What is the Best Neighborhoods USA ranking for Parkway?
Parkway is ranked #68 of 187 eligible neighborhoods in Albuquerque; #76 of 222 eligible neighborhoods in NM; and #3,733 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Parkway
Albuquerque, NM | Bernalillo County
Scored premium profile
Best Neighborhoods USA Index
60.9
Stability and Strength
59.7
Value Opportunity
67.1
Momentum
54.1
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 | #3,733 of 14,967 |
| State rank | #76 of 222 |
| City rank | #68 of 187 |
| County rank | #68 of 187 |
| National percentile | 75.1 |
| National band | TOP_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $347,485 |
| Year-over-year home value change | 0.8% |
| Month-over-month home value change | 0.11% |
| Home value to income ratio | 3.57 |
| Median household income | $97,220 |
| Bachelor's degree or higher | 32.8% |
| Civilian unemployment rate | 4.0% |
| Homeownership rate | 87.7% |
| Housing vacancy rate | 3.0% |
| Rent burden 30% or higher | 63.0% |
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 Parkway
Is Parkway one of the best neighborhoods in Albuquerque?
Parkway has a Best Neighborhoods USA Index of 60.9 and a city ranking of #68 of 187 eligible neighborhoods in Albuquerque.
How much are homes worth in Parkway?
The current Zillow Home Value Index for Parkway is approximately $347,485.
Are home values rising or falling in Parkway?
Zillow neighborhood values changed 0.8% year over year and 0.11% month over month.
What is the Neighborhood Momentum Score for Parkway?
Parkway has a Neighborhood Momentum Score of 54.1. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Parkway?
The NDS-derived neighborhood median household income is approximately $97,220.
How affordable is Parkway relative to household income?
The current Zillow home-value-to-household-income ratio is 3.57. Price-to-income affordability is a major Value Opportunity input.
Is Parkway primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 87.7%.
What is the unemployment rate in Parkway?
The NDS-derived civilian unemployment rate is approximately 4.0%.
How educated are residents of Parkway?
Approximately 32.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Parkway face high rent burden?
Approximately 63.0% 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 Parkway?
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 applications188
Estimated originations113
Home-purchase applications69
Origination rate60.2%
Home-purchase share36.8%
Average application loan$200,783
Total application loan amount$37,688,470
National application rank#2,242 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 11.3% YoY; originations 7.3% 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.