Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Wallace area can be challenging. Home prices in Wallace are now at a median cost of $99,882, lower than the Alabama average of $185,232.
The average cost of rent is $666/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. While nearly 73.95% of residents own their homes outright in Wallace, 15.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $3,726 per month. Households that rent pay about 17.89% of their income on rent here. Wallace's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Range, AL: higher priced homes
- Barnett Crossroads, AL: higher priced homes
- Brewton, AL: higher priced homes
- Kirkland, AL: higher priced homes
- London, AL: less expensive homes
- Lenox, AL: equally priced homes
- Little Rock, AL: equally priced homes
- Castleberry, AL: less expensive homes
- Huxford, AL: higher priced homes
- Rock Hill, AL: less expensive homes
Cities with Similar Populations
- Mylo, ND: higher priced homes
- New Era, PA: higher priced homes
- Nella, AR: higher priced homes
- Needmore, AR: less expensive homes
- Natrona, WY: higher priced homes
- Nashville, OR: higher priced homes
- Narka, KS: less expensive homes
- Namekagon, WI: higher priced homes
- Myrick, OR: higher priced homes
- Powers, OH: higher priced homes
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