North Carolina · Census place 70720
Wallace town, NC
Quick answer
Wallace town has 3,438 residents, ranking #236 of 777 places in North Carolina. Median household income is $49,358, the median home is worth $192,800 and median gross rent runs $833 a month.
- Population
- 3,438Wallace town residents
- Median household income
- $49,358Past 12 months, inflation adjusted
- Median home value
- $192,800Owner-occupied units
- Median gross rent
- $833Rent plus utilities, monthly
- Median age
- 44.3 yrsAll residents
- Homeownership rate
- 50.4%Owner-occupied households
What the numbers mean in Wallace town
Housing cost measured against local earnings.
A household earning the Wallace town median would spend about 20.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 20.3% of residents and 50.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in North Carolina.
- River Road CDP 3,518
- Elroy CDP 3,507
- Flat Rock village 3,502
- Rural Hall town 3,421
- Windsor town 3,417
- Enochville CDP 3,392
- Red Oak town 3,372
Keep going
More North Carolina coverage.