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Wells Park

Wells Park

$294,120 Average Value
$234 Average Price per Sq Ft
9 Homes 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.
Julia Straka
Written By
Julia Straka
Kody Martin
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Kody Martin
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Luke Basinger

Agents Specializing in this Area

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Schools

Source:
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

Interested in learning more about homes in this area? Reach out to Joaquin Sanchez, an experienced agent in this neighborhood.

Parks in this Area

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

Housing Trends

Median List Price
$398,000
Median Sale Price
$311,825
Median Single Family Sale Price
$395,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
16
Median Home Sale Price YoY Change
20%
Average Price Per Sq Ft
$234

Neighborhood Facts

Number of Homes in Neighborhood
275
Number of Homes for Sale
9
Median Year Built
1940
Months of Supply
6.80
Average Single Family Home Size Sq Ft
1,491
Significantly below the national average
1,927
Average Townhouse Size Sq Ft
1,522
Average 1 Bedroom Size Sq Ft
1,377
Median Lot Size Sq Ft
7,840

Distribution of Home Values

Source: Public Records

Homes for Sale

Interested in learning more about homes in this area? Reach out to Joaquin Sanchez, 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.

Reviews

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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.
NEIGHBORHOOD
Wells Park
Joaquin Sanchez
Sun Mountain Real Estate
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