HomeIdahoShoshone CountyWallace
Wallace, Idaho: commercial real estate data.
Wallace is a Census city of 1,027 people across 0.91 square miles of land, in Shoshone County. Median household income is $51,492, 57.6 percent of occupied homes are owned, and the SBA record carries 3 7(a) approvals to borrowers here worth $1.5 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wallace
What Wallace is
- Census place typecity
- Land area0.91 sq mi
- Water area0 sq mi
- Population per square mile of land1,131 plus or minus 279
- County holding the largest share of its areaShoshone County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
How many people live in Wallace
- Population1,027 plus or minus 253
- Median age47.0
- Population under 18182 plus or minus 72
- Share under 1817.7 percent plus or minus 5.5
- Population 65 and over196 plus or minus 65
- Share 65 and over19.1 percent plus or minus 4.2
- Households417 plus or minus 99
- Family households216 plus or minus 78
- Share of households that are families51.8 percent plus or minus 14.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
Income and work in Wallace
- Median household income$51,492
- Per capita income$30,346
- Civilian labor force454 plus or minus 126
- Employed428 plus or minus 130
- Unemployed26 plus or minus 22
- Unemployment rate5.7 percent plus or minus 4.6
- Adults 25 and over801 plus or minus 186
- Adults 25 and over with a high school diploma or higher93.0 percent plus or minus 29.5
- Adults 25 and over with a bachelor degree or higher19.6 percent plus or minus 5.7
- Adults 25 and over with a graduate degree4.4 percent plus or minus 2.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
Housing in Wallace
- Housing units626
- Occupied units417 plus or minus 99
- Vacant units209 plus or minus 55
- Vacancy rate33.4 percent
- Owner occupied240 plus or minus 71
- Renter occupied177 plus or minus 68
- Ownership rate57.6 percent
- Median owner-occupied home value$232,700
- Median gross rent, monthly$727
- Annual rent as a share of median income16.9 percent
- Single family units433
- Share single family69.2 percent
- Units in buildings of two or more190 plus or minus 62
- Share in buildings of two or more30.4 percent plus or minus 8.3
- Mobile homes3 plus or minus 4
- Median year structure built1938
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
How Wallace gets to work
- Workers 16 and over who commute368 plus or minus 120
- Commuting under 15 minutes215 plus or minus 82
- Share commuting under 15 minutes58.4 percent plus or minus 11.7
- Commuting 30 minutes or more45 plus or minus 39
- Share commuting 30 minutes or more12.2 percent plus or minus 10.0
- Drove alone64.5 percent plus or minus 13.4
- Carpooled6.9 percent plus or minus 4.0
- Public transport0.0 percent
- Walked15.4 percent plus or minus 9.3
- Worked from home12.8 percent plus or minus 5.9
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
SBA loans in Wallace (7(a))
- Approvals3
- Gross approval$1,489,500
- Average approval$496,500
- Median approval$550,000
- Largest approval$904,500
- Jobs supported29
- Jobs per approval9.7
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term300 months
- Share on real estate terms of 20 years or more66.7 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS2
Counted by borrower city: approvals to borrowers whose address is in Wallace, in any county, FY2020 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wallace
Flood risk in Wallace
- NFIP communityCity of Wallace
- NFIP community number160118
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/26/08
The City of Wallace participates in the National Flood Insurance Program as community 160118 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Shoshone County, not Wallace
Shoshone County context, not Wallace figures
- Establishments in Shoshone County360
- Covered employment, Shoshone County4,834
- Average annual pay, Shoshone County$53,791
- Housing units permitted, Shoshone County46
Every figure in this section is published for Shoshone County as a whole and is not a measurement of Wallace.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Wallace questions, answered from the record.
How many people live in Wallace, Idaho?
1,027, in 417 households. Wallace city covers 0.91 square miles of land, which is 1,131 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Wallace in?
Shoshone County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Wallace?
$51,492. The median owner-occupied home is valued at $232,700. Median gross rent is $727 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Wallace businesses?
3 7(a) approvals totaling $1.5 m since FY2020, across 2 lenders, median approval $550,000. These count approvals to borrowers whose address is in Wallace, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Wallace borrowers get paid back?
No rate is published for Wallace. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Wallace in the National Flood Insurance Program?
Yes. Wallace appears in the FEMA Community Status Book as Wallace, city of, community 160118, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Wallace figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Shoshone County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Wallace.
Is zoning published for Wallace?
No. Nothing on this page presents parcel level zoning.
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