Wallace, North Carolina.
Typical home $215,707 (+1.6% in a year). Wilmington, NC metro.
to buy the typical home at today's mortgage rate — +$681 (+151%) since Jan 2020.
- 1 year
- Up $3,391 +2%
- $212,316$215,707 since Sep 2025
- 5 years
- Up $62,465 +41%
- $153,242$215,707 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$1,132
- North Carolina$1,743
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Wallace, NC rose 1.6% over the past year — faster than the nation's +1.2%.
Living in Wallace, Duplin County, North Carolina
Wallace is a town of 3,413 people in Duplin County. Unemployment in Duplin County was 3.3% in August 2026, and the county had 1.0% more jobs in 2025 than the year before. The most people in Duplin County work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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 small town in Duplin County, North Carolina, in the eastern part of the state. Winters are mild, with cold nights in January and only the lightest dusting of snow in a typical year. Summers are hot, and rain falls through the year in good measure. Fewer adults here hold a four-year degree than is typical across the country, and the town is small enough that most trips around it are short.
Work. Many residents work in schools, hospitals and social care, with manufacturing, the building trades and shops also employing a good share. Among the largest workplaces in Wallace are Walmart, Wallace Rehabilitation and Healthcare Center, and eGourmet Solutions, a cold storage warehousing business. Unemployment across Duplin County has eased a little over the past year, and the county has added a few more jobs. Commutes are short, and few people work from home.
Things to do. The nearest outdoor places are rivers and lakes, all a longer drive away. Singletary Lake State Park is a protected area built around Singletary Lake, and the Northeast Cape Fear River is one of the region's better-known waterways. For history, Moores Creek National Battlefield is an archaeological site, also a longer drive away.
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- 1,697households
- 12%of adults have a degree
- 18 mintypical commute
- 7%work from home
What people in Duplin County work in
Employed residents by industry, from the Census survey. Duplin County had 19,630 jobs in 2025, 1.0% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 55° and lows near 31°; warmest in July, with highs near 91° and lows near 70°. About 1 inches of snow and 57 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Wallace 1SE weather station, under a mile away (NOAA).
Largest workplaces in Wallace
- WalmartWarehouse clubs and supercenters203
- Wallace Rehabilitation and Healthcare CenterSkilled nursing facilities70
- eGourmet SolutionsCold storage warehousing24
- WallaceMail and parcel delivery22
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 4 workplaces with 20 or more staff, 319 people in all. 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
- HurricanesVery high
- Winter weatherVery high
- TornadoesRelatively high
- LightningRelatively high
- Ice stormsRelatively moderate
- Strong windRelatively 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 Duplin County and the Wilmington, NC 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$215,707
- North Carolina$332,159
- United States$366,157
Sellers are cutting prices on about 1 in 4 Wallace listings — the market is heating up.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Wallace24.62%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Wallace42
New listings per month
Sellers arriving at the market.
- Wallace10
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.