 About 5.5% of families and 5.1% of the population were below the poverty line, including none of those under age 18 and 18.9% of those age 65 or over.Waleska, which is north of Atlanta and southeast of Chattanooga, Tennessee, is the home of Reinhardt University.Founded in 1883, Reinhardt offers undergraduate and graduate degrees and is affiliated with the United Methodist Church.