Wallaceton, PA
Population 245 · Pennsylvania
About Wallaceton, PA
Wallaceton is a small community located in Pennsylvania with a population of 245 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,875 per year, which is 18% below the national median of $75,149. The median age of 47.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Wallaceton features a median home value of $88,000, which is 64% below the national median of $244,900. This makes Wallaceton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $950, 18% below the national average of $1,163/month. Of the 107 total housing units, 85% are owner-occupied (84 units) and 15% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Wallaceton shows an unemployment rate of 8.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.1%, above the national average of 12.4%. Workers in Wallaceton have an average one-way commute time of 31.5 minutes.
Education & Demographics
10.3% of Wallaceton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Wallaceton, PA
Compared to national averages, Wallaceton has a median household income of $61,875 (18% below the national median of $75,149). Home values average $88,000, which is 64% below the national median. Monthly rent at $950 is 18% below the US average of $1,163. Within Pennsylvania, Wallaceton's income is 16% below the state average of $73,376, and home values are 54% below the state median of $190,903.
Why Live in Wallaceton, PA?
Wallaceton offers affordable housing with a median home value of $88,000, below the US average of $244,900, and rent that’s lower than the national average at $950/month.
Potential considerations include median household income ($61,875) that falls below the national average. However, Wallaceton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wallaceton has a population of 245 with a median age of 47.6 years. Compare Wallaceton with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Wallaceton
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Aaronsburg CDP (Washington County), Pennsylvania | 246 | $0 | $0 | Compare |
| Arona | 246 | $96,250 | $123,100 | Compare |
| Markleysburg | 246 | $79,688 | $126,000 | Compare |
| Mount Gretna Heights | 246 | $115,625 | $362,000 | Compare |
| Chewton | 243 | $50,625 | $162,500 | Compare |
| Sylvania | 243 | $58,125 | $139,400 | Compare |
| Wellsville | 247 | $88,750 | $208,000 | Compare |
| Newton Hamilton | 248 | $69,583 | $67,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Wallaceton With Other Cities
Frequently Asked Questions about Wallaceton
What is the population of Wallaceton, PA?
The population of Wallaceton, PA is 245 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Wallaceton?
The median household income in Wallaceton, PA is $61,875 per year, which is 18% below the national median of $75,149.
What is the median home value in Wallaceton?
The median home value in Wallaceton, PA is $88,000, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Wallaceton?
The median monthly rent in Wallaceton, PA is $950, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Wallaceton?
The unemployment rate in Wallaceton, PA is 8.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Wallaceton, PA a good place to live?
Wallaceton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 245 and a median age of 47.6, the city appeals to established professionals and retirees.
How educated is Wallaceton, PA?
10.3% of residents in Wallaceton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Wallaceton?
Key cost-of-living indicators for Wallaceton, PA: median home value is $88,000 (64% below national), median rent is $950/month, and median household income is $61,875. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Wallaceton?
The poverty rate in Wallaceton, PA is 15.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Wallaceton, PA?
Wallaceton's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 3.3% two or more races. 0.0% of residents are foreign-born.