Wallace

Population: 3,965
Median household income: $115,216
Median home value: $377,600

Wallace is a community in Santa Rosa County, Florida, home to 3,965 residents. The median household income of $115,216 is above the Santa Rosa County median ($88,968).

From 2019 to 2023, Wallace's population grew 60.7% from 2,467 to 3,965, while its median home value rose 28.9% from $292,900 to $377,600.

The median resident is 35.9 years old. The largest age group is 5 to 17, 17.5% of residents.

Demographics

ACS 2019–2023

Population: 3,965
Median age: 35.9 yrs
Median household income: $115,216
Median home value: $377,600
Median gross rent: $1,394
Housing units: 1,353
Homeownership rate: 93.9%
Bachelor's degree or higher: 48.6%
Unemployment rate: 0.1%

Trends

ACS 5-year · 2019–2023

Population

2,4673,965

Median household income

$90,139$115,216

Median home value

$292,900$377,600

Year	Population	Median household income	Median home value	Median gross rent
2019	2,467	$90,139	$292,900	—
2020	2,631	$82,149	$289,400	—
2021	2,997	$86,220	$320,400	—
2022	3,652	$113,221	$384,500	—
2023	3,965	$115,216	$377,600	$1,394

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 511.0%

5 to 1717.5%

18 to 245.3%

25 to 3415.6%

35 to 4411.3%

45 to 547.8%

55 to 6412.6%

65 to 7412.5%

75 and over6.4%

	Count	Share
Under 5	435	11.0%
5 to 17	693	17.5%
18 to 24	211	5.3%
25 to 34	620	15.6%
35 to 44	447	11.3%
45 to 54	311	7.8%
55 to 64	500	12.6%
65 to 74	496	12.5%
75 and over	252	6.4%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,849	71.9%
Black or African American	90	2.3%
American Indian & Alaska Native	3	0.1%
Asian	285	7.2%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	32	0.8%
Two or more races	646	16.3%
Hispanic or Latino (any race)	60	1.5%

Educational attainment (age 25+)

No high school diploma0.3%

High school graduate19.8%

Some college or associate's31.3%

Bachelor's degree33.8%

Graduate or professional degree14.8%

	Count	Share
No high school diploma	9	0.3%
High school graduate	520	19.8%
Some college or associate's	821	31.3%
Bachelor's degree	887	33.8%
Graduate or professional degree	389	14.8%

Commute to work

Mean travel time to work: 42 min

Drove alone80.8%

Carpooled4.1%

Public transit0.0%

Walked0.8%

Bicycle0.0%

Worked from home12.2%

Other means2.2%

How workers get to work

	Count	Share
Drove alone	1,369	80.8%
Carpooled	70	4.1%
Public transit	0	0.0%
Walked	13	0.8%
Bicycle	0	0.0%
Worked from home	206	12.2%
Other means	37	2.2%

Travel time

	Count	Share
Under 15 min	79	5.3%
15 to 29 min	473	31.8%
30 to 44 min	379	25.5%
45 to 59 min	322	21.6%
60+ min	236	15.8%

Households

Average household size: 2.92
Poverty rate: 7.1% (283 of 3,965)

	Count	Share
Family households	1,097	81.1%
Nonfamily households	256	18.9%

Housing

Median year structure built: 2011

Occupancy

	Count	Share
Occupied	1,353	100.0%
Vacant	0	0.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	1,271	93.9%
Renter-occupied	82	6.1%

1-unit, detached98.0%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units0.0%

20 or more units2.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,326	98.0%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	0	0.0%
20 or more units	27	2.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1274975
Type (LSAD): 57
Land area: 12 sq mi
Water area: 0.04 sq mi
Center point: 30.6733, -87.1958