Housing data for Wallace Township, PA
Wallace Township, PA has an estimated 3,768 residents and 1,242 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a township in Chester County.
5.7% of households rent.
The median gross rent is $1,509 a month.
Its population grew measurably since 2015–2019 (+2.5%).
Figures last updated on .
- Residents
- 3,768 (±17)
- Housing units
- 1,242 (±87)
- Households that rent
- 5.7%
- Median gross rent
- $1,509
- Residents since 2015–2019
- +2.5%
What stands out in Wallace Township
Households that rent: 5.7% (±3.8 points) in Wallace Township, lower than in Chester County (24.9%).
Median household income: $182,500 (±$25,035) in Wallace Township, higher than in Chester County ($127,208).
Homes in buildings of 5 or more units: 6.3% (±5.9 points) in Wallace Township, lower than in Chester County (14.3%).
Households that moved in since 2020: 11.6% (±5.7 points) in Wallace Township, lower than in Chester County (20.8%).
- Income and affordability in Wallace Township
- Types of homes in Wallace Township
- How long people stay in Wallace Township
Housing in Wallace Township at a glance
- Median rent: $1,509 median gross rent a month (Small sample: wide margin of error)
- Rent burden: 46.3% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 5.7% of households rent (Small sample: wide margin of error)
- Income and affordability: $182,500 median household income
- Home values: $592,900 median home value
- Homeowner costs: $2,673 median monthly cost with a mortgage
- Property taxes: $7,364 median real estate taxes a year
- Types of homes: 6.3% of homes are in buildings of 5 or more units
- Bedrooms: 95.9% of homes have 3 or more bedrooms (Small sample: wide margin of error)
- Age of homes: 42.1% of homes were built before 1980
- Vacancy rate: 29.5% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 36.9% heat with electricity
- Commute and cars: 29.3 minutes average trip to work
- Growth: +2.5% residents since 2015–2019
- How long people stay: 11.6% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
- Fair Market Rent: $2,310 Small Area FMR, 2 bedrooms (ZIP 19343)
Wallace Township against Chester County, its state and the nation
| Wallace Township | Chester County | Pennsylvania | United States | |
|---|---|---|---|---|
| Residents | 3,768 (±17) | 547,840 (exact) | 13,018,639 (exact) | 334,922,499 |
| Housing units | 1,242 (±87) | 212,491 (±225) | 5,806,452 (±672) | 143,775,355 |
| Households that rent | 5.7% (±3.8 points) | 24.9% (±0.7 points) | 30.7% (±0.2 points) | 34.8% |
| Median gross rent | $1,509 (±$789) | $1,763 (±$28) | $1,209 (±$5) | $1,413 |
| Median household income | $182,500 (±$25,035) | $127,208 (±$2,511) | $77,971 (±$342) | $80,734 |
| Median home value | $592,900 (±$37,947) | $485,600 (±$4,003) | $254,500 (±$767) | $332,700 |
| Median real estate taxes (a year) | $7,364 (±$643) | $6,308 (±$63) | $3,311 (±$12) | $3,119 |
| Built before 1980 | 42.1% (±9.9 points) | 44.9% (±1.0 points) | 67.3% (±0.2 points) | 49.7% |
| Average commute | 29.3 minutes (±2.9) | 26.9 minutes (±0.4) | 26.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 96.2% (±3.4 points) | 94.7% (±0.4 points) | 89.7% (±0.1 points) | 91.0% |
| Median age of residents | 42.1 years (±3.7) | 40.8 years (±0.2) | 40.9 years (±0.2) | 38.9 years |
Wallace Township covers 12.0 square miles of land, about 315 residents per square mile (Census Bureau Gazetteer).
How Wallace Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 3,676 (±21) | 3,768 (±17) | +2.5% | Measurable increase |
| Housing units | 1,177 (±56) | 1,242 (±87) | +5.5% | Not a measurable change |
| Median gross rent | $1,336 (±$180) | $1,509 (±$789) | +12.9% | No measurable change after inflation |
| Median home value | $438,000 (±$25,527) | $592,900 (±$37,947) | +35.4% | Up after inflation |
| Median household income | $129,938 (±$12,754) | $182,500 (±$25,035) | +40.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,720 (±$164) | $2,673 (±$262) | −1.7% | Down after inflation |
| Median real estate taxes | $6,367 (±$356) | $7,364 (±$643) | +15.7% | No measurable change after inflation |
| Households that rent | 14.1% (±5.6 points) | 5.7% (±3.8 points) | −8.4 percentage points | Measurable decrease |
| Rental vacancy rate | 5.7% (±9.7 points) | 29.5% (±36.4 points) | +23.8 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Chester County
Wallace Township has no police department of its own in the FBI’s figures, so this is the figure for Chester County as a whole.
In 2025, the police departments that report for Chester County recorded 86 violent and 579 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
ZIP codes in Wallace Township
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 19343 | 43% | 8,450 | $1,851 | $567,700 | $160,256 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Wallace Township
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| West Brandywine Township | 3.3 mi | $3,500 or more | $379,100 | 4.1% |
| East Nantmeal Township | 3.5 mi | $1,531 | $689,900 | 9.8% |
| West Nantmeal Township | 3.6 mi | $1,446 | $438,200 | 9.0% |
| Upper Uwchlan Township | 3.6 mi | $2,583 | $619,700 | 7.7% |
| East Brandywine Township | 3.7 mi | — | $564,400 | 3.2% |
| Eagleview | 5.3 mi | $2,310 | $631,300 | 54.9% |
| Elverson | 5.7 mi | $826 | $369,900 | 29.2% |
| Caln Township | 5.7 mi | $1,788 | $319,200 | 30.1% |
Places in Pennsylvania most like Wallace Township
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| London Britain Township | $1,578 | $554,600 | $194,531 | 4.3% |
| Schuylkill Township (Chester County) | $1,464 | $602,300 | $171,786 | 7.8% |
| South Coventry Township | $1,599 | $435,300 | $158,162 | 8.7% |
| Peters Township (Washington County) | $1,487 | $461,400 | $145,979 | 6.4% |
| Skippack | $1,505 | $535,200 | $167,778 | 7.4% |
| Perkiomen Township | $1,619 | $434,600 | $153,750 | 10.9% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Pennsylvania.
HUD Fair Market Rent for Wallace Township, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,438 | $1,558 | $1,860 | $2,216 | $2,445 |
HUD also publishes a Small Area Fair Market Rent for each ZIP code in the area; the Fair Market Rent page for this place lists its ZIP codes.
HUD income limits for Wallace Township, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $25,800 | $42,950 | $68,750 |
| 2 people | $29,450 | $49,100 | $78,550 |
| 3 people | $33,150 | $55,250 | $88,350 |
| 4 people | $36,800 | $61,350 | $98,150 |
| 5 people | $39,750 | $66,300 | $106,050 |
| 6 people | $44,360 | $71,200 | $113,900 |
| 7 people | $50,040 | $76,100 | $121,750 |
| 8 people | $55,720 | $81,000 | $129,600 |
These are the limits HUD sets for its housing programs in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA, where HUD’s median family income for fiscal year 2026 is $122,700.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Wallace Township
What is the median household income in Wallace Township?
The median household income in Wallace Township is $182,500 (±$25,035) a year (2020–2024 American Community Survey).
What is the average home value in Wallace Township, PA?
The Census Bureau publishes the median: $592,900 (±$37,947) for owner-occupied homes in Wallace Township (2020–2024 American Community Survey).
What is the average mortgage payment in Wallace Township?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Wallace Township, PA is $2,673 (±$262) a month, including taxes, insurance and utilities.
How much are property taxes in Wallace Township?
The median real estate tax paid by homeowners in Wallace Township, PA is $7,364 (±$643) a year (2020–2024 American Community Survey).
How many homes are in Wallace Township?
Wallace Township, PA has an estimated 1,242 (±87) housing units, occupied and vacant (2020–2024 American Community Survey).
How old are most homes in Wallace Township?
42.1% of homes in Wallace Township, PA were built before 1980 (2020–2024 American Community Survey).
Is Wallace Township growing?
In Wallace Township, the number of residents went from 3,676 in 2015–2019 to 3,768 in 2020–2024 (+2.5%), a measurable increase.
What ZIP codes are in Wallace Township?
The ZIP code that covers Wallace Township is 19343.
What is the median rent in ZIP code 19343?
The median gross rent in ZIP Code Tabulation Area 19343 is $1,851 (±$261) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Wallace township, Chester County, Pennsylvania
- HUD Fair Market Rents, fiscal year 2027: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
- HUD Small Area Fair Market Rents, fiscal year 2027
- HUD Income Limits, fiscal year 2026: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Wallace township, Chester County, Pennsylvania (county subdivision:80616, in state:42 county:029).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .