Wallace, WV—26448
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wallace, WV
As of Oct '25, the median home price in Wallace, WV is $101,000, with a year-over-year change of -0.5%. This indicates that home prices in Wallace, WV are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $101,000 | -0.5% |
| Single Family | $102,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $139,000 | -0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Wallace, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Wallace, WV is 51. This is a increase of 159.0% 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 | $90,600 | -33.0% |
Listing Count | 3 | 14.0% |
| Listings as % of Homes | N/A | 14.0% |
Days on Market | 51 | 159.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Wallace, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $101,000 |
| Median Household Income | $51,000 |