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Wallace Triangle, Lafayette,IN

Neighborhood Data
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If you’re considering a move to Lafayette, IN, the Wallace Triangle neighborhood is a charming and inviting community that should definitely be on your radar. Situated in the northwest part of the city, this area offers a perfect blend of historic charm and modern convenience. Wallace Triangle is known for its beautiful tree-lined streets and a variety of architectural styles, making it a delight for those who appreciate character in their homes. Whether you’re a young professional, a growing family, or someone looking to settle down in a friendly neighborhood, Wallace Triangle provides a welcoming atmosphere with its strong sense of community and well-maintained parks.

One of the standout attractions in Wallace Triangle is the nearby Columbian Park, a lovely green space just a short stroll away. This park features walking trails, playgrounds, and even a small zoo, making it an ideal spot for weekend family outings or leisurely afternoon walks. Residents also enjoy easy access to the Lafayette Farmers Market, where fresh, local produce and handmade goods are available during the warmer months. Plus, the neighborhood’s proximity to Purdue University adds a vibrant and youthful energy to the area, with cultural events, sports games, and educational opportunities just a short drive away.

For those who value convenience, Wallace Triangle is only about three miles northwest of Downtown Lafayette, making it quick and easy to enjoy the city’s restaurants, shops, and entertainment venues. The commute is typically just a few minutes by car or bike, allowing residents to enjoy the quieter, more residential vibe of Wallace Triangle without sacrificing access to city amenities. With great schools in the area, a variety of local eateries, and community events that bring neighbors together, Wallace Triangle is a fantastic choice for anyone looking to relocate to Lafayette.

Community Snapshot

Population 298
Density (People/sqml.) 6,287
Median Age 30.5
Married Couples
33%
33% of the population of Wallace Triangle aged 16 years and older are married.
Have Kids
19%
19% of the population aged 16 years or older have children.

About 33% of the Wallace Triangle population aged 16 and older are married, which is notably lower than average. This could suggest a community with a younger, more transient population—perhaps made up of students, professionals, or renters. It may also reflect a neighborhood that attracts singles or couples without children, contributing to a more independent, urban lifestyle.

With only 19% of people over 16 having children, you can expect an easygoing environment that tends to attract residents seeking a quieter lifestyle. The atmosphere here leans more toward adult-oriented living. Without the constant rhythm of school schedules or kid-centered events, the community maintains a slower, more relaxed pace. This makes it especially appealing to singles, couples, and empty nesters who appreciate tranquil streets, and recreation on their own terms.

Age Breakdown

Wallace Triangle neighborhood age breakdown chart

Wallace Triangle demographics offer valuable insights into the character and lifestyle of the neighborhood, helping you understand who lives there and what daily life might feel like. Home to only about 298 residents, Wallace Triangle is notably smaller than many other Lafayette neighborhoods, creating a more peaceful and community-oriented atmosphere. Its lower population can translate to quieter streets, a more relaxed pace of life, and easier access to local amenities — all without sacrificing the vibrant urban lifestyle the city is known for.

Boasting a population density of 6,287, Wallace Triangle is more densely populated than many other Lafayette neighborhoods, creating a vibrant and energetic atmosphere. The higher concentration of residents contributes to a lively street scene, a strong sense of community, and convenient access to shops, restaurants, and urban amenities just steps from home.

With a lower-than-average age of 31, you're likely to find a noticeably youthful energy and vibrant atmosphere. This younger population brings a dynamic mix of activity, innovation, and community involvement, shaping a neighborhood that feels lively, forward-thinking, and full of opportunity — making it an especially appealing choice for younger adults looking for an active and engaging community.

Crime in Wallace Triangle

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Types of Crime

Wallace Triangle neighborhood age breakdown chart

Wallace Triangle Crime Map

The Wallace Triangle crime map uses detailed block group boundaries from address-based crime data to visualize crime patterns across the neighborhood, highlighting both low-crime zones and areas with higher levels of reported crime. This crime heat map helps paint a clearer picture of local safety trends, showing how crime can vary from one part of the community to another. Keep in mind that areas with higher activity on the map don’t always equate to dangerous conditions — locations near entertainment districts, major roads, or tourist destinations often see more reports simply due to the larger number of people passing through.

Housing

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Home Price $142,100
Median Rent $854
People/Household 1.8

Home Price Breakdown

Wallace Triangle neighborhood home price breakdown chart

Rent vs Own

Rent 62% Own 38%

Year Moved In

Before 2010 37% After 2010 63%

Types of Homes in the Area

Market Trends

Year-over-Year YoY data

 

Housing trends offer valuable insight into the accessibility and character of a neighborhood. In Wallace Triangle, the median home price is $142,100, which is less than many surrounding areas. This affordability makes it an attractive option for first-time buyers, young families, or anyone looking to enter the housing market without a significant financial barrier. Looking at appreciation rates and past market trends in Wallace Triangle can offer valuable insight into the neighborhood’s investment potential. Understanding how home values have changed over time helps buyers gauge future growth, assess long-term stability, and make more informed real estate decisions.

The median rent is around $854, which is on par with many comparable neighborhoods. This balanced pricing offers a mix of affordability and value, making it a practical choice for a wide range of renters.

Walkability & Lifestyle

Coffee Shops

Fuel Coffee Shop
Coffee Shop
min.
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Java Roaster
Coffee Shop
min.
min.

Entertainment

Haan Mansion Museum
Museum
min.
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Art Museum of Lafayette
Museum
min.
min.

Food & Drink

Spot Tavern
Bar
min.
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Bar Barry Liquors
Alcohol
min.
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Groceries

Smitty's Bread
Bakery
min.
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Better World Market
Grocery Store
min.
min.

Parks

Highland Park
Park
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Triangle Park
Park
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Shops

Matthews
Hairdresser
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Tricia's Dog House
Pets
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Getting Around

Transit Stops

6th St & Main St (NE Corner) - BUS350
Bus Stop
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6th St & Main St (SW Corner) - BUS358
Bus Stop
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Transit Stations

Lafayette
Transit Station
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CItyBus Center
Bus Station
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Health & Safety

Medical Facilities

CVS Pharmacy
Pharmacy
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Franciscan Health Lafayette Central
Hospital
min.
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Health Care

Yocum Eye Care
Doctor
min.
min.
The Springs at Lafayette
Nursing Home
min.
min.

Safety

Five Points Fire Station Museum
Fire Station
min.
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Lafayette Fire Station 3
Fire Station
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Top Neighborhood Schools

Name Category Grades Rating
T C Harris School At Idtc Laf
3700 Rome Dr, Lafayette, IN
High School 3 - 12 School Score
Excel Center - Lafayette
615 N 18Th St 2Nd Floor, Lafayette, IN
High School 10 - 12 School Score
St Mary Cathedral Elementary School
1200 S St, Lafayette, IN
Elementary School PK - 3 School Score
Jefferson High School
1801 S 18Th St, Lafayette, IN
High School 9 - 12 School Score
New Community School
1904 Elmwood Ave, Lafayette, IN
Elementary School M - M School Score
Murdock Elementary School
2100 Cason St, Lafayette, IN
Elementary School KG - 4 School Score
Thomas Miller Elementary School
700 S 4Th St, Lafayette, IN
Elementary School KG - 4 School Score

Education Level Achieved

School ratings in Wallace Triangle combine factors like student performance, graduation rates, and standardized test scores to provide a clear picture of overall educational quality. The use of NAEP (National Assessment of Educational Progress) scores adds valuable context by offering a consistent national benchmark to see how local schools compare on a broader scale. Additionally, understanding the overall education level achieved by residents in Wallace Triangle can give insight into the community’s priorities and opportunities, helping families make more informed decisions about where to live and how well local schools may support long-term student success.

Economy

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Income Per Capita $33,025
Household Income $37,120
Unemployment 1.4%

Income Breakdown

Wallace Triangle Income breakdown chart

Employment by Industry

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Local economic factors play a key role in shaping the character and accessibility of a neighborhood, influencing everything from lifestyle to opportunity. Household incomes in Wallace Triangle average around $37,120, which is lower than average. This affordability contributes to a more accessible lifestyle, making it an appealing choice for first-time homeowners, young families, and those looking to enjoy the benefits of the area without a high price tag.

The strength of a neighborhood’s local economy is often reflected in its employment landscape, shaping daily life and long-term stability for residents. In Wallace Triangle, the unemployment rate is just 1%, indicating a strong and resilient community with steady economic growth, active local businesses, and a high quality of life.

Frequently Asked Questions

What is the overall lifestyle like?

The lifestyle in Wallace Triangle is a charming blend of suburban calm with easy access to urban amenities. Residents enjoy a laid-back atmosphere with tree-lined streets and close-knit community vibes, yet they are just minutes away from the vibrant offerings of Lafayette. The neighborhood is perfect for those who appreciate a balance between peaceful living and convenience.

How far is Downtown?

Wallace Triangle is conveniently located about 1.5 miles from Downtown Lafayette. This close proximity allows residents to easily access popular spots like the Long Center for the Performing Arts, the Lafayette Farmers Market, and various restaurants and shops along Main Street. It's an ideal location for those who want the benefits of city life without the hustle and bustle right outside their doorstep.

Are there any notable landmarks or historical sites?

Yes, Wallace Triangle is near several notable landmarks. One key site is the Tippecanoe County Courthouse, an impressive historic building just a short drive away in downtown Lafayette. Additionally, the neighborhood itself is adjacent to the historic Wallace Park, which offers a beautiful green space and hosts community events. These sites contribute to the neighborhood’s rich historical and cultural character.

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