Market Overview
Home Prices in Wallace, WV
The median home value in Wallace, WV is $97,864 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.3% compared to a year ago and down 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Wallace are priced76% below average. Wallace is part of the Clarksburg, WV metro area.
Over the past five years, Wallace home values have risen by approximately4.8%, reflecting modest growth in this market.
Price History
Wallace Home Price Trend
2020
$84,206
$84K
—
2021
$93,355
$93K
+10.9%
2022
$97,354
$97K
+4.3%
2023
$93,638
$94K
-3.8%
2024
$97,757
$98K
+4.4%
2025
$96,639
$97K
-1.1%
2026
$97,864
$98K
+1.3%
City Comparison
Wallace vs. National Median
🏠 Wallace
$97,864
National Median
$410,000
At $97,864, homes in Wallace cost 76% below the national median of $410,000. This makes Wallace a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Wallace?
20% Down Payment
$19,573
on $97,864
Monthly P&I
$510/mo
30-yr @ 6.8%
Total Monthly Est.
~$648/mo
incl. taxes & insurance
Income Needed
$25,920
gross annual (30% rule)
10% Down Option
$9,786
+ PMI applies
Loan Amount (20% dn)
$78,291
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, WV?
The median home value in Wallace is $97,864 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.3% year-over-year.
How much have home prices changed in Wallace?
Over the past year, home values in Wallace have increased by 1.3%. Over five years, prices have risen approximately 4.8%.
How much do I need to earn to buy a home in Wallace?
To comfortably afford the median home price of $97,864 with a 20% down payment ($19,573) at today's rates (6.8%), you'd need a gross annual income of approximately $25,920. 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 $97,864, homes in Wallace are 76% below the national average.
What metro area is Wallace part of?
Wallace is part of the Clarksburg, WV metropolitan area. Home prices and market conditions can vary across the broader metro region.