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Wallace, SD
Full City Profile · South Dakota · Day County County
3.1
/5.0
B
Good
67
Population
515/sq mi density
$53,750
Median Income
$21,375 per capita
$85,600
Home Value
$503,980 Zillow
$575
Median Rent
22.5% income on rent
44°F
Avg Temperature
276 sunny days/yr
262
Violent Crime/100K
2,215 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$53,750 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$85,600 home value, $575/mo rent
F
Safety
1.0 / 5.0
262 violent crimes/100K
C
Education
2.4 / 5.0
17.8% bachelor's degree or higher
Housing Overview
Median Home Value
$85,600
70% below
US avg: $281,900
Median Rent
$575/mo
51% below
US avg: $1,163/mo
Homeownership Rate
84.0%
28% above US avg (65.4%)
Total Housing Units
27
Median year built: 1938
Home Value by Source
Census Median
$85,600
Zillow (ZHVI)
$503,980
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.0%
Owner-Occupied
16.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$691/mo
1 Bedroom
$784/mo
2 Bedroom
$990/mo
3 Bedroom
$1,295/mo
4 Bedroom
$1,540/mo
Census median rent:
$575/mo
Affordability & Housing Stock
Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
84.0%
Complete Housing Data
Home Values
| Census Median Value | $85,600 |
| Zillow Home Value (ZHVI) | $503,980 |
Rent
| Census Median Rent | $575 |
| FMR Studio | $691 |
| FMR 1-Bedroom | $784 |
| FMR 2-Bedroom | $990 |
| FMR 3-Bedroom | $1,295 |
| FMR 4-Bedroom | $1,540 |
Market
Ownership & Stock
| Owner-Occupied | 84.0% |
| Renter-Occupied | 16.0% |
| Homeownership Rate | 84.0% |
| Total Housing Units | 27 |
| Median Year Built | 1938 |
| Rent Burden | 22.5% |