Expensive
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 $194,417, lower than the Michigan average of $250,415.
The average cost of rent is $781/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. In Wallace, 6.76% of households rent, and 59.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $5,525 per month. Households that rent pay about 14.14% of their income on rent here. Wallace’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- McAllister, WI: equally priced homes
- Ingalls, MI: less expensive homes
- Stephenson, MI: less expensive homes
- Menominee, MI: less expensive homes
- Walsh, WI: higher 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: equally priced homes
- Rich Square, NC: less expensive homes
- Randle, WA: higher priced homes
- Plains, GA: equally priced homes
- Pinetta, FL: higher priced homes
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