Wallace

Population: 1,127
Median household income: $50,526
Median home value: $219,200

Wallace is a community in Shoshone County, Idaho, home to 1,127 residents. The median household income of $50,526 is in line with the Shoshone County median ($49,975).

From 2019 to 2023, Wallace's population grew 19.1% from 946 to 1,127, while its median home value rose 84.2% from $119,000 to $219,200.

Households average 2.60 people. The median gross rent is $731.

Demographics

ACS 2019–2023

Population: 1,127
Median age: 40.7 yrs
Median household income: $50,526
Median home value: $219,200
Median gross rent: $731
Housing units: 647
Homeownership rate: 52.6%
Bachelor's degree or higher: 18.7%
Unemployment rate: 5.6%

Trends

ACS 5-year · 2019–2023

Population

9461,127

Median household income

$36,000$50,526

Median home value

$119,000$219,200

Median gross rent

$701$731

Year	Population	Median household income	Median home value	Median gross rent
2019	946	$36,000	$119,000	$701
2020	1,076	$45,735	$104,300	$547
2021	1,062	$46,250	$120,100	$651
2022	1,083	$49,052	$162,900	$726
2023	1,127	$50,526	$219,200	$731

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

Age distribution

Under 58.7%

5 to 1714.0%

18 to 245.8%

25 to 3410.0%

35 to 4418.6%

45 to 5412.2%

55 to 6415.0%

65 to 7412.1%

75 and over3.5%

	Count	Share
Under 5	98	8.7%
5 to 17	158	14.0%
18 to 24	65	5.8%
25 to 34	113	10.0%
35 to 44	210	18.6%
45 to 54	138	12.2%
55 to 64	169	15.0%
65 to 74	136	12.1%
75 and over	40	3.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,028	91.2%
Black or African American	8	0.7%
American Indian & Alaska Native	1	0.1%
Asian	6	0.5%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	2	0.2%
Two or more races	14	1.2%
Hispanic or Latino (any race)	68	6.0%

Educational attainment (age 25+)

No high school diploma6.8%

High school graduate33.1%

Some college or associate's41.3%

Bachelor's degree14.4%

Graduate or professional degree4.3%

	Count	Share
No high school diploma	55	6.8%
High school graduate	267	33.1%
Some college or associate's	333	41.3%
Bachelor's degree	116	14.4%
Graduate or professional degree	35	4.3%

Commute to work

Mean travel time to work: 19 min

Drove alone68.3%

Carpooled7.9%

Public transit0.0%

Walked8.6%

Bicycle0.0%

Worked from home14.1%

Other means1.1%

How workers get to work

	Count	Share
Drove alone	310	68.3%
Carpooled	36	7.9%
Public transit	0	0.0%
Walked	39	8.6%
Bicycle	0	0.0%
Worked from home	64	14.1%
Other means	5	1.1%

Travel time

	Count	Share
Under 15 min	229	58.7%
15 to 29 min	92	23.6%
30 to 44 min	44	11.3%
45 to 59 min	11	2.8%
60+ min	14	3.6%

Households

Average household size: 2.60
Poverty rate: 20.2% (221 of 1,096)

	Count	Share
Family households	218	51.7%
Nonfamily households	204	48.3%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	422	65.2%
Vacant	225	34.8%

Tenure (of occupied units)

	Count	Share
Owner-occupied	222	52.6%
Renter-occupied	200	47.4%

1-unit, detached67.5%

1-unit, attached0.0%

2 to 4 units15.8%

5 to 19 units11.6%

20 or more units5.1%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	437	67.5%
1-unit, attached	0	0.0%
2 to 4 units	102	15.8%
5 to 19 units	75	11.6%
20 or more units	33	5.1%
Mobile home & other	0	0.0%

Geography

Place GEOID: 1684790
Type (LSAD): 25
Land area: 0.91 sq mi
Water area: 0 sq mi
Center point: 47.4736, -115.9225