Housing in Wallace, NC

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$207,078

Wallace vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Wallace is highlighted.

Median Home Value

54th%ilemost expensive$192,800show rank

Median Rent

35th%ilemost expensive rent$833show rank

Rent Burden

61st%ilehighest rent burden20.3%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$192,800

Median Rent

$833

Total Housing Units

1,859

Vacancy Rate

11.8%

Owner Occupied

50.4%

Renter Occupied

49.6%

Median Property Tax

$1,429

per year

Monthly Cost (w/ Mortgage)

$855

Housing Types

Single Family

65.8%

Multi-Family

29.4%

Mobile Home

4.8%

The median home value in Wallace, NC is $192,800. According to Zillow, the home value index for Wallace is $207,078. The median rent is $833 per month (Census ACS). About 50.4% of housing units are owner-occupied. The median year homes were built is 1980. There are 1,859 total housing units.