Bayard, NM—88023
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Bayard, NM
As of Oct '25, the median home price in Bayard, NM is $97,000, with a year-over-year change of -10.6%. This indicates that home prices in Bayard, NM are decreasing. According to Zillow, the 1-year price projection is -4.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $97,000 | -10.6% |
| Single Family | $97,000 | -10.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $86,000 | -10.4% |
3 Bed | $136,000 | -8.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Bayard, NM
Bayard, NM lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Bayard, NM
As of Oct '25, Realtor.com reports that the median days on market for a home in Bayard, NM is 151. This is a increase of 14.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $114,000 | 45.0% |
Listing Count | 6 | 5.0% |
| Listings as % of Homes | 0.4% | 5.0% |
Days on Market | 151 | 14.0% |
Demographics — Bayard, NM
As of the latest ACS Survey released in 2023, Bayard, NM has a population of 2,370, which has decreased by -5.4% over the past 5 years. Bayard, NM is a popular place for families, as children make up 29.9% of the population. The area has a poorly educated workforce, with 22.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,370 | -5.4% |
% Under 18 | 29.9% | 7.6% |
% Seniors | 19.1% | 1.1% |
% WFH | 2.7% | -18.2% |
% w/ College Degree | 22.4% | 24.4% |
As of the latest ACS Survey released in 2023, Bayard, NM is a predominantly hispanic area, with 79.1% of the population identifying as hispanic. The hispanic population has grown by 4.6% in the last 5 years. The second most common race or ethnicity in Bayard, NM is white, making up 20.9% of the population. Foreign-born residents account for 6.4% of the population in Bayard, NM, and this percentage has increased by 82.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.9% | -3.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 79.1% | 4.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 6.4% | 82.9% |
Mortgage and Risk — Bayard, NM
According to HUD data as of 2023, there were 14 mortgage originations in Bayard, NM, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 94.0%, with 71.0% above 90% LTV (very high). This implies large mortgage risk in Bayard, NM. Investor activity is low, as 7.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 14 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 7.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Bayard, NM
Bayard, NM lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — Bayard, NM
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $97,000 |
| Median Household Income | $33,300 |