Faywood, New MexicoFaywood is a census-designated place in Grant County, New Mexico, United States. Its population was 33 as of the 2010 census. Faywood has a post office with ZIP code 88034. It is located north of US 180 on NM 61.HistoryThe area was the site of hot springs which drew visitors from 1859, when a hotel and bath house was built by William Watts. By 1900, the Faywood settlement was created and named for the developers of the Faywood Hot Springs, J.C. Fay, William Lockwood. A third developer was T.C. McDermott. The post office was moved northeast to Dwyer, but is still named the Faywood Post Office.ClimateFaywood has a cool semi-arid climate with hot summers and mild winters.