Wallace, NC

City

Rent in Wallace

Median Gross Rent

$881

Rent-to-Income Ratio

31.0%

Renter Share

42.5%

Median Renter Income

$40,256

Avg Household Size

2.1

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

1 Bedroom: $377
2 Bedrooms: $899
3 Bedrooms: $970

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 70.0%
$1,000-$1,500: 26.4%
$1,500-$2,000: 2.6%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 1.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 25.0%
20-30% (moderate): 22.1%
30-50% (cost-burdened): 19.3%
50%+ (severely cost-burdened): 32.7%
Not Computed: 1.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $66,368
Renter Households: $40,256

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 96.4%
$1,000-$1,500: 2.6%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 1.0%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Nearby Neighborhoods in Wallace

Brices Crossroads / Duff Creek

Cartersville / Murphey

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources