Wallace, WV
Population 251 · West Virginia
About Wallace, WV
Wallace is a small community in West Virginia with a population of 251 residents. The median household income is $0 per year, which is below the national average. The median age in Wallace is 60.6 years.
Housing in Wallace has a median home value of $58,100 and median monthly rent of $0. Of the 143 total housing units, the majority are owner-occupied, with 101 owner-occupied and 6 renter-occupied units.
The unemployment rate in Wallace is 0.0% and the poverty rate is 21.1%. 5.2% of residents hold a bachelor's degree or higher. The average commute time is 56.3 minutes.
How Wallace Ranks in West Virginia
Cost of Living in Wallace, WV
Compared to national averages, Wallace has a median household income of $0 (100% below the national median of $75,149). Home values average $58,100, which is 76% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within West Virginia, Wallace's income is 100% below the state average of $54,014, and home values are 55% below the state median of $128,301.
Why Live in Wallace, WV?
Wallace offers affordable housing with a median home value of $58,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($0) that falls below the national average. However, Wallace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Wallace has a population of 251 with a median age of 60.6 years. Compare Wallace with other cities to see how it stacks up, or explore all cities in West Virginia.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Wallace
What is the population of Wallace, WV?
The population of Wallace, WV is 251 according to the latest Census data.
What is the median household income in Wallace?
The median household income in Wallace, WV is $0 per year.
What is the median home value in Wallace?
The median home value in Wallace, WV is $58,100.
What is the average rent in Wallace?
The median monthly rent in Wallace, WV is $0.
What is the unemployment rate in Wallace?
The unemployment rate in Wallace, WV is 0.0%.