$291,720Average Value$345Average Price per Sq Ft2Homes For Sale
Residential neighborhood near downtown and two interstates
Wells Park is a mostly residential neighborhood sandwiched between downtown Albuquerque and the city’s iconic Old Town. The neighborhood is becoming a destination in its own right with popular New Mexican restaurants, parks undergoing major upgrades and new residents who are renovating the neighborhood’s older homes. “It’s a redeveloping area where a lot of younger people are buying,” says Toby Atencio, the owner and qualifying broker of the Lobo Realty Group. “It’s close to downtown and the Old Town area, and there’s a lot of stuff to do in Old Town.” Its proximity to the confluence of Interstate 40 and Interstate 25 adds to its appeal as well, offering convenient travel to other parts of the city and the state.
New Mexican cuisine and hatch chile-marinated beef jerky
Though it’s close to downtown and Old Town Alburquerque, the Wells Park neighborhood is home to its own set of well-known restaurants. Cocina Azul’s extensive menu consists of New Mexican dishes and Southwest-inspired burgers. What began as a small drive-in, Monroe’s has expanded to two locations that serve New Mexican breakfast plates and house specialties like seafood enchiladas, fajita quesadillas and the restaurant’s famous chile stew. Its website even provides recipes to some of the restaurant’s dishes so fans can make their favorites at home. New Mexico Beef Jerky Company crafts its famous carne seca, which is marinated with red and green hatch chiles before it’s dried. They also serve a selection of traditional New Mexican dishes and pastries. Lowe’s Corner Market, which is about a mile away from the neighborhood, has groceries and other essentials.
New additions to Wells Park coming in 2025
Wells Park—the neighborhood’s namesake green space—is home to a shaded playground, a stage, a splash pad and the Jonny Tapia Community Center. “They have indoor courts for the community to have league games,” Atencio says. “And they do programs for kids during the summer, too.” Following the trend of redevelopment across the neighborhood, the park is undergoing a $7.7 million renovation, which is projected to be completed in 2025. Expected additions include large- and small-breed dog parks, a picnic area with a lawn, shelter and a food truck parking lane, added visitor parking spaces and multifunctional athletic courts for basketball, pickleball, badminton, futsal and roller derby.
Adobe-inspired homes with prices contingent on updates
The Wells Park neighborhood largely consists of bungalows built before 1950 with Craftsman or Adobe architectural influences. Many are constructed in a sandy color palette that echoes the area’s natural environment, and while mature trees shade many front yards, grass is a rare sight. Most homes range from $100,000 to $335,000 in price, depending on their condition and recent updates. Roughly half of neighborhood residents rent their homes, and with its proximity to the center of town, Wells Park has a CAP Index crime score of 9 out of 10.
Near the intersection of interstates 25 and 40
Interstate 40, also known as the Coronado Freeway, borders the northern side of the neighborhood. One of the region’s largest thoroughfares, it traverses the entire state from east to west. Interstate 40 also connects with Interstate 25 near the neighborhood, and the latter runs through New Mexico longitudinally. Several ABQ RIDE buses stop throughout the neighborhood, running to downtown Albuquerque and other parts of the city. Fare is now free for riders.
Mariachi ensemble and Spanish biliteracy at Albuquerque High
Local children may start their K-12 journeys at Reginald Chavez Elementary School and Washington Middle School, both of which earn C grades from Niche. They may then move forward to Albuquerque High School, which earns an A-minus. Students may join advanced subject-focused groups, like the National Honor Society, National Art Honor Society, International Thespian Society and National Spanish Honor Society. Those striving to master a second language can enroll in the school’s bilingual program, which includes both native English and Spanish speakers. Albuquerque High’s music program includes ensembles like band, orchestra and choir, as well as guitar and mariachi.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
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Reach out to
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an experienced agent in this neighborhood.
Parks in this Area
Santa Barbara Martineztown Park
Baseball/Softball
Picnic Area
Trails
Coronado Dog Park
Dog Park
Wells Park
Transit
Airport
Albuquerque International Sunport
25 min drive
Bus
4th & Bellamah
Bus
12th & Bellamah
Bus
5th & Haines
Bus
6th & Mountain
Bus
5th & Mountain
Bus
4th & Aspen
Bus
4th & Haines
Crime and Safety
1 - Low Crime, 10 - High Crime
Wells Park
US
Homicide
5
4
Sexual Assault
7
4
Assault with Weapon
6
4
Robbery
7
4
Burglary
9
4
Motor Vehicle Theft
8
4
Larceny
8
4
Crime Score
7
4
Source: WhatIsMyCrimeRisk.com
Wells Park Demographics and Home Trends
On average, homes in Wells Park, Albuquerque sell after 110 days on the market compared to the national average of 70 days. The median sale price for homes in Wells Park, Albuquerque over the last 12 months is $761,500, up 301% from the median home sale price over the previous 12 months.
Ask a lender about qualifying for this property by using the projected income from renting one of the units. Main house with detached Casita on over 9000 sq ft lot! Plenty of space for parking all of the vehicles. Guest house has recently been updated with tankless water heater, refrigerated air, flooring and tile surround, cabinets and much more. Ready to be your next investment in the sawmill
Welcome to this inviting 3-bedroom, 2-bath home in the desirable Sawmill/Wells Park neighborhood! A delightful 120 sq. ft. covered and screened-in front porch offers a warm welcome and the perfect spot to relax. Home is designed so the rear portion can be separate from the main home. Perfect for Airbnb, rental or in-law quarters.Step inside to a cozy living room with gleaming real hardwood floors
Discover an extraordinary blend of historic charm and contemporary elegance in the heart of Downtown Albuquerque. This one-of-a-kind property is a must-see. Step into a private, gated courtyard featuring lush grass and a covered patio--perfect for relaxing or entertaining. Inside, you're welcomed by a stunning open-concept Great Room with a cozy fireplace, seamlessly flowing into a beautifully
Welcome to your dream home! Built in 2020, this immaculate 2 bedroom, 3 bath home offers all the benefits of newer construction with high-end updates and an open floorplan.As you step inside, you're greeted by a spacious main living area featuring soaring raised ceilings that add volume and natural light to the space. The open-concept design flows effortlessly into the modern kitchen, which is
Interested in learning more about homes in this area?
Reach out to
Dagna Altheide,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
3,758
Median Age
36
Population under 18
18.5%
Below the national average
23.8%
Population over 65
14.8%
On par with the national average
19.1%
Finances
Median Household Income
$40,169
Significantly below the national average
$71,702
Average Household Income
$57,967
Education and Workforce
High School Graduates
81.8%
Below the national average
89.1%
College Graduates
30.3%
On par with the national average
34.1%
Advanced Degrees
13.8%
% Population in Labor Force
64.3%
Weather
Annual Precipitation
8''
Average Winter Low Temperature
27°F
Average Summer High Temperature
91°F
Annual Snowfall
6''
Area Factors
Very Bikeable
Bike Score®
78/ 100
Somewhat Walkable
Walk Score®
67/ 100
Some Transit
Transit Score®
35/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
