Wallace, NC Real Estate
According to census data in the year 2000 there were 1,425 housing units in Wallace.
This represents a 13.9% growth from 1,251 in 1990.
Of those housing units, 1,389 were located in either urbanized areas or urban clusters, and 36 were located in what is classified as a rural area.
Homeownership rate in Wallace is about 64.4%.
Wallace's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Wallace were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.80% |
| Two Bedrooms | 22.40% |
| Three Bedrooms | 56.30% |
| Four Bedrooms | 6.20% |
| Five Bedrooms or more | 5.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $77,200 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.50% |
| Home Equity Loan | 4.70% |
| Simple Mortgage | 39.20% |
| Debt Free | 42.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
