Market Overview
Home Prices in Bayard, NM
The median home value in Bayard, NM is $103,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 10.4% compared to a year ago and down 11.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Bayard are priced75% below average. Bayard is part of the Silver City, NM metro area.
Over the past five years, Bayard home values have fallen by approximately9.4%, reflecting softening conditions in this market.
Price History
Bayard Home Price Trend
City Comparison
Bayard vs. National Median
At $103,121, homes in Bayard cost 75% below the national median of $410,000. This makes Bayard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Bayard?
20% Down Payment
$20,624
on $103,121
Monthly P&I
$538/mo
30-yr @ 6.8%
Total Monthly Est.
~$683/mo
incl. taxes & insurance
Income Needed
$27,320
gross annual (30% rule)
10% Down Option
$10,312
+ PMI applies
Loan Amount (20% dn)
$82,497
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Bayard, NM?
The median home value in Bayard is $103,121 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 10.4% year-over-year.
How much have home prices changed in Bayard?
Over the past year, home values in Bayard have decreased by 10.4%. Over five years, prices have fallen approximately 9.4%.
How much do I need to earn to buy a home in Bayard?
To comfortably afford the median home price of $103,121 with a 20% down payment ($20,624) at today's rates (6.8%), you'd need a gross annual income of approximately $27,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Bayard compare to the national average home price?
The national median home value is approximately $410,000. At $103,121, homes in Bayard are 75% below the national average.
What metro area is Bayard part of?
Bayard is part of the Silver City, NM metropolitan area. Home prices and market conditions can vary across the broader metro region.