Market Overview
Home Prices in Wallace, CA
The median home value in Wallace, CA is $561,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.2% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wallace are priced37% above average. Wallace is part of the Stockton, CA metro area.
Over the past five years, Wallace home values have risen by approximately1.6%, reflecting modest growth in this market.
Price History
Wallace Home Price Trend
2020
$459,464
$459K
—
2021
$552,953
$553K
+20.3%
2022
$633,137
$633K
+14.5%
2023
$599,147
$599K
-5.4%
2024
$600,065
$600K
+0.2%
2025
$592,078
$592K
-1.3%
2026
$561,555
$562K
-5.2%
City Comparison
Wallace vs. National Median
🏠 Wallace
$561,555
National Median
$410,000
At $561,555, homes in Wallace cost 37% above the national median of $410,000. Buyers in Wallace should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Wallace?
20% Down Payment
$112,311
on $561,555
Monthly P&I
$2,929/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,720/mo
incl. taxes & insurance
Income Needed
$148,800
gross annual (30% rule)
10% Down Option
$56,156
+ PMI applies
Loan Amount (20% dn)
$449,244
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Wallace, CA?
The median home value in Wallace is $561,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.2% year-over-year.
How much have home prices changed in Wallace?
Over the past year, home values in Wallace have decreased by 5.2%. Over five years, prices have risen approximately 1.6%.
How much do I need to earn to buy a home in Wallace?
To comfortably afford the median home price of $561,555 with a 20% down payment ($112,311) at today's rates (6.8%), you'd need a gross annual income of approximately $148,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Wallace compare to the national average home price?
The national median home value is approximately $410,000. At $561,555, homes in Wallace are 37% above the national average.
What metro area is Wallace part of?
Wallace is part of the Stockton, CA metropolitan area. Home prices and market conditions can vary across the broader metro region.