The Town FilesWallace, Pennsylvania
Township in Chester County · population 3,711 (2020 Census)
- Median home
- $592,900
- Household income
- $182,500
- Jan low / Jul high
- 23° / 85°
- Snow a year
- 28 in
- Tornadoes ≤10 mi since 1950
- 11
- Median age
- 42.1
Wallace is a township of 3,711 people in Chester County, Pennsylvania. The median home is worth $592,900, above the typical Pennsylvania town ($214,250). It ranks better for families than 100% of Pennsylvania towns, more upscale than 97% of Pennsylvania towns, better for retirees than 86% of Pennsylvania towns.
How Wallace ranks
Percentile among Pennsylvania towns with at least 500 people on The Town Files lifestyle rankings. 50 is typical for the state; 90 means better than 90% of Pennsylvania towns.
Homes and cost of living
The median home in Wallace is worth $592,900, above the typical Pennsylvania town ($214,250). Homes cost about 3.2 times the median household income of $182,500, which is more affordable than 33% of Pennsylvania towns. Median rent is $1,509 a month. 94.3% of households own their home.
| Housing | Wallace | Typical Pennsylvania town |
|---|---|---|
| Median home value | $592,900 | $214,250 |
| Median rent | $1,509 | $996 |
| Median household income | $182,500 | $75,278 |
| Home value ÷ income | 3.2× | 2.8× |
| Homeownership | 94.3% | 81.5% |
| Median year built | 1985 | 1971 |
| Seasonal / vacation homes | 0.0% | — |
Who lives in Wallace
| People | Wallace | Typical Pennsylvania town |
|---|---|---|
| Median age | 42.1 | 44.2 |
| Age 65 and over | 19.2% | 21.1% |
| Under 18 | 26.4% | — |
| Bachelor's degree or higher | 65.0% | 23.8% |
| Below the poverty line | 1.9% | 8.5% |
| Veterans | 5.9% | — |
| Born outside the U.S. | 5.8% | — |
| Work from home | 23.8% | 10.6% |
| Average commute | 29.3 min | 25.9 min |
| Homes with broadband | 96.2% | 89.0% |
Weather in Wallace
July highs average 84.9°F and January lows 22.6°F. About 50.8 inches of rain and melted snow fall a year, with 28.4 inches of snow (typical Pennsylvania town: 31.8 in). Expect about 16 days a year at 90°F or hotter and 107 nights at or below freezing.
Tornadoes, storms and disasters
11 tornadoes have passed within 10 miles of Wallace since 1950, compared with 10 for the typical Pennsylvania town. 2 rated (E)F2 or stronger. The strongest, an EF2, struck on May 28, 2019 about 6.5 miles from the town center. The most recent was on June 16, 2023.
Hail of 1 inch or larger has been reported within 10 miles 27 times; the largest was 2.00 inches on May 28, 2019.
Severe weather in Chester County since 1996
Chester County has been included in 26 federal disaster or emergency declarations since 1953, most often for flood, drought, hurricane.
| Declared | Incident | Declaration |
|---|---|---|
| September 10, 2021 | Hurricane | DR-4618: Remnants Of Hurricane Ida |
| March 30, 2020 | Biological | DR-4506: Covid-19 Pandemic |
| March 13, 2020 | Biological | EM-3441: Covid-19 |
| March 23, 2016 | Snowstorm | DR-4267: Severe Winter Storm And Snowstorm |
| February 6, 2014 | Severe Ice Storm | EM-3367: Severe Winter Storm |
Jobs and pay in Chester County
Chester County had 251,284 jobs in 2024, paying an average of $87,886 a year. Unemployment was 2.6% in 2023; in Wallace itself the ACS puts it at 0%.
Towns near Wallace
- West Brandywine, PA3.3 mi · 7,331 people · home $379,100
- Upper Uwchlan, PA3.6 mi · 12,275 people · home $619,700
- East Brandywine, PA3.7 mi · 9,738 people · home $564,400
- Caln, PA5.7 mi · 14,432 people · home $319,200
- Thorndale, PA5.8 mi · 3,669 people · home $341,900
- Honey Brook, PA5.9 mi · 8,274 people · home $358,100
- Uwchlan, PA6.0 mi · 19,161 people · home $539,700
- Warwick, PA6.4 mi · 2,590 people · home $414,500
Wallace questions
Is Wallace, Pennsylvania a good place to retire?
On The Town Files lifestyle rankings, Wallace scores better for retirees than 86% of Pennsylvania towns and quieter than 36%. 19.2% of residents are 65 or older (median age 42.1).
How much does a house cost in Wallace?
The median owner-occupied home in Wallace is valued at $592,900 (Census ACS 2020–2024), against a median household income of $182,500, so homes cost about 3.2 times income. Median rent is $1,509 a month.
What is the weather like in Wallace?
July highs average 84.9°F and January lows 22.6°F (NOAA 1991–2020 normals). It gets about 50.8 inches of precipitation a year and 28.4 inches of snow.
Does Wallace get tornadoes?
11 tornadoes have passed within 10 miles of Wallace since 1950 (NOAA Storm Events); the strongest was an EF2 on May 28, 2019. The typical Pennsylvania town has had 10.
- U.S. Census Bureau, American Community Survey 5-year estimates (2020–2024)
- U.S. Census Bureau, 2020 Census and 2025 Gazetteer (2020 / 2025)
- NOAA NCEI U.S. Climate Normals (1991–2020)
- NOAA NCEI Storm Events Database (1950–2026)
- FEMA OpenFEMA Disaster Declarations (this product uses the FEMA OpenFEMA API but is not endorsed by FEMA) (1953–2026)
- NCES Common Core of Data (2023–24)
- BLS Quarterly Census of Employment and Wages; USDA ERS county unemployment (BLS LAUS) (2000–2024)
- The Town Files lifestyle rankings, built from federal demographic, school, crime and housing data (2025)