Wallace Ridge median real estate price is $74,996, which is less expensive than 86.0% of Louisiana neighborhoods and 89.7% of all U.S. neighborhoods.
The average rental price in Wallace Ridge is currently $421, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 81.6% of Louisiana neighborhoods.
Wallace Ridge is a remote neighborhood (based on population density) located in Jonesville, Louisiana.
Wallace Ridge real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Wallace Ridge neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Wallace Ridge. The current real estate vacancy rate here is 26.2%. This is higher than the rate of vacancies in 91.7% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.