| ZIP Code | 88023 |
|---|---|
| City | Bayard |
| State | New Mexico (NM) |
| County | Grant County |
| Area Code | 575 |
| Elevation | 5,930 ft |
| Latitude | 32.722804 |
|---|---|
| Longitude | -108.088252 |
| Timezone | Denver (DST) |
| FIPS | 35017 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 24.6 yrs ↓ 36% since 2019 |
|---|---|
| Avg Household Size | 2.97 |
| Below Poverty | 31.6% ▲ 216% above avg |
| College Grads | 28.5% ▼ 26% below avg |
| Unemployment | 9.5% ▲ 94% above avg |
| No HS Diploma | 38 (3.6%) |
| HS Graduate | 243 (22.8%) |
| Some College | 229 (21.5%) |
| Associates | 251 (23.6%) |
| Bachelors | 42 (3.9%) |
| Graduate Degree | 262 (24.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $33,269 ▼ 56% below avg ↓ 8% since 2019 |
|---|---|
| Median Home Value | $118,100 ▼ 58% below avg ↑ 35% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $653/mo ↑ 3% since 2019 |
| Total Units | 1,151 |
| Vacant Units | 353 |
| Avg HH Size | 2.97 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,151 |
|---|---|
| Vacant | 353 |
| Owner Occupied | 63.9% |
| Renter Occupied | 36.1% |
| Avg HH Size | 2.97 |
ZIP code 88023 is located in Bayard, New Mexico, within Grant County. With a population of 2,370, this is a sparsely populated ZIP code with a young community — the median age is 24.6 years. Economically, 88023 is a lower-income ZIP code: the median household income of $33,269 is well below the national average.
Real estate in ZIP code 88023 represents one of the more affordable housing markets in the country. The median home value of $118,100 is well below the national average. Renters can expect to pay around $653 per month in median rent. Homeownership is strong here — 63.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 35% since 2019.
The population of 88023 is primarily Hispanic (79.11%). Residents are moderately educated — 28.5% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 31.6%. Household income has declined by 8% since 2019.
The unemployment rate in 88023 stands at 9.5%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 63%.
Overall, ZIP code 88023 in Bayard, NM is characterized as lower-income, moderately educated, a young community, and predominantly owner-occupied. With 2,370 residents, a median household income of $33,269, and a median home value of $118,100, it offers a clear picture of life in this part of New Mexico.