HomeNebraskaLincoln CountyWallace
Wallace, Nebraska: commercial real estate data.
Wallace is a Census village of 266 people across 0.71 square miles of land, in Lincoln County. Median household income is $63,125, 82.2 percent of occupied homes are owned, and the SBA record carries 1 7(a) approvals to borrowers here worth $250,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Wallace
What Wallace is
- Census place typevillage
- Land area0.71 sq mi
- Water area0 sq mi
- Population per square mile of land374 plus or minus 114
- County holding the largest share of its areaLincoln 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
- Population266 plus or minus 81
- Median age56.6 plus or minus 15.6
- Population under 1844 plus or minus 22
- Share under 1816.5 percent plus or minus 6.6
- Population 65 and over100 plus or minus 46
- Share 65 and over37.6 percent plus or minus 13.1
- Households118 plus or minus 33
- Family households87 plus or minus 27
- Share of households that are families73.7 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
Income and work in Wallace
- Median household income$63,125 plus or minus $13,245
- Per capita income$33,958 plus or minus $7,647
- Civilian labor force111 plus or minus 32
- Employed106 plus or minus 29
- Unemployed5 plus or minus 9
- Unemployment rate4.5 percent plus or minus 8.0
- Adults 25 and over216 plus or minus 66
- Adults 25 and over with a high school diploma or higher91.7 percent
- Adults 25 and over with a bachelor degree or higher32.4 percent plus or minus 22.2
- Adults 25 and over with a graduate degree4.6 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
Housing in Wallace
- Housing units141 plus or minus 33
- Occupied units118 plus or minus 33
- Vacant units23 plus or minus 17
- Vacancy rate16.3 percent plus or minus 11.4
- Owner occupied97 plus or minus 32
- Renter occupied21 plus or minus 13
- Ownership rate82.2 percent
- Median owner-occupied home value$107,900
- Median gross rent, monthly$732
- Annual rent as a share of median income13.9 percent plus or minus 3.2
- Single family units112 plus or minus 30
- Share single family79.4 percent
- Units in buildings of two or more19 plus or minus 22
- Share in buildings of two or more13.5 percent plus or minus 15.2
- Mobile homes10 plus or minus 8
- Median year structure built1951
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 commute98 plus or minus 26
- Commuting under 15 minutes61 plus or minus 22
- Share commuting under 15 minutes62.2 percent plus or minus 14.7
- Commuting 30 minutes or more24 plus or minus 14
- Share commuting 30 minutes or more24.5 percent plus or minus 12.6
- Drove alone81.7 percent
- Carpooled8.7 percent plus or minus 7.3
- Public transport0.0 percent
- Walked3.8 percent plus or minus 5.7
- Worked from home5.8 percent plus or minus 4.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Wallace
SBA loans in Wallace (7(a))
- Approvals1
- Gross approval$250,000
- Average approval$250,000
- Median approval$250,000
- Largest approval$250,000
- Jobs supported1
- Jobs per approval1.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders1
- Distinct industries by NAICS1
Counted by borrower city: approvals to borrowers whose address is in Wallace, in any county, FY2020 to FY2026. Only 1 loan has 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 communityVillage of Wallace
- NFIP community number310332
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date01/02/09
The Village of Wallace does not participate in the National Flood Insurance Program as community 310332 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.
Lincoln County, not Wallace
Lincoln County context, not Wallace figures
- Establishments in Lincoln County1,018
- Covered employment, Lincoln County14,738
- Average annual pay, Lincoln County$52,150
- Housing units permitted, Lincoln County45
Every figure in this section is published for Lincoln 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, Nebraska?
266, in 118 households. Wallace village covers 0.71 square miles of land, which is 374 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?
Lincoln 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?
$63,125. The median owner-occupied home is valued at $107,900. Median gross rent is $732 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?
1 7(a) approvals totaling $250,000 since FY2020, across 1 lenders, median approval $250,000. 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 1 loan has 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?
No, it is listed but not participating. Wallace appears in the FEMA Community Status Book as Wallace, village of, community 310332, 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 Lincoln 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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