Bayard, NM · standard
ZIP Code 88023
Grant County, New Mexico - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,406
- 132/sq mi High-density area
- $34,477
- Median income Below-median income area
- $117,700
- Median home value Below-median home value
- 26.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Bayard pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, mixed-tenure area.
- 3rd pct
- household income, US ZIPs
- 16th pct
- home value, US ZIPs
- 132
- people per sq mi
- 60%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 88023 against every reporting US ZIP.
ZIP code 88023 covers 18.2 square miles in Bayard, Grant County, New Mexico (a standard USPS delivery area), with a modest 2,406 residents on file, a density of 132 people per square mile, in the Denver time zone.
ZIP 88023 sits on the lower end of the income spectrum: median household income is $34,477 (42% below the average New Mexico ZIP), while per-capita income is $23,032. Economic pressure is pronounced: 34.6% of residents are below the poverty line and unemployment is 12.8%. Home values sit below the statewide ZIP benchmark: the median is $117,700 (45% below the average New Mexico ZIP), and median rent is $716; owner occupancy is 59.8%.
Educational attainment sits below the national norm: 26.4% of adults hold a bachelor's degree or higher, the median age is 34, and the average commute is -. The page also surfaces 3 ZIP codes within roughly 10 miles and 6 more in Grant County, so 88023 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 88023
Top 5 sectors by establishment count in Bayard, NM
Which industries have the most business establishments in ZIP 88023.
- Retail trade
Retail trade
6 establishments
- Construction
Construction
3 establishments
- Administrative and support and waste management and remediation services
Administrative and support and waste management and remediation services
3 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 88023, Bayard, NM · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
2,406
Population
18.2
Area (sq mi)
132
People / sq mi
Denver
Time Zone
standard
ZIP Type
Who lives in ZIP 88023?
34.0
Median Age
52.8%
Male
47.2%
Female
9.9%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$34,477
Median Household Income
-42% vs state ZIP avg
$23,032
Per Capita Income
34.6%
Poverty Rate
12.8%
Unemployment Rate
How ZIP 88023 ranks among New Mexico ZIPs
Bayard, NM household income vs. every New Mexico ZIP code
Median household income among 265 reporting New Mexico ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$34,477 13th percentile higher than 13% of 265 New Mexico ZIPs
Each bar is a $20K-wide band; taller bars hold more New Mexico ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
1,134housing units
1,134
Total Housing Units
753
Occupied Units
381
Vacant Units
2.73
Avg Household Size
Occupancy Type
$117,700
Median Home Value
-45% vs state ZIP avg
$716
Median Rent
1969
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 21 business establishments in ZIP 88023, employing approximately 171 people with a combined annual payroll of $3,382,000.
21
Businesses
171
Employees
$3.4M
Annual Payroll
3
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 6 | 28.6% |
| Construction | 3 | 14.3% |
| Administrative and support and waste management and remediation services | 3 | 14.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 88023 vs 88026 →
ZIP 88023 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 88023
Bayard (88023)
2,406 residents
- 88026
Santa Clara (88026)
1,658 residents
- 88043
Hurley (88043)
1,621 residents
- 88022
Arenas Valley (88022)
1,343 residents
What this shows Among its immediate neighbors, ZIP 88023 ranks the most populous - useful context the national average alone can't give.
ZIP 88023 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 88026
Santa Clara (88026)
$57,898 median income
- 88022
Arenas Valley (88022)
$37,147 median income
- 88023
Bayard (88023)
$34,477 median income
- 88043
Hurley (88043)
$34,236 median income
What this shows By household income, ZIP 88023 ranks #3 of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 88023, both outside NM so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (2,406 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Grant County
Related Areas
Frequently Asked Questions
What county is ZIP code 88023 in?
ZIP code 88023 (Bayard) is located in Grant County, New Mexico. Grant County contains multiple ZIP codes, see the full list at /counties/grant-nm.
What is the population of ZIP code 88023?
ZIP code 88023 in Bayard, NM has a population of 2,406 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 88023?
The median household income in ZIP 88023 is $34,477, which is 55% below the national average of $76,288.
What is the average home value in ZIP 88023?
The median home value in ZIP 88023 is $117,700, which is 58% below the national average of $278,155.
What is the demographic makeup of ZIP 88023?
The largest racial group in ZIP 88023 is Two or More Ethnicities at 49.6%. Hispanic or Latino residents make up 78.5% of the population.
How many businesses are in ZIP code 88023?
ZIP code 88023 has 21 business establishments employing approximately 171 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 88023?
The top industries by establishment count in ZIP 88023 are: Retail trade (6), Construction (3), Administrative and support and waste management and remediation services (3). There are 3 industry sectors represented in total.
What is the education level in ZIP code 88023?
In ZIP code 88023, 49.7% of residents aged 25+ have a high school diploma or higher, and 26.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 88023?
In ZIP code 88023, approximately 59.8% of occupied housing units are owner-occupied and 40.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 88023?
The poverty rate in ZIP code 88023 is 34.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 88023's numbers, next.
- See how ZIP 88023 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Bayard, NM ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.