Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$136,145+3.5% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$29,513About 0.4× the local median income ($68,507): affordable for a typical household
Days on market271 daysSlower than a year ago: buyers have time to negotiate
The typical home in Wallace County, KS is worth $136,145, up 3.5% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $129,668, so the area is 5.0% overvalued. It is a seller's market: homes take about 271 days to sell, listings are down 50% from a year ago, 0% of listings have had a price cut. A household needs about $29,513 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,507. In the latest IRS figures, 39 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$136,145
Change in 1 year
+3.5%
Overvalued %
+5.0%
Show 6 more
Fair home value
$129,668
Change in 5 years
+24.3%
Home value to income
2.0×
Monthly mortgage payment (20% down)
$738
Income needed to afford it
$29,513
Property tax rate
1.34%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$961
Market activity
Listings vs a year ago
−50.0%
Days on market
271
Listings with a price cut
0.0%
Show 3 more
Homes for sale
2
Pending sales per 100 listings
50
Asking price per sq ft
$62
People and jobs
Median household income
$68,507
Population change (1 year)
−2.6%
Unemployment rate
1.3%
Show 4 more
Population
1,441
Income adjusted for cost of living
$79,752
Net moves in (IRS)
+39
Cost of living (US = 100)
85.9
Schools, risk and environment
School rating (1 to 10)
9.0
FEMA hazard risk score (0 to 100)
1.2
Flood risk score
3.3
Show 3 more
Wildfire risk score
30.3
Walkability (1 to 20)
6.6
Road, rail and air noise
53 dB
Questions people ask
Is Wallace County, KS overvalued?
Home prices in Wallace County, KS are slightly above what local incomes have historically supported: fair value is about $129,668, so the area is 5.0% overvalued.
Is Wallace County, KS a buyer's or seller's market?
Wallace County, KS is a seller's market: homes take about 271 days to sell, listings are down 50% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Wallace County, KS?
Home values in Wallace County, KS are up 3.5% over the last year.
How much do you need to earn to buy a home in Wallace County, KS?
A household needs about $29,513 a year to afford the typical home in Wallace County, KS at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,507.