Wallace, FL population, income and ZIP codes

Wallace CDP is a small town in Florida, with 3,965 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #534 of 955 ranked by population — larger than 44% of them. The median age here is 35.9 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Wallace CDP earn a median of $115,216 a year, 46.7% above the national figure of $78,538 and 68% above the $68,617 median for the 775 Florida cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 7.1% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Wallace CDP is valued at $377,600, 24.5% above the national figure and 24% above the $305,300 peer median, while median gross rent runs $1,394 a month, essentially level with the national figure, or roughly $16,728 across a full year. A household on the local median income would put about 14.5% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.3×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 93.9% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.