ZIP Code 88023 — Bayard city, NM Demographics & Data

ZIP code 88023 covers Bayard, NM in Grant County with a population of about 2,370.

At a glance, the area shows median age of 24.6 versus a U.S. median of about 38.9.

It sits in telephone area code 575; U.S. House district NM-2; the ALBUQUERQUE - SANTA FE media market.

Median household income in ZIP 88023 is about $33,269 — about 56% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 31.6%; unemployment rate near 9.5%; 22.4% of adults with a bachelor’s degree or higher (about 11.3 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Administrative support, and Retail trade; about 2.8% of workers reporting work-from-home (about 12.4 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $118,100 — about 66% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $503 (about 57% below the U.S. median rent ($1,163)), and owner-occupancy near 63.9% (about 1.5 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 88023 in Bayard, NM, a household would need roughly $33,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $759. That is roughly in line with the local median household income ($33,269). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Bayard city, NM as Relatively Low (composite score 74.1), which is elevated versus much of the country. The strongest component scores on US5 are wildfire (96.9) and flood (83.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Bayard city, NM show little to no average snow and around 16.2 inches of annual precipitation.

IRS migration statistics show a net inflow of about 75 for ZIP 88023 (Bayard city, NM) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.