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 $162,705, lower than the Michigan average of $196,062.
The average cost of rent is $689/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. While nearly 52.88% of residents own their homes outright in Wallace, 4.72% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $5,307 per month. Households that rent pay about 12.98% of their income on rent here. Wallace's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- McAllister, WI: less expensive homes
- Ingalls, MI: less expensive homes
- Stephenson, MI: less expensive homes
- Menominee, MI: less expensive homes
- Walsh, WI: equally priced homes
- Longrie, MI: less expensive homes
- Porterfield, WI: equally priced homes
- Marinette, WI: less expensive homes
- Cedar River, MI: equally priced homes
- Daggett, MI: less expensive homes
Cities with Similar Populations
- Newburg, MO: less expensive homes
- Southern View, IL: less expensive homes
- Smartville, CA: higher priced homes
- Slaughters, KY: less expensive homes
- Silex, MO: higher priced homes
- Schellsburg, PA: less expensive homes
- Rich Square, NC: less expensive homes
- Randle, WA: higher priced homes
- Plains, GA: less expensive homes
- Pinetta, FL: less expensive homes
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