Wallace, KS

Wallace is a small town in southeastern Kansas, located about midway between Wichita and Topeka. The population was just over 2,000 in the 2010 census, making it one of the smaller towns in the area. Wallace is home to several businesses and institutions of higher education, including Wallace State College and Wallace Community College.

Real estate in Wallace is primarily residential. The town has a few commercial areas, but they are relatively small compared to other towns of similar size in the area. The majority of housing stock is single-family homes or duplexes. There are also a few apartment complexes and condominiums available, but they are not as common as they are in larger cities.

The median price for a single-family home in Wallace was $130,000 in 2016. This was lower than the median price for a home in neighboring Topeka ($160,000) but higher than the median price for a home in Wichita ($100,000). Over the past five years (2013-2016), the median price for a single-family home has increased by 6%.

The market for real estate in Wallace is generally stable and there has been little change over the past few years. However, there have been some fluctuations due to changes within local economies or specific trends within certain markets. Overall, though, real estate prices continue to rise steadily across all regions of Kansas and Wallace appears to be no exception.