U.S. ZIP Code · NM88023
Grant County
Appreciation
- 1-year
- -3.1%
- 5-year / yr
- +1.6%
- 10-year / yr
- +6.6%
Relative price
- vs U.S.
- -61.6%
- vs metro
- —
- vs state
- -61.0%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 88023 is worth $109,027. Over the past year, values have fallen 3.1%. The effective property tax rate is 0.5%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#Climate risk
FEMA National Risk Index ratings for Grant County. "Not Applicable" means the hazard does not threaten the county.
- Overall risk
- Relatively Low[4]
- Riverine flood
- Relatively Moderate
- Coastal flood
- Not Applicable
- Wildfire
- Relatively Moderate
- Drought
- Relatively Low
- Heat wave
- Relatively Low
- Hurricane
- Very Low
- Tornado
- Very Low
- Earthquake
- Very Low
- Winter weather
- Relatively Moderate
#Who lives here
#Migration
Household moves in and out of Grant County over a year, from IRS tax-return data.
- Net migration
- +44[5]
- Moved in
- 642
- Moved out
- 598
Schools
Open public schools in this ZIP, from the NCES Common Core of Data.
- Public schools
- 3
- Elementary
- 1
- Middle
- 1
- High
- 1
COBRE HIGH
High · Grades 9–12 · COBRE
281 students
SNELL MIDDLE
Middle · Grades 6–8 · COBRE
201 students
BAYARD ELEMENTARY
Elementary · Grades PK–5 · COBRE
163 students
Run the numbers
Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.
Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.
Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.
This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.
#Metro ranking
Where this ZIP sits among others in its metro area.
Frequently asked
- How much is a home worth in ZIP code 88023?
- The typical home in 88023 is worth $109,027, based on the Zillow Home Value Index.
- Are home values rising in 88023?
- Home values in 88023 are down 3.1% over the past year, and up 1.6% a year over five years.
- What is the property tax rate in 88023?
- The effective property tax rate in 88023 is 0.5% — roughly $568 a year on a typical home.
- Who lives in 88023?
- ZIP code 88023 has a population of 2,057 and a median household income of $34,477.
Compare ZIPs
Pit ZIP 88023 against any other ZIP — full side-by-side table.
#Jump to section