3/2 home with 1,440sq ft shop on the property. Currently zoned as residential, to change will need to get zoning changed. Additional acreage to the east of lot for sale also. High Traffic, High Viability 2.750 acres.
Real Estate & Homes for Sale in Wallace Heights, Midland
Frequently Asked Questions Why Live in Wallace Heights
Is Wallace Heights a good place to live?
Wallace Heights is a good place to live. Wallace Heights is considered car-dependent and somewhat bikeable. Wallace Heights has 6 parks for recreational activities. It is sparse in population with 0.5 people per acre and a median age of 35. The average household income is $69,106 which is below the national average. College graduates make up 26.8% of residents. A majority of residents in Wallace Heights are renters, with 61% of residents renting and 39% of residents owning their home. A local real estate agent serving Wallace Heights can help you decide if this neighborhood is the right one for you. Learn more on our Wallace Heights neighborhood guide.
How much do you need to make to afford a house in Wallace Heights?
The median home price in Wallace Heights is $3,500,000. If you put a 20% down payment of $700,000 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $17,420 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $747K a year to afford the median home price in Wallace Heights. The average household income in Wallace Heights is $69K.
What are the best public schools in Wallace Heights?
The best public schools that serve Wallace Heights are: