Wallace Triangle, Lafayette, IN
Wallace Triangle — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Wallace Triangle, Lafayette, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Wallace Triangle Neighborhood Overview
Wallace Triangle is a centrally located neighborhood in Lafayette, Indiana, offering convenient access to the city's core. The area is characterized by its residential streets and proximity to major commercial corridors. Its coordinates place it near the heart of the city, providing a true urban living experience.
Lifestyle & Amenities
Residents enjoy easy access to the shops, restaurants, and services located along nearby major thoroughfares. The neighborhood's central location means many daily needs can be met within a short drive or bus ride. Its urban setting provides a practical and connected lifestyle for its community.
Real Estate Market
The Wallace Triangle real estate market is highly active, with homes selling quickly in an average of just five days. The median home value is $256,100, with a price per square foot around $169.55. The market is overwhelmingly rental-focused, with a homeownership rate of only 8% and a median monthly rent of $904.
Schools & Education
Families in Wallace Triangle are served by the Lafayette School Corporation. The neighborhood's central location provides access to a variety of educational resources within the district. Prospective residents are encouraged to contact the district for specific school assignments and program information.
Transportation & Connectivity
The neighborhood benefits from excellent connectivity via the city's main road networks, facilitating easy commutes. Public bus service through the Greater Lafayette Public Transportation Corporation (CityBus) provides essential transit options. Its walkable, grid-like street layout also supports local pedestrian travel for nearby errands.
Why Choose Wallace Triangle
Wallace Triangle is ideal for renters and investors seeking an affordable, centrally located urban neighborhood. The fast-moving market and low barrier to entry make it attractive for first-time investors or those wanting a low-maintenance lifestyle. Its core location ensures residents are never far from Lafayette's key employment, dining, and entertainment hubs.
Wallace Triangle Market Data
| Metric | Value |
|---|---|
| Median Home Price | $256K |
| Median Gross Rent | $904/mo |
| Median Household Income | $41K |
| Homeownership Rate | 7.6% |
| Renter-Occupied | 92.4% |
| Rental Vacancy Rate | 4.8% |
| Market Type | Balanced |
| Market Tier | Mid-Market |
| Primary ZIP Code | 47901 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Wallace Triangle, Lafayette
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Wallace Triangle, Lafayette, IN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15