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Wallis

Learn about the people, housing, costs and businesses in Wallis, Texas

Median Home$164,600
Median Rent$811/month
Population1,315
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing25% information & media
Home Value Growth⬆⬆⬆+25.6% over 2 years
Young Adults32% of residentsabove average nationally
Homeowners73% of occupied units
NotableAffordable Market$165k median home · lower cost than 68% of the country
Wallis
TX

Frequently Asked Questions

What are today's mortgage rates in Wallis?

As of today, the 30-year fixed mortgage rate for Wallis is approximately 6.931% (6.968% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wallis?

The median home value in Wallis is $165k. The median monthly rent is $811. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wallis?

Home values in Wallis have increased 25.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wallis?

Based on a typical all-in ownership cost of $734/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wallis is $43k/year.

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What industries drive the economy in Wallis?

The largest employment sectors in Wallis are information and media (25%) and finance and insurance (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.