Wallace, California.
Typical home $554,079 (-3.4% in a year). Stockton, CA metro.
to buy the typical home at today's mortgage rate — +$1,274 (+78%) since Jan 2020.
- 1 year
- Down $19,289 -3%
- $573,368$554,079 since Sep 2025
- 5 years
- Down $30,099 -5%
- $584,178$554,079 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Wallace$2,908
- California$3,997
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Wallace, CA fell 3.4% over the past year — slower than the nation's +1.2%.
Living in Wallace, Calaveras County, California
Wallace, in Calaveras County, had 479 people in the 2020 census. Unemployment in Calaveras County was 6.3% in August 2026, and the county had 1.2% fewer jobs in 2025 than the year before. The most people in Calaveras County work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Wallace is a very small community in Calaveras County, in the foothills of the Sierra Nevada. Homes here are valued well above what many people would expect for so small a place, and none of its residents are counted as living below the poverty line. Winters are cool, with highs and lows staying above freezing even in December, and snow is rare. Summers are hot, and the year brings a modest amount of rain.
Work. Residents work mainly in schools, hospitals and social care, in the building trades, in professional and business services, and in shops. Across Calaveras County, some of the largest workplaces are Calaveras Unified, Mark Twain Medical Center and CAL Fire. Unemployment across the county is slightly lower than a year ago, though the county has fewer jobs than it did the year before.
Things to do. Camanche Reservoir is in or beside town, and Lake Amador and Jackson Creek are each a short drive away for time on the water. A longer drive brings you to California Caverns, a tourist attraction, and to Indian Grinding Rock State Historic Park, an archaeological site. The Cosumnes River is also a longer drive away.
Report a mistake
- 0%below the poverty line
What people in Calaveras County work in
Employed residents by industry, from the Census survey. Calaveras County had 10,140 jobs in 2025, 1.2% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 55° and lows near 40°; warmest in July, with highs near 95° and lows near 63°. About 23 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Camp Pardee weather station, 7 miles away (NOAA).
Largest workplaces in Calaveras County
- CAL FireCal fire664
- ACRT PacificForestry services333
- Calaveras UnifiedSchool district257FTE
- Mark Twain Medical CenterCritical access hospital219FTE
- Pride On PointDriving services214
- UPSCouriers and express delivery services113
- Calaveras County Office of Education SchoolsSchool district95FTE
- Bret Harte Union High SchoolsSchool district91FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 15 workplaces with 20 or more staff, 2,121 people in all across the county; Wallace has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- WildfireVery high
- Inland floodingVery high
- DroughtRelatively high
- Heat wavesRelatively high
- LandslidesRelatively moderate
- EarthquakesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Wallace’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Calaveras County and the Stockton, CA metro.
Wallace home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Wallace$554,079
- California$761,538
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wallace5
Zip codes with a Wallace address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Wallace — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.