Towne Park, Albuquerque, NM
Towne Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Towne Park, Albuquerque, New Mexico. Explore the cited sources and local facts below while agent underwriting continues.
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Towne Park Neighborhood Overview
Town Park is a residential neighborhood located in the southeast quadrant of Albuquerque, New Mexico, within Bernalillo County and ZIP code 87123. It offers a balanced, mid-range living environment characterized by its accessibility and established community feel. The area is conveniently positioned near several other neighborhoods, including Buena Ventura and Presidio.
Lifestyle & Amenities
The neighborhood provides a practical suburban lifestyle with a notable level of walkability, scoring a 15.0 out of 20 on the EPA National Walkability Index. Residents benefit from proximity to local schools and easy access to major retail corridors along nearby thoroughfares. This creates a convenient setting for daily errands and community interaction.
Real Estate Market
Town Park represents a solid mid-tier market in Albuquerque, with a median home value of $225,300 and a median gross rent of $913 per month. The market is active, with 908 mortgage originations in 2023, predominantly conventional loans (684), indicating strong buyer interest. This activity, along with FHA (128) and VA (94) loans, points to a diverse range of buyers and financing options.
Schools & Education
Families in Towne Park are served by several nearby public schools, including Tomasita Elementary and Kennedy Middle School, both within 0.7 miles. Options also include Gilbert L Sena Charter High School and multiple other elementary schools like Hawthorne and Manzano Mesa, all within a short distance. This concentration of educational institutions is a key asset for the community.
Transportation & Connectivity
The neighborhood's location in southeast Albuquerque provides straightforward access to major routes like I-40 and I-25, facilitating commutes across the metro area. Its above-average walkability score suggests a degree of pedestrian-friendly design within the local area. This combination of car-centric access and local walkability defines its transportation profile.
Why Choose Towne Park
Town Park is an ideal choice for those seeking an affordable, established Albuquerque neighborhood with a median household income of $59,387. It appeals to homebuyers and renters looking for value, convenience, and a family-friendly environment with multiple school options. The active real estate market and functional connectivity make it a practical and stable community.
Towne Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $225K |
| Median Gross Rent | $913/mo |
| Median Household Income | $59K |
| Homeownership Rate | 64.5% |
| Renter-Occupied | 35.5% |
| Rental Vacancy Rate | 5.2% |
| Market Type | Balanced |
| Market Tier | Mid-Range |
| Primary ZIP Code | 87123 |
| Mortgage Originations (2023 HMDA) | |
| Total Mortgage Originations | 908 |
| VA Loan Originations | 94 |
| VA Loan Share | 10.4% |
| Conventional Loan Originations | 684 |
| FHA Loan Originations | 128 |
Top Real Estate Agents in Towne Park, Albuquerque
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Towne Park, Albuquerque, NM. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: New Mexico Real Estate Commission (NMREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2023
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-14