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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 $91,920, lower than the Kansas average of $243,949.
The average cost of rent is $813/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. In Wallace, 30.00% of households rent, and 68.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $6,149 per month. Households that rent pay about 13.22% of their income on rent here. Wallace’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sharon Springs, KS: higher priced homes
- Russell Springs, KS: equally priced homes
- Weskan, KS: equally priced homes
- Brownville, KS: higher priced homes
- Winona, KS: equally priced homes
- Selkirk, KS: higher priced homes
- Leoti, KS: equally priced homes
- Tribune, KS: higher priced homes
- Marienthal, KS: higher priced homes
- Horace, KS: higher priced homes
Cities with Similar Populations
- Sidell, KY: higher priced homes
- Masters, MO: higher priced homes
- Seven Lakes, NM: less expensive homes
- Sharp Place, TN: higher priced homes
- Sharp, TX: higher priced homes
- Shawtown, OH: higher priced homes
- Shelbyville, AR: higher priced homes
- Sheldon, MN: higher priced homes
- Shive, TX: higher priced homes
- Shoals, WV: higher priced homes
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