5.74 sq. miles and a water area of 0.02 sq. miles. Torrance County is in the Mountain time zone (GMT -7).

The Town of Estancia has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

New Mexico is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Estancia is located within Estancia Division of Torrance County.


Jump to... (On This Page!)
  1. Estancia 2023 Demographic Data
  2. Growth Rates for Estancia (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. New Mexico Research Tools (Easy Tools & Current Data)
  3. New Mexico Data Comparison Tool - 2023 Demographics
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Estancia, NM Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 1,242 (100%)
Population in Households 957 (77.1%)
Population in Families 782 (63.0%)
Population in Group Quarters1 285 (22.9%)
Population Density 201
Diversity Index2 80
 
 

INCOME

Median Household Income $35,677
Average Household Income $52,989
% of Income for Mortgage4 23%
Per Capita Income $18,441
Wealth Index5 42
Socioeconomic Status Index6 Low (42.3)
 

HOUSING

Total HU (Housing Units) 479 (100%)
Owner Occupied HU 303 (63.3%)
Renter Occupied HU 90 (18.8%)
Vacant Housing Units 86 (18.0%)
Median Home Value $138,768
Average Home Value $229,950
Housing Affordability Index3 109
 

HOUSEHOLDS

Total Households 393
Average Household Size 2.44
Family Households 256
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.00% -0.39%
Households -0.39% -0.20%
Families   -0.39%
Median Household Income   0.43%
Per Capita Income   2.13%
Owner Occupied HU   -0.07%

Estancia, NM - Peer Comparisons by Rank and Percentile

The table below compares Estancia to the other 527 incorporated cities, towns and CDPs in New Mexico by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 131 75th
Population Density # 234 56th
Median Household Income # 402 24th
Housing Affordability Index # 297 56th
Per Capita Income # 431 18th
Diversity Index # 112 79th

Additional comparisons and rankings can be made with a VERY EASY TO USE New Mexico Census Data Comparison Tool.

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