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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 $570,190, lower than the California average of $812,006.
The average cost of rent is $1,367/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. In Wallace, 24.47% of households rent, and 33.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $8,939 per month. Households that rent pay about 15.29% of their income on rent here. Wallace’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Burson, CA: equally priced homes
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- Lockeford, CA: equally priced homes
- Linden, CA: higher priced homes
- Paloma, CA: less expensive homes
Cities with Similar Populations
- New Hope, NC: less expensive homes
- Pesotum, IL: less expensive homes
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- North Irwin, PA: less expensive homes
- Norborne, MO: less expensive homes
- New Milford, IL: less expensive homes
- Pine Springs, MN: equally priced homes
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