Wallace, ID
Full City Profile · Idaho · Shoshone County County
3.3
/5.0
B
Good
1,127
Population
1,238/sq mi density
$50,526
Median Income
$28,175 per capita
$219,200
Home Value
$263,533 Zillow
$731
Median Rent
25.7% income on rent
46°F
Avg Temperature
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$50,526 median income, 5.6% unemployment
A
Affordability
4.2 / 5.0
$219,200 home value, $731/mo rent
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)
$263,533
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
52.6%
Owner-Occupied
47.4%
Renter-Occupied
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) | $263,533 |
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-Occupied | 52.6% |
| Renter-Occupied | 47.4% |
| Homeownership Rate | 52.6% |
| Total Housing Units | 651 |
| Median Year Built | 1938 |
| Rent Burden | 25.7% |