Median Household Income
$51,250 ± $13,039
Median Home Value
$178,000 ± $46,257
Median Gross Rent
$881 ± $198/mo
Per Capita Income
$25,823
Poverty Rate
30.4%
Unemployment Rate
8.7%
Homeownership Rate
57.5%
Bachelor's Degree or Higher
11.5%
Median Age
43.6
Average Commute
17 min
Households
1,697
Veterans
336
Population Over Time
Wallace shrank 12.5% from 2014 to 2024.
2014
3,953
2016
3,951
2018
3,922
2020
3,883
2022
3,443
2024
3,457
Population by Race & Ethnicity
White
44.3%
Hispanic or Latino
24.2%
Black or African American
27.2%
Asian
0.0%
Nearby Cities in North Carolina
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.