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Wallace

Wallace

Located in Duplin County

$290,996 Average Value
$177 Average Price per Sq Ft
72 Homes For Sale

Wallace's agricultural roots, rural nature and modern growth

Settled in the early 19th century, Wallace is one of the original towns that cropped up after the completion of the Wilmington and Weldon Railroad, surrounded by rolling fields that supported cotton gins and strawberry crops. Wallace is still primarily an agricultural area known for large livestock herds and produce. Its laidback location near the North Carolina shoreline and city job prospects have made it appealing for new residents. "It's rural, and you're not on top of your neighbors, but you're still less than an hour from bigger places like Jacksonville and Wilmington," says Jody Roney, a Realtor with Coldwell Banker who's lived in nearby Burgaw for 20 years. "It's got the mom-and-pop shops and the country lifestyle, but at the same time, it's getting the bigger stores, the gated communities. It's only growing because people want quiet without being completely in the middle of nowhere."

Affordable midcentury homes and contemporary properties near Wilmington

Around downtown Wallace, on quiet streets, are midcentury ranch-style homes, renovated cottages and Cape Cods, usually selling for $180,000 to $325,000. "Wilmington is pricey; you can get a comparable house in Wallace for much less," Roney says. "A lot of people commute to Wilmington or Jacksonville for work, but they want less traffic and more affordable prices. For most homes here, you're looking at under $450,000 for good square footage and a decent lot size." Further into the country, custom-built and large contemporary homes become more common. River Landing, a gated community filled with spec housing, is Wallace's newest residential area and a big draw for new residents. Homes in River Landing can sell anywhere between $385,000 to $750,000, determined by square footage and luxury amenities.

Playing around at Farrior Park and heading down to the beach for the day

At Farrior Park, which is anchored by Boney Mill Pond, licensed anglers can cast a line off a recently built dock, and there are kayak and canoe launches for those who want to row around in the water. The park also has a playground and walking trail that circles the pond. "Legion Stadium has your typical Friday night football. Youth leagues and such are really active there," Roney says. "And you can get to the beach in under an hour, so it's easy to go down for the day."

Essential errand runs and locally owned businesses on West Main Street

Wallace serves as a shopping area for many surrounding rural communities, dotted with chain restaurants and small retail plazas. Stores like Piggly Wiggly, Walmart and Tractor Supply provide for residents' everyday needs, and The Wells Livestock opens twice a week to local vendors selling produce. Along West Main Street is a small selection of independently owned shops and restaurants, from vintage clothes at This Little Pig to the ever-changing seasonal menu at Mo'Joe Coffee & Cupcakes. "Mad Boar out by River Landing is pretty great, they do good comfort food. They have live music every weekend, too."

Celebrating spring at the Carolina Strawberry Festival and weekly community events

Every year in May, Wallace welcomes both locals and tourists to the Carolina Strawberry Festival. The main stage hosts live music and the festival pageant while visitors browse the wine and beer garden, hop on carnival rides and enjoy tons of strawberries. "I think there's more going on than people might think; it's just about knowing your community," Roney says. "The neighborhood by the Walmart goes all-out for Halloween; all the neighbors decorate and let families park in their driveways so the kids can trick-or-treat. It's things like that."

Wallace-based public schooling with Duplin County

Most children will receive education through Duplin County Schools, and North Carolina does not offer open enrollment for children to attend schools outside of what they are zoned to. Wallace Elementary School, which teaches prekindergarten through eighth grade, receives a C on Niche. Kids can move on to C-plus-rated Wallace-Rose Hill High School, which received the North Carolina Academic Growth Award for the 2023-2024 school year.

Light traffic makes for easy commutes around Wallace

State Routes 41 and 117 intersect in the center of Wallace, running east-west and north-south, respectively. Interstate 40 runs parallel to the community and 39 miles south to Wilmington. "You can be in Wilmington in 30 minutes, on the beach is 45. It seems counterintuitive, but the further out you get, the less time things take," Roney says. While Wallace has an urgent care center, the closest major hospital, ECU Health Duplin Hospital, is found 20 miles north. Railroad tracks cut through the community's center, so residents may occasionally hear passing trains.

Kaitie Lamb
Written By
Kaitie Lamb

Interested in learning more about homes in this area? Reach out to Rob Warwick, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Wallace Housing Trends

Housing Trends

Median List Price
$384,450
Median Sale Price
$325,000
Median Single Family Sale Price
$384,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
97
Median Home Sale Price YoY Change
18%
Average Price Per Sq Ft
$177

Neighborhood Facts

Number of Homes in Neighborhood
2,195
Number of Homes for Sale
72
Median Year Built
1971
Months of Supply
8.90
Average Single Family Home Size Sq Ft
1,821
Below the national average
1,925
Median Lot Size Sq Ft
18,295

Open Houses

  • 264 Red Fox Run, Wallace, NC 28466

    $41,000

    • 264 Red Fox Run

    Large corner lot in gated, golf community less than 40 miles from Wilmington. River Landing is an award winning lifestyle community that offers two 18-hole golf courses. Featuring an outdoor pool, a beautiful clubhouse with dining, golf, driving range, tennis & pickleball courts, fitness facility, playground, basketball courts & more. Bring your custom builder!

    Agent Photo
    Stephanie Mann
    EXP Realty LLC - C
    (910) 294-4591
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  • 143 Red Fox Run Dr, Wallace, NC 28466

    $649,000

    • 3 Beds
    • 3.5 Baths
    • 2,590 Sq Ft
    • 143 Red Fox Run Dr
    • New 4 days ago

    This to-be-built residence offers a thoughtfully designed floor plan as the starting point--bring your vision and work with the builder to personalize key features, finishes, and layout options to suit your needs. Final pricing will reflect the choices made during the design process. Call to set up an appointment and planning session. *Photos are virtual renderings*

    The Smith Group Landmark Sotheby's International Realty

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  • 143 Red Fox Run, Wallace, NC 28466

    $35,000

    • 143 Red Fox Run
    • New 4 days ago

    Discover the perfect setting for your dream home in the prestigious, gated community of River Landing. This 0.63-acre lot offers a serene pond view and is ideally tucked away within the neighborhood for added privacy and tranquility. Enjoy the beauty of mature landscaping, peaceful surroundings, and access to world-class amenities including championship golf courses, a clubhouse, fitness center,

    The Smith Group Landmark Sotheby's International Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Wallace Has More Owners

Demographics

Total Population
3,312
Median Age
41
Population under 18
26.5%
On par with the national average
23.8%
Population over 65
22.2%
On par with the national average
19.1%

Finances

Median Household Income
$41,898
Significantly below the national average
$71,702
Average Household Income
$60,610

Education and Workforce

High School Graduates
77.4%
Below the national average
89.1%
College Graduates
19.4%
Below the national average
34.1%
Advanced Degrees
3.7%
% Population in Labor Force
56.6%

Weather

Annual Precipitation
51''
Average Winter Low Temperature
29°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

36 / 100

Car-Dependent

Walk Score®®

26 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Wallace