House Prices

House Prices & Home Values Wallace, SD 2026


Average Data

average house price$253,457
average size per house1916 ft²
average price per ft²133 $ / ft²

04/15/2026 - The value range (VR) for house prices in Wallace, SD is $120/ sqft to $120/ sqft. An average home with 1916 sqft costs approximately $229,920 to $229,920. Wallace, SD includes 1 ZIP codes and it is located in Codington county. The lowest prices are found in ZIP 57272, while the highest are in ZIP 57272. The average price per sqare feet is $133. Our analysis is based on 41 property listings.

Avergage prices by ZIP codes Wallace

57272132 $ / ft²




Historical development of home values in Wallace

Year Estimated value (USD) Change vs. 2025
2010 $117,710 -53.6%
2011 $113,158 -55.4%
2012 $112,853 -55.5%
2013 $117,072 -53.8%
2014 $122,893 -51.5%
2015 $129,200 -49.0%
2016 $135,943 -46.4%
2017 $143,280 -43.5%
2018 $151,202 -40.3%
2019 $158,213 -37.6%
2020 $166,391 -34.4%
2021 $189,252 -25.3%
2022 $220,626 -13.0%
2023 $232,660 -8.2%
2024 $246,120 -2.9%
2025 $253,457 0.0%

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



Example: 100% financing house in Wallace

Loan amount: $253,457

Interest rate: 6.00%

Fixed monthly payment: $1,519.60

Breakdown in the 1st month:
Interest portion: $1,267.29  –  Principal portion: $252.32

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $15,122.75 $3,112.48 $250,344.52
2 $14,930.78 $3,304.45 $247,040.07
3 $14,726.97 $3,508.26 $243,531.80
4 $14,510.59 $3,724.65 $239,807.16
5 $14,280.86 $3,954.37 $235,852.78
6 $14,036.96 $4,198.27 $231,654.51
7 $13,778.02 $4,457.21 $227,197.30
8 $13,503.11 $4,732.12 $222,465.18
9 $13,211.24 $5,023.99 $217,441.19
10 $12,901.38 $5,333.86 $212,107.33
11 $12,572.39 $5,662.84 $206,444.49
12 $12,223.12 $6,012.11 $200,432.38
13 $11,852.31 $6,382.92 $194,049.45
14 $11,458.62 $6,776.61 $187,272.85
15 $11,040.66 $7,194.58 $180,078.27
16 $10,596.91 $7,638.32 $172,439.95
17 $10,125.80 $8,109.44 $164,330.51
18 $9,625.62 $8,609.61 $155,720.90
19 $9,094.60 $9,140.63 $146,580.27
20 $8,530.83 $9,704.40 $136,875.87
21 $7,932.28 $10,302.95 $126,572.92
22 $7,296.82 $10,938.41 $115,634.50
23 $6,622.16 $11,613.07 $104,021.43
24 $5,905.89 $12,329.34 $91,692.09
25 $5,145.45 $13,089.79 $78,602.31
26 $4,338.10 $13,897.14 $64,705.17
27 $3,480.95 $14,754.28 $49,950.89
28 $2,570.94 $15,664.29 $34,286.59
29 $1,604.80 $16,630.43 $17,656.16
30 $579.07 $17,656.16 $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, SD


1500 sqft3900 sqft
Ø selling price$241,396$513,514
Ø fast selling$219,451$462,162
Ø high price sale$263,340$564,865

In 2026, houses in Wallace, SD will be offered at an average price of $133 per square foot. A 1,500 sqft home priced at $241,396 is 25.19% more expensive per square foot than a 3,900 sqft home priced at $513,514. Home prices in Wallace, SD vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $355,509. Sellers who can wait longer may achieve a higher price of up to $434,512.


Discover Wallace, South Dakota

Location and Heritage

Wallace, South Dakota is a small, friendly town nestled in the prairie landscapes of northeastern South Dakota. Located in Codington County, it offers easy access to nearby regional hubs like Watertown while preserving a quiet, rural pace.
The town is known as the birthplace of former U.S. Vice President Hubert H. Humphrey, a point of pride that adds historical depth.

Community and Economy

Agriculture anchors the local economy, with fields of corn, soybeans, and small grains surrounding the community. Residents value neighborly connections, active churches, and volunteer groups that support gatherings, benefits, and small-town events.
Housing remains affordable, and the low traffic and open skies attract families and retirees seeking a slower pace of life.

Outdoors and Things to Do

Outdoor enthusiasts appreciate the area?s ample opportunities for fishing on nearby lakes, waterfowl viewing, and classic South Dakota pheasant hunting. Seasonal changes bring vivid prairie sunsets, ice fishing and snowmobiling in winter, and wildflower drives in late spring.
Road-trippers often pair a stop in Wallace, SD with visits to museums, restaurants, and shopping in Watertown to round out their itineraries. Whether you are tracing Humphrey?s legacy, planning a country getaway, or scouting business opportunities, Wallace, SD delivers authentic small-town charm.



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 $253,457 for an average home size of 1916 square feet. This corresponds to an average price of roughly $133 per square foot.

What is the average cost per square foot in Wallace?

In 2026, homes in Wallace sell for an average of around $133 per square foot, with a typical range between $120 and $120 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 1916 square feet, with an estimated 2026 value around $253,457.



Locations close to Wallace, SD

Waubay, SD211 $ / ft²
Webster, SD112 $ / ft²
White, SD130 $ / ft²
Vienna, SD129 $ / ft²
Veblen, SD114 $ / ft²
Twin Brooks, SD78 $ / ft²
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