Housing in Wallace, NC is significantly more affordable than the US median value. With a median house value of $178,900, it is nearly half the national average. Furthermore, the rate of appreciation for housing in Wallace has far outpaced that of the US as a whole. In the last year alone, the appreciation rate for houses in Wallace was 18.56%, more than twice that of 8.27% nationally. This trend suggests encouraging news for potential homebuyers considering purchasing in Wallace and signals a strong real estate market for current homeowners.
The median home cost in Wallace is $178,900. Home appreciation the last 10 years has been 114.4%. Home Appreciation in Wallace is up 24.7%.
Average Age of Homes
- The median age of Wallace real estate is 48 years old
The Rental Market in Wallace
- Renters make up 44.3% of the Wallace population
- 0.0% of houses and apartments in Wallace, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.