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Demographics
Population
Median Income
Racial Distributions
Wallace Addition in San Marcos, Texas, is characterized as a Hispanic Majority neighborhood, with 87% of its population identifying as Hispanic in 2022. This high concentration of Hispanic residents classifies it as a Low Diversity area. The neighborhood has experienced demographic shifts over the past decade, along with changes in median income. In 2022, Wallace Addition had a population of 1,191 and a median income of $56,284.
Over the past decade, Wallace Addition has undergone a transformation in its racial composition. In 2013, the neighborhood was categorized as a Majority-Minority area, with Hispanics comprising 71% of the population and whites 29%. By 2022, it had transitioned to a Hispanic Majority and Low Diversity area, with the Hispanic population increasing to 87% and the white population decreasing to 13%. This shift represents a trend towards Hispanic concentration in the neighborhood.
The median income in Wallace Addition has shown volatility over the decade. In 2013, the median income was $81,560. It has since decreased and fluctuated, settling at $56,284 in 2022. This represents a decline of about 31% in median income over the period. The sharpest decline occurred between 2014 and 2015, dropping from $77,861 to $57,023, coinciding with an increase in the Hispanic population from 63% to 70%.
The population of Wallace Addition has fluctuated over the years, reaching a low of 533 in 2017 and a high of 1,301 in 2021. The recent increase in population despite lower median incomes could indicate that the neighborhood is becoming more attractive to lower-income families.
The demographic changes in Wallace Addition reflect broader trends seen in many urban areas across Texas and the United States. The growth of the Hispanic population is consistent with statewide demographic shifts in Texas. However, the Hispanic concentration in Wallace Addition (87%) is higher than the overall Hispanic population percentage in Texas, which was around 40% in 2022. This suggests that Wallace Addition may be an ethnic enclave within San Marcos.
The declining median income in Wallace Addition contrasts with the general trend of increasing median incomes in Texas over the same period. This disparity could indicate localized economic challenges or changes in the neighborhood's socioeconomic composition that diverge from broader state trends.
Wallace Addition has transformed from a Majority-Minority area to a Hispanic Majority, Low Diversity neighborhood over the past decade. This demographic shift has been accompanied by economic changes, including a decrease in median income. These trends suggest an interplay between racial demographics, economic opportunities, and community dynamics that have reshaped the character of this San Marcos neighborhood.