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 $201,100, lower than the Texas average of $322,096.
The average cost of rent is $1,064/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. In Wallace, 22.16% of households rent, and 58.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $3,703 per month. Households that rent pay about 28.74% of their income on rent here. Wallace’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Canton, TX: higher priced homes
- Myrtle Springs, TX: higher priced homes
- Scott, TX: higher priced homes
- Whitton, TX: higher priced homes
- Tundra, TX: higher priced homes
- Wentworth, TX: higher priced homes
- Prairieville, TX: higher priced homes
- Roddy, TX: higher priced homes
- Edgewood, TX: higher priced homes
- Hiram, TX: higher priced homes
Cities with Similar Populations
- Laurens, IA: less expensive homes
- Stanford, IN: higher priced homes
- Stanaford, WV: equally priced homes
- Santa Maria, TX: less expensive homes
- Robert Lee, TX: less expensive homes
- Prairie, MS: less expensive homes
- Milford, TX: higher priced homes
- Mechanicsville, IA: equally priced homes
- Mason, WV: less expensive homes
- Marbury, MD: higher priced homes
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