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Bayard city, NM

ZIP 88023 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 88023

Median Home Value
$118,100
Median Rent
$503
Affordability Snapshot
$33,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$759/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 88023 in Bayard city, 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.

Housing Tenure

Vacancy rate 31% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
63.9%-2% vs US avg
x
Vacancy Rate
30.7%+198% vs US avg
x
Broadband Access
83.3%-4% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
2.5%-80% vs US avg
x
Built Post-2014
1.4%-80% vs US avg
x
Rent Burden >30%
8.3%-83% vs US avg
x
Mortgage-Free
64.3%+68% vs US avg
x
$118,100
Home Value
$503
Rent
1967
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached63.5%
  • 1-unit attached1.3%
  • 2-9 units8.4%
  • 10+ units8.3%
  • Mobile home & other18.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$118,100
Median rent$503
Owner-occupied63.9%
Vacant30.7%
Price-to-income3.5x
Est. income to buy$33,000