MI area data
Wallace, MI
Wallace, MI.
Population: 1,320 (Census ACS)
Home values & appreciation
- Median home value
- $227,526
- 1-year appreciation
- +3.5%
- 3-year appreciation
- +16.1%
- 5-year appreciation
- +37.5%
- 10-year appreciation
- +135.0%
- All-time peak (2026-04)
- $228,721
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $125,000
- Median days on market
- 154.5 days
- Sale-to-list ratio
- 93.0%
- Active listings
- 1
- 1-year forecast
- +3.4%
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- coldWave, lightning
- FEMA flood zone
- C
- Flood risk level
- Minimal
Climate (30-year normals)
- Average annual temperature
- 79.0°F
- Average high
- 80.0°F
- Average low
- 78.0°F
- Annual precipitation
- 48.3 in
Walkability & transit
- Walkability index
- 3.2 / 20
- Transit service frequency
- -99,999
Amenities
- Nearest airport
- Menominee–Marinette Twin County Airport (MNM) (12 mi)
- Nearest major airport
- Delta County Airport (ESC) (39 mi)
- Hospitals nearby (~15 mi)
- 339
- Avg hospital rating
- 3.0 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- +29 tax filers
Housing stock
- Median year housing built
- 1,978
- Median annual property tax
- $1,217
- Mean commute to work
- 22 min
- Households with broadband internet
- 31.6%
Employment & development
- Total county employment
- 5,193
- Average weekly wage
- $901
- Top industries (by employment)
- Accommodation & Food, Wholesale Trade, Other Services
- Annual residential building permits (county)
- 26
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →