The housing market in Wallace, IN is relatively strong, with the median value of homes coming in at around $85,000. This is significantly below the US median house value of $338,100. Despite this discrepancy in values, houses in Wallace have experienced an impressive 1 year appreciation rate of 10.75%, slightly higher than the national average of 8.27%. With these figures combined, it can be concluded that the real estate market in Wallace is healthy and growing at a steady rate.
The median home cost in Wallace is $85,000. Home appreciation the last 10 years has been 84.4%. Home Appreciation in Wallace is up 14.6%.
Average Age of Homes
- The median age of Wallace real estate is 78 years old
The Rental Market in Wallace
- Renters make up 9.8% 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.