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Wallace, FL
Full City Profile · Florida · Santa Rosa County County
3.9
/5.0
B+
Good
3,965
Population
337/sq mi density
$115,216
Median Income
$50,239 per capita
$377,600
Home Value
$320,934 Zillow
$1,394
Median Rent
27.9% income on rent
65°F
Avg Temperature
313 sunny days/yr
286
Violent Crime/100K
2,627 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$115,216 median income, 0.1% unemployment
A+
Affordability
4.8 / 5.0
$377,600 home value, $1,394/mo rent
F
Safety
1.0 / 5.0
286 violent crimes/100K
A+
Education
4.9 / 5.0
48.6% bachelor's degree or higher
Housing Overview
Median Home Value
$377,600
34% above
US avg: $281,900
Median Rent
$1,394/mo
20% above
US avg: $1,163/mo
Homeownership Rate
93.9%
44% above US avg (65.4%)
Total Housing Units
1,288
Median year built: 2010
Home Value by Source
Census Median
$377,600
Zillow (ZHVI)
$320,934
Median Sale Price
$319,990
Median List Price
$435,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
93.9%
Owner-Occupied
6.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,394/mo
Market Indicators (Redfin)
Median Days on Market
114 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
10.3%
of listings with price reduction
Price Per Sq Ft
$172
Active Inventory
29
homes for sale
Affordability & Housing Stock
Rent Burden
27.9%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
2010
Average age of housing stock: 16 years
Homeownership Rate
93.9%
Complete Housing Data
Home Values
| Census Median Value | $377,600 |
| Zillow Home Value (ZHVI) | $320,934 |
| Median Sale Price | $319,990 |
| Median List Price | $435,000 |
| Price Per Sq Ft | $172 |
Rent
| Census Median Rent | $1,394 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 114 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.3% |
| Homes Sold | 8 |
| Active Inventory | 29 |
| Price Per Sq Ft | $172 |
Ownership & Stock
| Owner-Occupied | 93.9% |
| Renter-Occupied | 6.1% |
| Homeownership Rate | 93.9% |
| Total Housing Units | 1,288 |
| Median Year Built | 2010 |
| Rent Burden | 27.9% |