Similar to other places in this area, it's significantly less expensive compared to the nation as a whole. Compared to the city of Raleigh, it's significantly less expensive.
Home prices
The median home in Wallace is valued at $105,400. This is approximately $4,940 (4%) higher in comparison to its nearby areas.It is roughly $112,100 (51%) lower in comparison to the rest of the country, and in comparison to the city of Raleigh is about $142,900 (57%) lower.
Rents
The median rent in Wallace is $564 a month. In comparison to the surrounding areas this is approximately $139 (19%) lower.In comparison to the United States as a whole it is roughly $498 (46%) lower, and in comparison to the city of Raleigh it is roughly $557 (49%) lower.
Nearby places
Teachey
Teachey is approximately 2 miles north from Wallace. The real estate prices there are a bit more expensive. The value of the median home in Teachey is $141,700, which is $36,300 (25%) higher than Wallace. Its rents are a little more expensive. Teachey's median monthly rent is $754, which is $190 (25%) higher than Wallace.
Rose Hill
Rose Hill is roughly 6 miles north of Wallace. Its real estate prices are a bit less expensive. The median home cost in Rose Hill is $81,900, which comes out to $23,500 (28%) lower than Wallace. Its rents are somewhat more expensive. Rose Hill's median monthly rent is $797, which works out to $233 (29%) higher than Wallace.
Greenevers
Greenevers is approximately 7 miles northeast of Wallace. Its housing prices are similar. The median home in Greenevers costs $104,300, which works out to $1,100 (1%) lower than Wallace. Its rents are a little more expensive. Greenevers's median rent is $594 per month, which comes out to $30 (5%) higher than Wallace.
Harrells
Harrells is approximately 10 miles west from Wallace. Housing prices there are a little more expensive. Harrells's median home cost is $119,200, which works out to $13,800 (11%) higher than Wallace. Its rents are a little more expensive. In Harrells the median monthly rent is $713, which comes out to $149 (20%) higher than Wallace.
Magnolia
Magnolia is roughly 11 miles north of Wallace. The housing prices there are significantly less expensive. The price of the median home in Magnolia is $55,200, which works out to $50,200 (90%) lower than Wallace. The rent there is a little more expensive. The median rent in Magnolia is $658 per month, which comes out to $94 (14%) higher than Wallace.
