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CITY · 2020 ACS

Fairacres

New Mexico · 720 residents · 2.108 sq mi
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The short version

Fairacres is significantly wealthier than the US average, with a median household income of $88,824. Population has fallen 44% since 2019, a loss of 574 residents. Median home value has risen by half since 2019, reaching $217,300. Poverty is rare here, at 4.6% of residents. Households here earn about 73% more than the New Mexico median.

At a glance
Wealthier
above the US median
US median: $66,278
Mid-age
median age 40.7
US median: 38.8
Less educated
25% hold a bachelor's degree
US average: 33%
Less affordable
home values up 61%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
720
−44%since 2019
from 1,294 in 2019
2010 – 2024
Population density
342 / sq mi
−44%since 2019
from 614 / sq mi in 2019
US average: 280
Median age
40.7
−5%since 2019
from 43.0 in 2019
US average: 38.8
Population, 2010 – 2024
3045788521K1K201020202024Fairacres
2024616
201020202024
Section 02

Income & economy

Median household income
$88,824
US average: $66,278
2010 – 2020
Per capita income
$32,326
−11%since 2019
from $36,375 in 2019
US average: $35,364
Households earning $100K+
55.5%
+11.8 ptssince 2019
from 43.8% in 2019
US average: 43.9%
Poverty rate
4.6%
Unchangedsince 2019
from 4.6% in 2019
US average: 12.8%
Workforce by industry, 2020
Wholesale trade25.7%
US avg: 6.7%
Information20.1%
US avg: 11.1%
Finance & insurance16.3%
US avg: 5.5%
Professional, scientific, technical16.3%
US avg: 4.7%
Other services12.9%
US avg: 6.6%
Public administration9.9%
US avg: 4.7%
Agriculture, forestry, fishing8.1%
US avg: 1.7%
Construction8.1%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
Retail trade0%
US avg: 10%
Transportation & warehousing0%
US avg: 2.5%
Education & health services0%
US avg: 0.8%
Arts, entertainment, food0%
US avg: 2%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$217,300
+61%inflation adjusted, since 2019
from $133,600 in 2019
US average: $265,253
2010 – 2024
Owner-occupied
77.0%
−15.8 ptssince 2019
from 92.8% in 2019
23.0% rent
Afford Score
2.4
2010 – 2020
Gentrification Score
36
RELATED:See current rent listings in Fairacres on RentDataNow
Section 04

Race & ethnicity

2019
White, non-Hispanic25.7%(333)
Black0%(0)
Hispanic / Latino69.6%(901)
Asian0%(0)
Other4.6%(60)
Diversity Score55.9%(723)
2020
White, non-Hispanic33.3%(240)
Black0.6%(4)
Hispanic / Latino62.8%(452)
Asian0.1%(1)
Other3%(21)
Diversity Score61.4%(442)
Diversity Score
61
+10%since 2019
from 56 in 2019
2010 – 2024
Section 05

Education

Bachelor's degree or higher
25.1%
+8.5 ptssince 2019
from 16.7% in 2019
US average: 32.9%
High school or higher
59.6%
−0.6 ptssince 2019
from 60.1% in 2019
US average: 88.5%
Graduate degree
1.7%
−3.6 ptssince 2019
from 5.3% in 2019
US average: 12.7%
Section 06

Commute & transportation

Average commute
18.8 min
−6%since 2019
from 20.1 min in 2019
US average: 26.9
Drive alone to work
91.9%
+1.5 ptssince 2019
from 90.4% in 2019
US average: 75.1%
No vehicle available
3.1%
−0.7 ptssince 2019
from 3.8% in 2019
US average: 8.4%
Section 07

Work & employment

Unemployment rate
14.8%
+5.9 ptssince 2019
from 8.9% in 2019
US average: 5.4%
Labor force participation
56.5%
−4.3 ptssince 2019
from 60.7% in 2019
US average: 63.4%
Management & professional
28.7%
+9.0 ptssince 2019
from 19.6% in 2019
US average: 39.3%
Section 08

People & community

Male
48.9%
−10.1 ptssince 2019
from 59.0% in 2019
Female
51.1%
+10.1 ptssince 2019
from 41.0% in 2019
Foreign born
15.7%
−8.5 ptssince 2019
from 24.2% in 2019
US average: 13.5%
Uninsured
16.0%
−7.5 ptssince 2019
from 23.5% in 2019
US average: 8.8%
Drill deeper

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FAIRACRES VS
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FAIRACRES VS
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FAIRACRES VS
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Frequently asked

How many people live in Fairacres, New Mexico?

Fairacres, New Mexico has about 720 residents according to the 2020 American Community Survey.

What is the median household income in Fairacres, New Mexico?

The typical household in Fairacres, New Mexico earns about $88,824 a year. Half of households make more than that, and half make less.

Is Fairacres, New Mexico expensive?

In Fairacres, New Mexico, the median home is worth about $217,300.

How educated are people in Fairacres, New Mexico?

About 25.1% of adults age 25 and over in Fairacres, New Mexico hold a bachelor's degree or higher.

What is the poverty rate in Fairacres, New Mexico?

About 4.6% of people in Fairacres, New Mexico live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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