67761, Wallace, KS

Wallace, KS is located in the 67761 zip code. According to the 2010 census, Wallace has a population of 2,827. The median household income was $54,917 and the median family income was $60,000. Wallace's home equity and home prices are important factors to consider when analyzing this area.

The average home value in Wallace is $101,000. This means that the typical Wallace homeowner has a total equity of $86,700. Home values have increased by an average of 5% each year since 2000. In 2007 and 2008, however, there was a slight decrease in home values (-1% and -0.5%, respectively). However, since 2009 there has been an increase in home values (+4%). The current trend suggests that Wallace's homes will continue to appreciate over time.

In terms of mortgage rates, homeownership is not as affordable as it once was; however, there are still many opportunities for those who want to purchase a home in Wallace. The average interest rate on mortgages in Wallace is 4%. This means that homeowners can expect to pay an annual mortgage payment of approximately $1,715 on their home equity balance.