Wallace, CA

Wallace, California is a small town located in the Central Valley. The population of Wallace is just over 2,000 people. The median household income in Wallace is just over $60,000.

Real estate in Wallace is very affordable compared to other cities in the Bay Area. There are a number of reasons for this. First, Wallace has a low population density which means there are fewer homes for sale and therefore prices are lower. Second, Wallace is located in the Central Valley which means there is plenty of land available for development which drives down prices even further. Finally, Wallace doesn't have any major attractions or businesses that draw tourists which keeps property values low.

Despite these factors, real estate in Wallace does have its own unique characteristics that can make it an interesting option for buyers and sellers alike. For example, Wallace has a strong agricultural economy and many residents commute to jobs in Fresno or Bakersfield. This means there is a high demand for housing near work and this drives up prices slightly. Additionally, many residents of Wallace are retired military personnel who enjoy the relatively low cost of living and close proximity to military bases such as Fort Irwin and Edwards Air Force Base.