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Wallace city, ID

ZIP 83873 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 83873

Median Home Value
$249,800
Median Rent
$541
Affordability Snapshot
$69,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,605/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.0x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

38.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 83873 in Wallace city, ID, a household would need roughly $69,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,605. That is about 65% above the local median household income ($41,838), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 38% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
67.0%+2% vs US avg
x
Vacancy Rate
38.3%+272% vs US avg
x
Broadband Access
85.8%-1% vs US avg
x
4+ Bedrooms
5.3%-64% vs US avg
x
Built Pre-1939
12.9%+1% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
41.5%+9% vs US avg
x
$249,800
Home Value
$541
Rent
1938
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached78.4%
  • 1-unit attached0.0%
  • 2-9 units12.9%
  • 10+ units7.3%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$249,800
Median rent$541
Owner-occupied67.0%
Vacant38.3%
Price-to-income6.0x
Est. income to buy$69,000