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
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ZIP 88023 vs. New Mexico vs. U.S.
| Metric | ZIP 88023 | NM Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 2,184 | 5,896 | 10k |
| Median Household Income | $35k | $55k | $73k |
| Median Home Value | $97k | $190k | $258k |
| Median Rent | $666 | $897 | $1,088 |
| Median Age | 24.6 | 46.2 | 43.2 |
| Unemployment Rate | 9.5% | 6.3% | 5.0% |
| Poverty Rate | 31.6% | 19.9% | 13.3% |
| Bachelor's Degree or Higher | 22.4% | 23.0% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 88026 – Santa Clara
- 88043 – Hurley
- 88022 – Arenas Valley
- 88034 – Faywood
- 88041 – Hanover
- 88065 – Tyrone
- 88053 – Pinos Altos
- 88061 – Silver City
- 88049 – Mimbres
- 88042 – Hillsboro
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 |