Wallace MI Multi Family for Sale

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Wallace Real Estate

The median home value in Wallace, MI is $202,500. This is higher than the county median home value of $134,900. The national median home value is $338,100. The average price of homes sold in Wallace, MI is $202,500. Approximately 67.9% of Wallace homes are owned, compared to 3.58% rented, while 28.52% are vacant. Wallace real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Wallace real estate agent to arrange a tour today!

Wallace, Michigan has a population of 1,541. Wallace is less family-centric than the surrounding county with 17.98% of the households containing married families with children. The county average for households married with children is 22.43%.

The median household income in Wallace, Michigan is $62,656. The median household income for the surrounding county is $52,457 compared to the national median of $69,021. The median age of people living in Wallace is 54.8 years.

Wallace Weather

The average high temperature in July is 80.3 degrees, with an average low temperature in January of 6 degrees. The average rainfall is approximately 31 inches per year, with 46.8 inches of snow per year.

Wallace Real Estate Market Conditions

  • Median sales price

    $202,500
    23.1% change since last quarter
  • # Active listings

    7
    30-day change

Wallace Schools and Demographics

Education near Wallace, MI

Metric City County
High School Graduates 93.09 93.02
College Degree - 2 year 7.69 12.23
College Degree - 4 year 20.94 17.46
Graduate Degree 4.48 4.29
Expenditures per Student 13,386 13,386
Students per Teacher 17.8 17.8

Elementary Schools near Wallace, MI

School Grades Students P/T Ratio ZIP
Blesch Intermediate School 03 - 06 420 18.6 49858
Central Elementary School PK - 02 327 15.1 49858
Stephenson Elementary School PK - 05 248 14.7 49887

Middle Schools near Wallace, MI

School Grades Students P/T Ratio ZIP
Menominee Junior High School 07 - 08 243 18.9 49858
Stephenson Middle School 06 - 08 131 15.8 49887

High Schools near Wallace, MI

School Grades Students P/T Ratio ZIP
Menominee High School 09 - 12 500 17.4 49858
Stephenson High School 09 - 12 190 17.3 49887

Ungraded Schools near Wallace, MI

School Grades Students P/T Ratio ZIP
* West Michigan Virtual - Menominee 09 - 12 42 28 49858
Carney-Nadeau School PK - 12 248 14.2 49812
Menominee ISD Special Education 01 - 12 14 1.4 49858

Demographics near Wallace, MI

Metric City County
Neighborhood Type Small town
Population 1,541 23,477
Population Density 21 23
Median Age 54.8 49.5
People per Household 2.2 2.4
Median Household Income 62,656 52,457
Average Income per Capita 37,092 28,819