The story of this market
The typical home in ZIP 88023 sells for about $108,000, or $105 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 88023 — Bayard
The housing market in 88023 remains slow with low transaction volume and high vacancy rates, reflecting the broader economic challenges of the region. Prices have seen modest growth, but the market is constrained by limited inventory and a lower-income demographic. Investors should note the high vacancy and reliance on HUD-modeled rents.
This ZIP is best suited for budget-conscious buyers or investors comfortable with rural market dynamics, as it lacks the amenities and job density required by most commuters or families.
Median prices moved up 2.4% year over year.
Homes spend a median of 88 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.5% · poverty 24.0% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 88023, Grant County NM
Crime rates in Bayard are generally consistent with rural Grant County trends, though property crime remains a primary concern for local law enforcement.
Schools serving the area are part of the Cobre Consolidated School District, which faces challenges typical of rural, lower-income districts in New Mexico.
The area is subject to standard high-desert environmental risks, including wildfire potential and occasional flash flooding during monsoon season.
Economic momentum is limited, with the local economy historically tied to mining and regional services; there is minimal large-scale commercial development.
Property taxes are administered by Grant County based on state-mandated assessment formulas; there are no significant MUD or PID special districts reported.
Commuting is primarily car-dependent, with residents traveling to Silver City or other regional hubs for employment via state highways.
The area offers access to outdoor activities in the Gila National Forest and local community parks, though formal shopping and entertainment amenities are sparse.
The rental market is characterized by high vacancy rates and limited institutional investment, with rents largely driven by HUD fair-market benchmarks.
The economy is heavily influenced by the mining industry and regional public sector employment in Grant County.
Transportation is entirely reliant on private vehicles; there is no public transit infrastructure serving this rural ZIP.
There are no major commercial or residential developments currently approved or under construction in this ZIP.
The Grant County Assessor manages property valuations, which are updated annually based on market sales and state guidelines.
Parcels are served by the Cobre Consolidated School District and local utility cooperatives.
Property insurance premiums are rising due to regional wildfire risk and the general hardening of the insurance market in New Mexico.
New Mexico is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a property disclosure statement detailing known material defects at the time of sale.
Data retrieved from US Census Bureau ZCTA profiles and local income statistics.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Silver City Museum4.68.2 mi
- Gough Park4.58.1 mi
- Penny Park4.68.2 mi
- Silver Bowling Center4.27 mi
- The Big Ditch4.48.1 mi
- Whiskey Creek Zócalo4.73.6 mi
- Silver City Museum4.68.2 mi
- The Big Ditch4.48.1 mi
- Gough Park4.58.1 mi
- Dragonfly Trail Petroglyphs4.73.2 mi
- Penny Park4.68.2 mi
- Boston Hill Open Space4.78.8 mi
- Silver City Dog Park4.38.4 mi
- Albertsons4.36.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive hiking, camping, and outdoor access nearby.
Local community space for recreation and gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.