Wallace, NE

View of Wallace, NE
Population
299
U.S. Census Population Estimates Program · 2025
Elevation
3,110 ft
USGS GNIS community points and 3DEP elevation · GNIS 2026-07-06; USGS 3DEP sampled 2026-07-23
Median Home Value
$107,900
U.S. Census American Community Survey 5-Year · 2024
Median Rent
$732/mo
U.S. Census American Community Survey 5-Year · 2024
Median Income
$63,125
U.S. Census American Community Survey 5-Year · 2024
General Quality
Overall rating out of 100

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About Wallace

Wallace is a quiet agricultural community in southwestern Lincoln County, offering a relaxed pace of life surrounded by scenic Nebraska farmland. Sitting at the intersection of Highways 23 and 25, the village has an easy-to-navigate layout with quiet streets, classic homes, and local churches. Daily living here is peaceful and grounded, but when you need regional healthcare, major retailers, or an evening out, North Platte is an easy 40-minute drive up the highway.

Day-to-day life revolves around Wallace Public Schools, which serves local students from kindergarten through high school in a close-knit setting with small class sizes. Neighbors stay connected through church activities, youth sports, and seasonal get-togethers like the annual Fall Festival. If you are looking for an affordable rural home with plenty of open space, friendly neighbors, and a strong sense of safety, Wallace offers a welcoming environment to settle down.

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