Wallace County, Kansas: commercial real estate data.
Wallace County, Kansas had an estimated 1,472 residents on July 1, 2024, down 2.6 percent since the 2020 census base of 1,512, across 914 square miles. County output reached $146.5 m in 2024, 62 establishments operate here, and the SBA record carries 1 7(a) approvals worth $670,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wallace County
How many people live in Wallace County
- Population, American Community Survey 2020-20241,417
- Households599
- Average household size2.37
- Median household income$63,207
- Median age47.2
- Median gross rent$601 per month
- Median owner-occupied home value$105,000
- Home value to household income1.7 times
- Annual rent as a share of median income11.4 percent
- Adults 25 and over with a bachelor degree or higher24.5 percent
- Adults 25 and over with a graduate degree4.7 percent
- Adults 25 and over986
- Population under 18326
- Share under 1823.0 percent
- Population 65 and over369
- Share 65 and over26.0 percent
- Working age population, 18 to 64722
- Civilian labor force676
- Unemployment rate1.3 percent
- Labor force participation, adults 18 and over62.0 percent
- Rank by population among Kansas counties104th of 105
- Rank by population among US county-equivalents, Puerto Rico included3161st of 3,222
Wallace County is the 104th largest of 105 Kansas counties by population. A median home costs 1.7 times median household income, which is affordable by national standards. Residents 65 and over outnumber those under 18, at 26.0 percent against 23.0 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Wallace County
Is Wallace County's population growing?
- Population, July 1, 20241,472
- Census 2020 base population1,512
- Population change since the 2020 census base-2.65 percent
- Population change, 2023 to 2024-29
- Births, 202418
- Deaths, 202415
- Natural change, 20243
- Net domestic migration, 2024-30
- Net international migration, 20240
- Total net migration, 2024-30
- Cumulative net domestic migration, 2021 to 2024-53
- Rank by growth among US county-equivalents2671st of 3,144
The county has lost 2.65 percent of its population since the 2020 census base. More people left than moved in during 2024 and births over deaths did not make up the difference, so the population fell.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Wallace County
What is the Wallace County economy?
- County GDP, 2024$146.5 m
- County GDP, 2023$117.1 m
- GDP change, 2023 to 202425.1 percent
- GDP change over five years46.1 percent
- Rank by GDP among the Kansas areas BEA publishes99th of 105
- Rank by GDP among the US county areas BEA publishes2989th of 3,127
- GDP per resident$103,363
Output grew 25.1 percent in the latest year and 46.1 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Wallace County
Employment by industry in Wallace County
- Covered employment, annual average535
- Establishments reporting95
- Average annual pay$39,979
- Average weekly wage$769
- Agriculture, forestry, fishing and hunting, employment63
- Agriculture, forestry, fishing and hunting, average annual pay$48,199
- Wholesale trade, employment62
- Wholesale trade, average annual pay$70,900
- Retail trade, employment40
- Retail trade, average annual pay$21,238
- Accommodation and food services, employment24
- Accommodation and food services, average annual pay$19,586
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Agriculture, forestry, fishing and hunting | 63 | 21 | $48,199 |
| Wholesale trade | 62 | 10 | $70,900 |
| Retail trade | 40 | 7 | $21,238 |
| Accommodation and food services | 24 | 4 | $19,586 |
Agriculture, forestry, fishing and hunting is the largest private sector at 63 jobs, 11.8 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Wallace County
How many businesses are in Wallace County?
- Establishments, all industries62
- Employment at those establishments333
- Annual payroll$17.9 m
- Establishments per 1,000 residents43.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Wallace County
Building permits in Wallace County
- Housing units authorized by permit, 20240
- Declared construction value permitted$0
- Single family units authorized0
- Multifamily units authorized0
No residential units were authorized by permit in 2024. In a small county this is common and is not by itself a sign of distress, but it does mean there is no recent residential pipeline to read demand from.
US Census Bureau, Building Permits Survey, 2024 annual.
Wallace County
SBA loans in Wallace County (7(a) and 504)
- 7(a) approvals recorded1
- 7(a) gross approval dollars$670,000
- Average 7(a) approval$670,000
- Median 7(a) approval$670,000
- Largest single approval$670,000
- Jobs reported supported, 7(a)6
- Jobs per approval6.0
- Distinct 7(a) lenders active1
- Distinct industries receiving approvals1
- Median 7(a) term166 months
- Share of loans on real estate terms, 240 months or longer0.0 percent
- Loans on real estate terms0
- Loans on working capital terms, 120 months or shorter0
- Franchise loans0
- Franchise share of approvals0.0 percent
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wallace County
SBA loan default and charge-off rates in Wallace County
Do SBA loans in Wallace County get paid back?
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure1
Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Wallace County
How large is Wallace County?
- Land area914 sq mi
- Rank by land area among Kansas counties21st of 105
- Width, east to west30.7 mi
- Height, north to south30.2 mi
- Geographies sharing a boundary6
- Residents per square mile of land2
- Establishments per square mile0.07
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Wallace County
Flood risk in Wallace County
- Communities in the county in the NFIP Community Status Book1
- Of those, participating in the NFIP1
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Wallace County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Wallace County in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, 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 →
Feasibility studies
When a Wallace County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Wallace County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-20241,417
- Households599
- Average household size2.37
- Median household income$63,207
- Median age47.2
Common questions
Wallace County questions, answered from the record.
How many people live in Wallace County, Kansas?
The Census Bureau estimates 1,472 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 1,417, in 599 households, ranking 104th of 105 Kansas counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Wallace County's population growing?
The population has fallen 2.65 percent since the 2020 census base of 1,512, to 1,472 on July 1, 2024. In 2024 there were 18 births against 15 deaths, with net migration of -30. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Wallace County?
$63,207. The median owner-occupied home is valued at $105,000, which is 1.7 times income, and median gross rent is $601 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Wallace County?
62 establishments, employing 333 people with an annual payroll of $17.9 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Wallace County?
Agriculture, forestry, fishing and hunting is the largest private sector at 63 jobs, 11.8 percent of covered employment. Covered employment averages 535 jobs at an average annual pay of $39,979, or $769 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Wallace County?
1 7(a) approvals totaling $670,000 since FY2020, across 1 lenders, with a median approval of $670,000. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Wallace County?
No residential units were authorized by permit in 2024. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Wallace County?
Zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Are traffic counts available for Wallace County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Wallace County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Wallace County
Cities and places in Wallace.
3 Census places lie wholly or partly in Wallace County. All 3 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Sharon Springs | city | 817 | 1 | Wholly in this county |
| Weskan | CDP | 171 | None recorded | Wholly in this county |
| Wallace | city | 48 | None recorded | Wholly in this county |