Cost of Living & Housing in Wallace
Wallace offers genuinely affordable housing relative to most Idaho markets in this project, backed by a property tax rate essentially at the Idaho statewide average and Idaho's flat, low state income tax.
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Learn moreA real, disclosed housing-price spread, genuinely affordable overall
Wallace's home price figures ran roughly $199,000 to $291,000 depending on source and measurement date (base record) -- a real, disclosed spread, though every cited figure runs genuinely affordable relative to most Idaho markets built elsewhere in this project.
A property tax rate essentially at the Idaho average
Shoshone County's effective property tax rate ran 0.50% for 2026 -- essentially in line with, and marginally below, Idaho's own 0.53% statewide average (base record).
Idaho's flat, low state income tax
Idaho's flat 5.3% state income tax and flat 6% state sales tax apply statewide, including in Wallace (base record).
A genuinely tiny market worth confirming directly
Wallace's population carries a real, disclosed spread (roughly 823-956 depending on source) reflecting its genuinely tiny scale (base record) -- a small number of transactions can swing median price figures meaningfully.
Key takeaways
- Housing runs genuinely affordable, though figures carry a real, disclosed spread ($199,000-$291,000 depending on source and date).
- Shoshone County's 0.50% effective property tax rate sits essentially at Idaho's 0.53% statewide average.
- Idaho's flat 5.3% state income tax and 6% state sales tax apply statewide.
- Wallace is a genuinely tiny market -- confirm current listings directly rather than relying on any single cited figure.
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