Home Insurance in Bayard, New Mexico
The median home value in Bayard is $117,700, 33% lower than the Grant County median.
Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Bayard was built around 1969. About 25% of homes were built before 1960, about 2 points above Grant County's 23%.
In Bayard, the housing stock is 64% single-family homes, 12% apartments in buildings with 5+ units and 18% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
About 32% of owner-occupied homes in Bayard have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Bayard has an owner-occupancy rate of 60% and a vacancy rate of 34%; unoccupied homes typically need a different coverage form.
65% of homes in Bayard are primarily heated with natural gas.
What's the biggest home insurance risk near Bayard? FEMA's National Risk Index points to wildfire (Relatively Moderate) in Grant County and Grant County had 51 active NFIP flood policies as of September 2026. See the full Grant County home insurance overview for all FEMA hazard ratings and flood coverage details.
In New Mexico, the statewide average premium for a standard HO-3 homeowners policy is $1,490 per year (NAIC, 2023 data).
Key figures
| Median home value | $117,700 |
|---|---|
| Median year built | 1969 |
| Owner-occupied share | 60% |
| Share of owner-occupied homes with a mortgage | 32% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Grant County | 51 |
| Home insurance premium | $1,490 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)