The housing market in Wallace, LA is thriving and has seen excellent growth in the last year. The median value of homes in Wallace is $194,300, significantly lower than the US median value of $338,100. Despite this disparity, the 1 year house appreciation rate for Wallace is 9.06%, higher than the US average of 8.27%, which shows how robust the housing market there is. This indicates that housing in Wallace is a good investment and will continue to be strong into the foreseeable future.
The median home cost in Wallace is $194,300. Home appreciation the last 10 years has been 61.9%. Home Appreciation in Wallace is up 12.3%.
Average Age of Homes
- The median age of Wallace real estate is 42 years old
The Rental Market in Wallace
- Renters make up 19.4% 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.