House Prices

House Prices & Home Values Wallace, MI 2026


Average Data

average house price$181,267
average size per house1172 ft²
average price per ft²155 $ / ft²

04/19/2026 - The value range (VR) for house prices in Wallace, MI is $155/ sqft to $155/ sqft. An average home with 1172 sqft costs approximately $181,660 to $181,660. Wallace, MI includes 1 ZIP codes and it is located in Menominee county. The lowest prices are found in ZIP 49893, while the highest are in ZIP 49893. The average price per sqare feet is $155. Our analysis is based on 3 property listings.

Avergage prices by ZIP codes Wallace

49893155 $ / ft²




Historical development of home values in Wallace

Year Estimated value (USD) Change vs. 2025
2010 $84,184 -53.6%
2011 $80,928 -55.4%
2012 $80,710 -55.5%
2013 $83,727 -53.8%
2014 $87,890 -51.5%
2015 $92,401 -49.0%
2016 $97,223 -46.4%
2017 $102,471 -43.5%
2018 $108,136 -40.3%
2019 $113,150 -37.6%
2020 $119,000 -34.4%
2021 $135,349 -25.3%
2022 $157,787 -13.0%
2023 $166,393 -8.2%
2024 $176,019 -2.9%
2025 $181,267 0.0%

Graph: estimated home values in Wallace over time (USD)



Example: 100% financing house in Wallace

Loan amount: $181,267

Interest rate: 6.00%

Fixed monthly payment: $1,086.79

Breakdown in the 1st month:
Interest portion: $906.34  –  Principal portion: $180.45

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $10,815.47 $2,225.98 $179,041.02
2 $10,678.17 $2,363.27 $176,677.75
3 $10,532.41 $2,509.04 $174,168.71
4 $10,377.66 $2,663.79 $171,504.92
5 $10,213.36 $2,828.08 $168,676.84
6 $10,038.93 $3,002.51 $165,674.33
7 $9,853.75 $3,187.70 $162,486.63
8 $9,657.13 $3,384.31 $159,102.31
9 $9,448.40 $3,593.05 $155,509.26
10 $9,226.79 $3,814.66 $151,694.60
11 $8,991.51 $4,049.94 $147,644.66
12 $8,741.71 $4,299.73 $143,344.93
13 $8,476.52 $4,564.93 $138,780.00
14 $8,194.96 $4,846.49 $133,933.51
15 $7,896.04 $5,145.41 $128,788.11
16 $7,578.68 $5,462.76 $123,325.35
17 $7,241.75 $5,799.69 $117,525.65
18 $6,884.04 $6,157.41 $111,368.24
19 $6,504.26 $6,537.18 $104,831.06
20 $6,101.07 $6,940.38 $97,890.68
21 $5,673.00 $7,368.45 $90,522.23
22 $5,218.53 $7,822.92 $82,699.31
23 $4,736.03 $8,305.42 $74,393.89
24 $4,223.77 $8,817.68 $65,576.21
25 $3,679.91 $9,361.53 $56,214.68
26 $3,102.51 $9,938.93 $46,275.75
27 $2,489.50 $10,551.95 $35,723.80
28 $1,838.68 $11,202.77 $24,521.04
29 $1,147.72 $11,893.73 $12,627.31
30 $414.14 $12,627.31 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Wallace, MI


1500 sqft3900 sqft
Ø selling price$281,326$598,455
Ø fast selling$255,751$538,610
Ø high price sale$306,900$658,301

In 2026, houses in Wallace, MI will be offered at an average price of $155 per square foot. A 1,500 sqft home priced at $281,326 is 22.91% more expensive per square foot than a 3,900 sqft home priced at $598,455. Home prices in Wallace, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $414,316. Sellers who can wait longer may achieve a higher price of up to $506,386.


Discover Wallace, MI

Located in Michigan?s Upper Peninsula, Wallace, MI is a quiet unincorporated community in Menominee County.
Set near the Wisconsin border and the Menominee River, it offers easy access to cross-border adventures.
Its convenient position along the US-41 corridor connects residents and visitors to nearby hubs.

Outdoor Recreation & Lifestyle

Surrounded by forests, farms, and winding streams, Wallace, Michigan is ideal for four-season outdoor recreation.
Visitors come for fishing, hunting, hiking, and snowmobiling on well-traveled regional trails.
Fall colors, crisp winters, and mild summers make it a scenic escape.

Businesses & Access

Local businesses, farm stands, and services reflect the area?s rural heritage while welcoming road-trippers.
From Wallace, US-41 places Menominee and Marinette to the south and Escanaba to the north within an easy drive.

Visitor Tips & Practical Info

Practical details include ZIP code 49893 and Upper Peninsula area code 906 for communications and deliveries.
When planning a visit, check seasonal road conditions and lodging availability to make the most of your Wallace, MI experience.



FAQ – Home Values in Wallace

What is the median home value in Wallace in 2026?

In 2026, the typical home value in Wallace is about $181,267 for an average home size of 1172 square feet. This corresponds to an average price of roughly $155 per square foot.

What is the average cost per square foot in Wallace?

In 2026, homes in Wallace sell for an average of around $155 per square foot, with a typical range between $155 and $155 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Wallace is about 1172 square feet, with an estimated 2026 value around $181,267.



Locations close to Wallace, MI

Wells, MI75 $ / ft²
Wetmore, MI104 $ / ft²
Wilson, MI223 $ / ft²
Vulcan, MI216 $ / ft²
Trenary, MI196 $ / ft²
Stephenson, MI78 $ / ft²
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