88023 ZIP Code – Bayard, New Mexico

88023 is a small ZIP code in Bayard, New Mexico, part of Grant County with a population of approximately 2,184 residents. The median household income is $35,742 — below the New Mexico average and well below the national average. At $97,700, median home values run well below the national average, with 59.8% owner-occupied housing (decreasing). ; median rent of $666 is similarly below the national average. Housing consists of 62% single-family (decreasing), 17% apartments (decreasing), 6% duplex/multi-family.

The area reports an unemployment rate of 9.5%, well above the national average. About 31.6% of residents live below the poverty line, well above the national rate. About 22.4% of residents have completed a four-year degree, below the national rate. At 24.6, the median age is well below the national figure. The surrounding area includes ZIP codes 88026, 88043, 88022.

ZIP Code 88023 Data

Population 2,184
Median Household Income $35,742
Median Home Value $97,700
Median Rent $666
Median Age 24.6
Unemployment Rate 9.5%
Poverty Rate 31.6%
Bachelor's Degree or Higher 22.4%
County Grant County
State New Mexico

ZIP 88023 vs. New Mexico vs. U.S.

MetricZIP 88023NM Avg.U.S. Avg.
Population2,1845,89610k
Median Household Income$35k$55k$73k
Median Home Value$97k$190k$258k
Median Rent$666$897$1,088
Median Age24.646.243.2
Unemployment Rate9.5%6.3%5.0%
Poverty Rate31.6%19.9%13.3%
Bachelor's Degree or Higher22.4%23.0%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
88026 SANTA CLARA 1,610 $46,078
88043 HURLEY 1,652 $37,868
88022 ARENAS VALLEY 807 $69,545
88034 FAYWOOD 64 Not provided
88041 HANOVER 1,423 $33,733