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 $171,300, lower than the Texas average of $235,268.
The average cost of rent is $939/mo in Wallace, primarily driven by the current value of real estate in the Wallace area. While nearly 51.44% of residents own their homes outright in Wallace, 19.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Wallace is $5,298 per month. Households that rent pay about 17.72% of their income on rent here. Wallace's most expensive areas are in the eastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Canton, TX: equally priced homes
- Myrtle Springs, TX: equally priced homes
- Scott, TX: higher priced homes
- Whitton, TX: higher priced homes
- Tundra, TX: higher priced homes
- Wentworth, TX: equally priced homes
- Prairieville, TX: equally priced homes
- Roddy, TX: equally priced homes
- Edgewood, TX: equally priced homes
- Hiram, TX: equally priced homes
Cities with Similar Populations
- Laurens, IA: less expensive homes
- Stanford, IN: equally priced homes
- Stanaford, WV: less expensive homes
- Santa Maria, TX: less expensive homes
- Robert Lee, TX: less expensive homes
- Prairie, MS: less expensive homes
- Milford, TX: less expensive homes
- Mechanicsville, IA: equally priced homes
- Mason, WV: less expensive homes
- Marbury, MD: higher priced homes
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