Wallace

Population: 272
Median household income: $55,625
Median home value: $101,500

Located in Lincoln County, Nebraska, Wallace is a community with a population of 272. The median household income of $55,625 is below the Lincoln County median ($64,342).

From 2019 to 2023, Wallace's population held roughly steady from 274 to 272, while its median home value rose 20.3% from $84,400 to $101,500.

The typical home was built around 1954. 3.3% of residents live below the poverty line.

Demographics

ACS 2019–2023

Population: 272
Median age: 53.5 yrs
Median household income: $55,625
Median home value: $101,500
Median gross rent: $725
Housing units: 144
Homeownership rate: 79.1%
Bachelor's degree or higher: 32.9%
Unemployment rate: 0.0%

Trends

ACS 5-year · 2019–2023

Population

274272

Median household income

$52,083$55,625

Median home value

$84,400$101,500

Median gross rent

$750$725

Year	Population	Median household income	Median home value	Median gross rent
2019	274	$52,083	$84,400	$750
2020	279	$53,750	$85,700	$750
2021	275	$46,250	$88,800	$700
2022	287	$60,781	$105,800	$683
2023	272	$55,625	$101,500	$725

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

Age distribution

Under 55.5%

5 to 1710.7%

18 to 242.2%

25 to 349.2%

35 to 4415.8%

45 to 547.7%

55 to 6411.0%

65 to 7433.1%

75 and over4.8%

	Count	Share
Under 5	15	5.5%
5 to 17	29	10.7%
18 to 24	6	2.2%
25 to 34	25	9.2%
35 to 44	43	15.8%
45 to 54	21	7.7%
55 to 64	30	11.0%
65 to 74	90	33.1%
75 and over	13	4.8%

Race & ethnicity

	Count	Share
White (non-Hispanic)	233	85.7%
Black or African American	0	0.0%
American Indian & Alaska Native	0	0.0%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	2	0.7%
Hispanic or Latino (any race)	37	13.6%

Educational attainment (age 25+)

No high school diploma10.8%

High school graduate31.1%

Some college or associate's25.2%

Bachelor's degree27.5%

Graduate or professional degree5.4%

	Count	Share
No high school diploma	24	10.8%
High school graduate	69	31.1%
Some college or associate's	56	25.2%
Bachelor's degree	61	27.5%
Graduate or professional degree	12	5.4%

Commute to work

Mean travel time to work: 12 min

Drove alone87.2%

Carpooled5.5%

Public transit0.0%

Walked3.7%

Bicycle0.0%

Worked from home2.8%

Other means0.9%

How workers get to work

	Count	Share
Drove alone	95	87.2%
Carpooled	6	5.5%
Public transit	0	0.0%
Walked	4	3.7%
Bicycle	0	0.0%
Worked from home	3	2.8%
Other means	1	0.9%

Travel time

	Count	Share
Under 15 min	75	70.8%
15 to 29 min	13	12.3%
30 to 44 min	7	6.6%
45 to 59 min	9	8.5%
60+ min	2	1.9%

Households

Average household size: 2.37
Poverty rate: 3.3% (9 of 272)

	Count	Share
Family households	85	73.9%
Nonfamily households	30	26.1%

Housing

Median year structure built: 1954

Occupancy

	Count	Share
Occupied	115	79.9%
Vacant	29	20.1%

Tenure (of occupied units)

	Count	Share
Owner-occupied	91	79.1%
Renter-occupied	24	20.9%

1-unit, detached86.1%

1-unit, attached0.0%

2 to 4 units2.1%

5 to 19 units4.9%

20 or more units0.0%

Mobile home & other6.9%

Units in structure

	Count	Share
1-unit, detached	124	86.1%
1-unit, attached	0	0.0%
2 to 4 units	3	2.1%
5 to 19 units	7	4.9%
20 or more units	0	0.0%
Mobile home & other	10	6.9%

Geography

Place GEOID: 3151175
Type (LSAD): 47
Land area: 0.71 sq mi
Water area: 0 sq mi
Center point: 40.8376, -101.1645