What is the Best Neighborhoods USA ranking for Alvarado Park?
Alvarado Park is ranked #140 of 187 eligible neighborhoods in Albuquerque; #169 of 222 eligible neighborhoods in NM; and #10,228 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Alvarado Park
Albuquerque, NM | Bernalillo County
Scored premium profile
Best Neighborhoods USA Index
42.5
Stability and Strength
40.9
Value Opportunity
42.2
Momentum
45.4
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Albuquerque, NM |
| County | Bernalillo County |
| National rank | #10,228 of 14,967 |
| State rank | #169 of 222 |
| City rank | #140 of 187 |
| County rank | #140 of 187 |
| National percentile | 31.7 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $273,156 |
| Year-over-year home value change | -0.9% |
| Month-over-month home value change | 0.29% |
| Home value to income ratio | 5.21 |
| Median household income | $52,398 |
| Bachelor's degree or higher | 36.5% |
| Civilian unemployment rate | 13.8% |
| Homeownership rate | 66.1% |
| Housing vacancy rate | 0.0% |
| Rent burden 30% or higher | 47.8% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Alvarado Park
Is Alvarado Park one of the best neighborhoods in Albuquerque?
Alvarado Park has a Best Neighborhoods USA Index of 42.5 and a city ranking of #140 of 187 eligible neighborhoods in Albuquerque.
How much are homes worth in Alvarado Park?
The current Zillow Home Value Index for Alvarado Park is approximately $273,156.
Are home values rising or falling in Alvarado Park?
Zillow neighborhood values changed -0.9% year over year and 0.29% month over month.
What is the Neighborhood Momentum Score for Alvarado Park?
Alvarado Park has a Neighborhood Momentum Score of 45.4. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Alvarado Park?
The NDS-derived neighborhood median household income is approximately $52,398.
How affordable is Alvarado Park relative to household income?
The current Zillow home-value-to-household-income ratio is 5.21. Price-to-income affordability is a major Value Opportunity input.
Is Alvarado Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 66.1%.
What is the unemployment rate in Alvarado Park?
The NDS-derived civilian unemployment rate is approximately 13.8%.
How educated are residents of Alvarado Park?
Approximately 36.5% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Alvarado Park face high rent burden?
Approximately 47.8% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Alvarado Park?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications33
Estimated originations20
Home-purchase applications20
Origination rate60.9%
Home-purchase share60.9%
Average application loan$270,282
Total application loan amount$8,867,475
National application rank#8,890 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -23.3% YoY; originations -13.6% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.