Wallace, SC—29596
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wallace, SC
As of Oct '25, the median home price in Wallace, SC is $88,000, with a year-over-year change of -27.6%. This indicates that home prices in Wallace, SC are decreasing. According to Zillow, the 1-year price projection is -9.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $88,000 | -27.6% |
| Single Family | $88,000 | -26.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wallace, SC
Wallace, SC 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, SC
As of Oct '25, Realtor.com reports that the median days on market for a home in Wallace, SC is 134. This is a increase of 74.0% 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 | $135,000 | -7.0% |
Listing Count | 1 | -44.0% |
| Listings as % of Homes | 0.1% | -44.0% |
Days on Market | 134 | 74.0% |
Demographics — Wallace, SC
As of the latest ACS Survey released in 2023, Wallace, SC has a population of 1,970, which has decreased by -9.1% over the past 5 years. Wallace, SC is a moderately popular place for families, as children make up 19.1% of the population. The area has a poorly educated workforce, with 4.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 1.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,970 | -9.1% |
% Under 18 | 19.1% | 6.7% |
% Seniors | 25.4% | 29.6% |
% WFH | 1.6% | -30.4% |
% w/ College Degree | 4.2% | -76.3% |
As of the latest ACS Survey released in 2023, Wallace, SC is a predominantly white area, with 50.7% of the population identifying as white. The white population has shrunk by 26.1% in the last 5 years. The second most common race or ethnicity in Wallace, SC is black, making up 35.4% of the population. Foreign-born residents account for 1.5% of the population in Wallace, SC, and this percentage has decreased by 60.5% 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 | 50.7% | -26.1% |
% Black | 35.4% | 51.9% |
% Hispanic | 0.7% | -83.7% |
% Asian | 0.5% | -44.4% |
% Foreign Born | 1.5% | -60.5% |
Mortgage and Risk — Wallace, SC
According to HUD data as of 2023, there were 30 mortgage originations in Wallace, SC, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Wallace, SC. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 30 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wallace, SC
Wallace, SC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% 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 | $770 |
| 2 Bedroom | N/A | N/A | $970 |
| 3 Bedroom | N/A | N/A | $1,240 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Wallace, SC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $88,000 |
| Median Household Income | $33,100 |