
Home Price Key
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 $535,807, lower than the California average of $648,235.
The average cost of rent is $1,226/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. While nearly 48.08% of residents own their homes outright in Wallace, 37.28% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $7,567 per month. Households that rent pay about 16.21% of their income on rent here. Wallace's most expensive areas are in the southern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
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- Lockeford, CA: less expensive homes
- Linden, CA: equally priced homes
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Cities with Similar Populations
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- Pine Springs, MN: less expensive homes
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