What is the Best Neighborhoods USA ranking for Wells Park?
Wells Park is ranked #96 of 187 eligible neighborhoods in Albuquerque; #113 of 222 eligible neighborhoods in NM; and #5,592 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Wells Park
Albuquerque, NM | Bernalillo County
Scored premium profile
Best Neighborhoods USA Index
55.4
Stability and Strength
42.5
Value Opportunity
53.8
Momentum
78.3
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 | #5,592 of 14,967 |
| State rank | #113 of 222 |
| City rank | #96 of 187 |
| County rank | #96 of 187 |
| National percentile | 62.6 |
| National band | MIDDLE_50_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $283,424 |
| Year-over-year home value change | 5.1% |
| Month-over-month home value change | 0.14% |
| Home value to income ratio | 3.84 |
| Median household income | $73,811 |
| Bachelor's degree or higher | 38.0% |
| Civilian unemployment rate | 6.2% |
| Homeownership rate | 59.6% |
| Housing vacancy rate | 11.4% |
| Rent burden 30% or higher | 56.3% |
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 Wells Park
Is Wells Park one of the best neighborhoods in Albuquerque?
Wells Park has a Best Neighborhoods USA Index of 55.4 and a city ranking of #96 of 187 eligible neighborhoods in Albuquerque.
How much are homes worth in Wells Park?
The current Zillow Home Value Index for Wells Park is approximately $283,424.
Are home values rising or falling in Wells Park?
Zillow neighborhood values changed 5.1% year over year and 0.14% month over month.
What is the Neighborhood Momentum Score for Wells Park?
Wells Park has a Neighborhood Momentum Score of 78.3. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Wells Park?
The NDS-derived neighborhood median household income is approximately $73,811.
How affordable is Wells Park relative to household income?
The current Zillow home-value-to-household-income ratio is 3.84. Price-to-income affordability is a major Value Opportunity input.
Is Wells Park primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 59.6%.
What is the unemployment rate in Wells Park?
The NDS-derived civilian unemployment rate is approximately 6.2%.
How educated are residents of Wells Park?
Approximately 38.0% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Wells Park face high rent burden?
Approximately 56.3% 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 Wells 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 applications65
Estimated originations30
Home-purchase applications25
Origination rate46.1%
Home-purchase share37.8%
Average application loan$182,786
Total application loan amount$11,889,280
National application rank#6,155 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications 24.6% YoY; originations 18.6% 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.