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Wallace, NE

Full City Profile · Nebraska · Hayes County County

3.4 /5.0
B Good
272 Population 383/sq mi density
$55,625 Median Income $33,260 per capita
$101,500 Home Value $119,771 Zillow
$725 Median Rent 35.8% income on rent
49°F Avg Temperature 308 sunny days/yr
335 Violent Crime/100K 4,169 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$55,625 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$101,500 home value, $725/mo rent
F
Safety
1.0 / 5.0
335 violent crimes/100K
B+
Education
3.6 / 5.0
32.9% bachelor's degree or higher

Housing Overview

Median Home Value
$101,500
64% below
US avg: $281,900
Median Rent
$725/mo
38% below
US avg: $1,163/mo
Homeownership Rate
79.1%
21% above US avg (65.4%)
Total Housing Units
144
Median year built: 1956

Home Value by Source

Census Median
$101,500
Zillow (ZHVI)
$119,771
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

79.1%
Owner-Occupied
20.9%
Renter-Occupied
79%
21%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$706/mo
1 Bedroom
$791/mo
2 Bedroom
$1,001/mo
3 Bedroom
$1,274/mo
4 Bedroom
$1,409/mo
Census median rent: $725/mo

Affordability & Housing Stock

Rent Burden
35.8%
of renters spending 30%+ of income on housing
15% above US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
79.1%

Complete Housing Data

Home Values

Census Median Value$101,500
Zillow Home Value (ZHVI)$119,771

Rent

Census Median Rent$725
FMR Studio$706
FMR 1-Bedroom$791
FMR 2-Bedroom$1,001
FMR 3-Bedroom$1,274
FMR 4-Bedroom$1,409

Market

Ownership & Stock

Owner-Occupied79.1%
Renter-Occupied20.9%
Homeownership Rate79.1%
Total Housing Units144
Median Year Built1956
Rent Burden35.8%