Population 6,664 · Census ACS 2020–24
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Population and households in Wallace Woods
Household size in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 2.44 | 2.17 | 2.59 | 2.51 | 2.68 |
| 2010–14 | 2.40 | 2.21 | 2.61 | 2.53 | 2.73 |
| 2015–19 | 2.57 | 2.27 | 2.55 | 2.52 | 2.71 |
| 2020–24 | 2.53 | 2.29 | 2.55 | 2.51 | 2.65 |
| Change | +0.09 | +0.12 | −0.04 | −0.00 | −0.03 |
Households in Wallace Woods run a little small, averaging 2.53 people against 2.65 nationally, which usually means more singles and couples and fewer children. Still, the typical household here is bigger than in Covington as a whole, where it has 2.29 people. Since 2006–10, household size has climbed from 2.44, even as the national average fell.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 33.3 | 36.3 | 37.6 | 38.5 | 37.7 |
| 2010–14 | 34.5 | 36.2 | 38.6 | 39.3 | 38.6 |
| 2015–19 | 33.9 | 35.9 | 39.4 | 40.0 | 39.6 |
| 2020–24 | 31.9 | 35.9 | 39.5 | 39.9 | 40.1 |
| Change | −1.4 | −0.3 | +1.9 | +1.5 | +2.3 |
With a median age of just 31.9, Wallace Woods is far younger than the country as a whole (40.1), a population that tilts toward young adults, many of them living alone or as couples. The median age has dropped from 33.3 in 2006–10, even as the national median rose. Residents skew youngest in the north and oldest in the south.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 16.9% | 16.9% | 11.8% | 11.7% | 12.3% |
| 2010–14 | 19.9% | 18.3% | 12.0% | 11.9% | 12.3% |
| 2015–19 | 18.5% | 16.5% | 11.6% | 11.8% | 11.6% |
| 2020–24 | 15.4% | 13.9% | 11.4% | 11.9% | 11.6% |
| Change | −1.5 pts | −3.0 pts | −0.4 pts | +0.2 pts | −0.6 pts |
Single parents head just over one in seven households in Wallace Woods (15.4%), well above the national share of 11.6%. The single-parent share is down 1.5 points from 2006–10, as it has nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Wallace Woods
Renters in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 49.1% | 56.9% | 30.9% | 30.1% | 33.3% |
| 2010–14 | 56.8% | 61.2% | 32.8% | 32.3% | 35.6% |
| 2015–19 | 57.4% | 61.7% | 33.6% | 32.8% | 36.0% |
| 2020–24 | 55.2% | 60.3% | 31.7% | 31.7% | 34.8% |
| Change | +6.1 pts | +3.4 pts | +0.8 pts | +1.5 pts | +1.5 pts |
Renters far outnumber owners in Wallace Woods: 55.2% of households rent their homes, against 34.8% nationally. Even so, renters make up a smaller share here than in Covington overall (60.3%). Just over four in ten owners (42.2%) have paid off their mortgages, about the same as nationally. The renter share is up 6.1 points from 2006–10, a much bigger shift than nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 18.0% | 19.4% | 10.9% | 12.2% | 11.4% |
| 2010–14 | 17.2% | 19.5% | 10.7% | 11.9% | 11.4% |
| 2015–19 | 15.6% | 15.8% | 9.0% | 12.3% | 11.1% |
| 2020–24 | 14.9% | 16.5% | 7.2% | 10.6% | 9.6% |
| Change | −3.1 pts | −2.9 pts | −3.7 pts | −1.6 pts | −1.8 pts |
Vacancy is high in Wallace Woods: 14.9% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand. Locally, though, the rate is lower than in Covington as a whole (16.5%).
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 1938 | 1942 | 1973 | 1977 | 1974 |
| 2010–14 | 1938 | 1942 | 1973 | 1979 | 1975 |
| 2015–19 | 1938 | 1945 | 1974 | 1980 | 1977 |
| 2020–24 | 1938 | 1947 | 1977 | 1982 | 1980 |
| Change | +0 | +5 | +4 | +5 | +6 |
The housing in Wallace Woods is old by national standards: the median home dates to 1938, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | $639 | $605 | $826 | $657 | $965 |
| 2010–14 | $718 | $666 | $888 | $728 | $1,040 |
| 2015–19 | $752 | $719 | $987 | $814 | $1,213 |
| 2020–24 | $1,136 | $1,091 | $1,263 | $1,024 | $1,571 |
| Change | +$497 | +$486 | +$437 | +$367 | +$606 |
Rent in Wallace Woods runs $1,136 a month at the median, utilities included, well below the U.S. median of $1,571. Rents are up $497 a month from 2006–10, a 78% jump, faster than rents rose nationally. Rent takes 29.8% of the typical renter's income, just under the 30% mark often used to define affordable rent. The priciest rents are in the southwest; the most affordable are in the center.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Wallace Woods
Bachelor's degrees in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 15.1% | 17.7% | 29.2% | 21.3% | 28.4% |
| 2010–14 | 16.7% | 18.7% | 30.8% | 22.5% | 29.6% |
| 2015–19 | 21.5% | 25.5% | 34.1% | 24.5% | 32.1% |
| 2020–24 | 24.3% | 33.0% | 37.0% | 27.6% | 35.6% |
| Change | +9.1 pts | +15.3 pts | +7.8 pts | +6.2 pts | +7.2 pts |
College degrees are relatively uncommon in Wallace Woods: 24.3% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%. The share with a degree is up 9.1 points from 2006–10, in line with the national trend. College graduates are most concentrated in the southeast and least in the north.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 80.7% | 77.1% | 87.7% | 81.7% | 84.9% |
| 2010–14 | 81.1% | 78.3% | 89.3% | 83.9% | 86.1% |
| 2015–19 | 82.0% | 82.1% | 91.1% | 86.4% | 87.7% |
| 2020–24 | 83.2% | 84.2% | 92.4% | 88.8% | 89.3% |
| Change | +2.5 pts | +7.0 pts | +4.7 pts | +7.2 pts | +4.3 pts |
About one in six adults in Wallace Woods never finished high school, well above the national share: only 83.2% have a diploma or equivalent, against 89.3% nationally. The picture is much the same across Covington. The share with a diploma is up 2.5 points from 2006–10, mirroring the country.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Wallace Woods
| Period | Wallace Woods | Covington | Cincinnati area | Kentucky | U.S. |
|---|---|---|---|---|---|
| 2006–10 | 9.8% | 8.6% | 7.5% | 8.4% | 8.1% |
| 2010–14 | 15.7% | 16.0% | 8.6% | 9.5% | 9.4% |
| 2015–19 | 11.4% | 10.3% | 4.7% | 5.8% | 5.6% |
| 2020–24 | 8.2% | 6.2% | 4.5% | 5.1% | 5.4% |
| Change | −1.6 pts | −2.4 pts | −3.0 pts | −3.3 pts | −2.7 pts |
Unemployment in Wallace Woods runs well above the national rate: 8.2% of the labor force was out of work and looking, against 5.4%. Unemployment is down 1.6 points from 2006–10, as it has nationally. Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Wallace Woods compared with nearby neighborhoods
| Neighborhood | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Wallace Woods | 2.53 | 31.9 | 15.4% | 55.2% | 14.9% | 1938 | $1,136 | 24.3% | 83.2% | 8.2% |
| Central Business District | 1.50 | 32.0 | 6.2% | 86.5% | 12.1% | 1976 | $1,890 | 60.3% | 95.3% | 2.1% |
| Over-the-Rhine | 1.89 | 36.2 | 11.0% | 70.0% | 21.4% | 1945 | $1,290 | 53.3% | 90.9% | 4.9% |
| West End | 2.11 | 29.5 | 32.1% | 87.0% | 19.6% | 1965 | $843 | 23.4% | 84.4% | 10.0% |
| Mount Auburn | 1.83 | 34.9 | 5.2% | 66.3% | 15.5% | 1960 | $1,327 | 49.6% | 92.0% | 9.4% |
| Walnut Hills | 1.72 | 38.7 | 4.4% | 72.3% | 17.7% | 1947 | $1,054 | 46.8% | 84.7% | 2.4% |
| East Price Hill | 2.73 | 34.3 | 18.3% | 59.6% | 15.2% | 1948 | $957 | 20.9% | 80.2% | 10.5% |
| Cuf | 2.10 | 21.9 | 2.4% | 85.1% | 16.5% | 1959 | $1,185 | 42.9% | 92.6% | 7.3% |
| Corryville | 2.07 | 23.4 | 2.5% | 92.5% | 13.1% | 1989 | $1,314 | 35.5% | 89.2% | 7.3% |
| South Fairmount | 2.36 | 34.2 | 23.4% | 58.2% | 13.0% | 1944 | $941 | 13.7% | 88.4% | 9.3% |
| Avondale | 2.33 | 32.0 | 29.7% | 74.4% | 19.7% | 1945 | $911 | 19.9% | 87.8% | 15.9% |
All figures 2020–24.
Neighborhoods with similar populations: Trestle Glen, Oakland, CA · Grider, Buffalo, NY · Hamlin Park, Buffalo, NY · Jacksonville Farms-Terrace, Jacksonville, FL · Kendrick, Waco, TX · Leschi, Seattle, WA · Lower Beaver, Des Moines, IA · Matthews Beach, Seattle, WA · Balboa, Spokane, WA · Mount Lookout, Cincinnati, OH
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Wallace Woods. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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