Wallace, WV 26448 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Wallace, WV—26448

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$93,000

0.7% YoY Growth

Household Income

$51,000

4.4% YoY Growth

Days on Market

112

113.0% Longer YoY

Home Price Forecast

-1.0%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Wallace, WV

As of Dec '25, the median home price in Wallace, WV is $93,000, with a year-over-year change of -0.7%. This indicates that home prices in Wallace, WV are flat. According to Zillow, the 1-year price projection is -1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$93,000	-0.7%
Single Family	$94,000	-1.1%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Wallace, WV

Wallace, WV lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

2 Bedrooms

100.0%

Property Listings — Wallace, WV

As of Dec '25, Realtor.com reports that the median days on market for a home in Wallace, WV is 73. This is a increase of 91.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$62,200	-38.0%
Listing Count	2	0.0%
Listings as % of Homes	N/A	0.0%
Days on Market	112	113.0%

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Demographics — Wallace, WV

As of the latest ACS Survey released in 2023, Wallace, WV has a population of 1,180, which has decreased by -27.0% over the past 5 years. Wallace, WV is a popular place for families, as children make up 27.8% of the population. The area has a poorly educated workforce, with 3.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	1,180	-27.0%
% Under 18	27.8%	25.8%
% Seniors	25.1%	61.9%
% WFH	9.1%	1,720.0%
% w/ College Degree	3.9%	-55.7%

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As of the latest ACS Survey released in 2023, Wallace, WV is a predominantly white area, with 92.2% of the population identifying as white. The white population has shrunk by 1.0% in the last 5 years. The second most common race or ethnicity in Wallace, WV is hispanic, making up 3.3% of the population. Foreign-born residents account for 0.4% of the population in Wallace, WV, and this percentage has decreased by 33.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.2%	-1.0%
% Black	0.4%	∞%
% Hispanic	3.3%	-25.0%
% Asian	0.0%	N/A
% Foreign Born	0.4%	-33.3%

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Mortgage and Risk — Wallace, WV

According to HUD data as of 2023, there were 12 mortgage originations in Wallace, WV, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Wallace, WV. Investor activity is low, as 0.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	12
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	0.0%

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Rentals and Section 8 — Wallace, WV

Wallace, WV lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$810
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,210
4 Bedroom	N/A	N/A	$1,440

Wallace, WV—26448

Key Metrics at a Glance

Home Price Trends — Wallace, WV

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wallace, WV

% of Rental Stock

Property Listings — Wallace, WV

Demographics — Wallace, WV

Race and Ethnicity

Mortgage and Risk — Wallace, WV

Mortgages

Rentals and Section 8 — Wallace, WV

Section 8 Market Size

Section 8 Opportunity

Affordability — Wallace, WV

Home Price to Income Ratio

Wallace, WV — ZIP Code Boundary Map

Nearby ZIP Codes

Lumberport, WV

Center Point, WV

Reynoldsville

Smithfield, WV

Salem, WV

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.7
Median Home Price	$93,000
Median Household Income	$51,000

Wallace, WV—26448

Key Metrics at a Glance

Home Price Trends — Wallace, WV

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Wallace, WV

% of Rental Stock

Property Listings — Wallace, WV

Demographics — Wallace, WV

Race and Ethnicity

Mortgage and Risk — Wallace, WV

Mortgages

Rentals and Section 8 — Wallace, WV

Section 8 Market Size

Section 8 Opportunity

Affordability — Wallace, WV

Home Price to Income Ratio

Wallace, WV — ZIP Code Boundary Map

Nearby ZIP Codes

Lumberport, WV

Center Point, WV

Reynoldsville

Smithfield, WV

Salem, WV

Frequently Asked Questions

What is the average home price in Wallace, WV 26448?

How have home prices in Wallace, WV 26448 changed over the past year?

What is the home price projection for Wallace, WV 26448?

What are the demographics of Wallace, WV 26448?

How long does it take homes to sell in Wallace, WV 26448?

What is the average rent price in Wallace, WV 26448?