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Wallace, ID

Full City Profile · Idaho · Shoshone County County

2.8 /5.0
C+ Fair
1,127 Population 1,238/sq mi density
$50,526 Median Income $28,175 per capita
$219,200 Home Value $247,527 Zillow
$731 Median Rent 25.7% income on rent
46°F Avg Temperature 249 sunny days/yr
259 Violent Crime/100K 2,526 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$50,526 median income, 3.0% unemployment
A
Affordability
4.2 / 5.0
$219,200 home value, $731/mo rent
F
Safety
1.0 / 5.0
259 violent crimes/100K
C
Education
2.5 / 5.0
18.7% bachelor's degree or higher

Housing Overview

Median Home Value
$219,200
22% below
US avg: $281,900
Median Rent
$731/mo
37% below
US avg: $1,163/mo
Homeownership Rate
52.6%
20% below US avg (65.4%)
Total Housing Units
651
Median year built: 1938

Home Value by Source

Census Median
$219,200
Zillow (ZHVI)
$247,527
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

52.6%
Owner-Occupied
47.4%
Renter-Occupied
53%
47%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$898/mo
1 Bedroom
$950/mo
2 Bedroom
$1,173/mo
3 Bedroom
$1,619/mo
4 Bedroom
$1,949/mo
Census median rent: $731/mo

Affordability & Housing Stock

Rent Burden
25.7%
of renters spending 30%+ of income on housing
17% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
52.6%

Complete Housing Data

Home Values

Census Median Value$219,200
Zillow Home Value (ZHVI)$247,527

Rent

Census Median Rent$731
FMR Studio$898
FMR 1-Bedroom$950
FMR 2-Bedroom$1,173
FMR 3-Bedroom$1,619
FMR 4-Bedroom$1,949

Market

Ownership & Stock

Owner-Occupied52.6%
Renter-Occupied47.4%
Homeownership Rate52.6%
Total Housing Units651
Median Year Built1938
Rent Burden25.7%