Relative Price in 87107
With a median income of $46,697 and an average price of $125.39 per month for a storage unit, renting storage for a year in 87107 Albuquerque would require 3.2% of a median earner's annual income. This ratio of storage price to median income is very high compared to other ZIP codes nationally, ranking in at the 80th percentile, which can allow us to conclude that storage in the 87107 is relatively expensive for most of its residents. In comparison to other ZIP codes in New Mexico, storage as a percent of median income is moderately expensive, ranking in at the 68th percentile.
Storage Coverage In 87107
There are 13,093 households in 87107 Albuquerque and approximately 700 storage units, meaning there are 0.05346 units per household. On a national scale, 87107 ranks in at the 59th percentile of units-per-household in every ZIP code, which means it should be relatively easy to find a storage unit here. 87107 has a very high number of storage units per household comapred to other New Mexico ZIP codes, ranking in at the 80th percentile.
In terms of the number of people living in 87107, the ZIP code has a population of 30,959. With a total of 119,980 square feet of storage space in the ZIP, there are 3.88sqft of storage per person. This is a moderately high number of square feet per population compared to other ZIP codes nationwide, ranking in the 65th percentile. In terms of other ZIP codes in New Mexico, 87107 ranks at the 84th percentile, meaning it has very high coverage compared to other ZIP codes in the state.