Expensive
Affordable
Affordable
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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 $93,331, lower than the Arkansas average of $207,061.
The average cost of rent is $744/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. In Wallace, 16.68% of households rent, and 81.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $4,472 per month. Households that rent pay about 16.63% of their income on rent here. Wallace’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Foreman, AR: equally priced homes
- Lanesport, AR: equally priced homes
- Alleene, AR: higher priced homes
- Smith Hill, TX: higher priced homes
- Richmond, AR: higher priced homes
- Burns, TX: higher priced homes
- Tom, OK: higher priced homes
- Wilton, AR: higher priced homes
- Ashdown, AR: higher priced homes
- Redbank, TX: higher priced homes
Cities with Similar Populations
- Layland, WV: equally priced homes
- Sparksville, KY: higher priced homes
- South Owego, NY: higher priced homes
- South Heights, PA: higher priced homes
- Linden, NY: higher priced homes
- Lindell, VA: higher priced homes
- Lidderdale, IA: higher priced homes
- Lewis Store, TN: higher priced homes
- Leroy, IN: higher priced homes
- Lenox, AL: higher priced homes
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