Living in Walnut, Iowa
Cost of living, income, home prices, rent and demographics of Walnut · Census data 2020–2024
Walnut has 1,342 residents with a median age of 67.3. The median household income is $62,500 (17% lower than the Iowa median), the median home value is $115,900, the median rent is $874/month.
Walnut is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Walnut at a glance
- Population
- 1,342
- Median age
- 67.3State: 38.6
- Median household income
- $62,500State: $75,059
- Median home value
- $115,900State: $208,000
- Median rent
- $874/moState: $972
- Homeowners
- 72.3%
- Bachelor's degree or higher
- 14.1%
- Average commute
- 27 min
Is Walnut a good place to live?
Pros: Home values 44% lower than the state median.
Cons: Median household income 17% lower than the Iowa median; an average commute of 27 minutes; unemployment of 4.2%; a poverty rate of 12.4%.
The weather is best in May–June and August–September.
Cost of living in Walnut
Housing is the biggest part of the cost of living. In Walnut the median home value is $115,900, 65% lower than the U.S. median. Renters pay a median of $874 per month, which is 23.8% of household income. Homeowners with a mortgage pay $1,250 a month in housing costs.
Walnut median household income
The median household income in Walnut is $62,500 and the income per person is $29,692. 12.4% of residents live below the poverty line (Iowa: 11.1%).
Housing in Walnut: homes for sale and rent
- Housing units
- 386
- Owner-occupied
- 72.3%
- Renter-occupied
- 27.7%
- Vacant
- 14%Includes seasonal homes
- Median year built
- 1943
- Average household size
- 2.12
Walnut demographics
- Population
- 1,342
- Median age
- 67.3
- Under 18
- 13%
- 65 and older
- 54.2%
- Households
- 332
- Foreign-born
- 0.8%
- Veterans
- 14.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Walnut ›
Education in Walnut
14.1% of adults 25 and older in Walnut have a bachelor's degree or higher (Iowa: 31.4%), and 4.6% have a graduate or professional degree.
Jobs and commute in Walnut
- Unemployment rate
- 4.2%State: 3.6%
- Average commute
- 27 minState: 20 min
- Work from home
- 13.4%
- Drive alone
- 83.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 81.9%
Walnut vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Walnut | 1,342 | $62,500 | $115,900 | $874 |
| Avoca | 1,444 | $73,056 | $173,800 | $850 |
| Hancock | 216 | $82,083 | $98,600 | $922 |
| Elk Horn | 728 | $64,250 | $133,200 | $668 |
| Shelby | 752 | $63,654 | $162,500 | $840 |
| Kimballton | 319 | $55,417 | $107,100 | $1,069 |
| Atlantic | 6,763 | $61,141 | $149,900 | $764 |
| Harlan | 4,891 | $57,488 | $152,500 | $783 |
| Lewis | 461 | $36,691 | $49,900 | $838 |
More for people moving to Walnut
Walnut ZIP code ›Weather and climate ›Living in Walnut: FAQ
What is the median household income in Walnut, IA?
The median household income in Walnut is $62,500, 17% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Walnut?
The median home value in Walnut is $115,900, compared with $208,000 in Iowa.
How much is rent in Walnut?
The median gross rent in Walnut is $874 per month, about 23.8% of household income.
Is Walnut, IA a good place to live?
Pluses: home values 44% lower than the state median. Minuses: median household income 17% lower than the Iowa median; an average commute of 27 minutes; unemployment of 4.2%; a poverty rate of 12.4%.
What is the median age in Walnut?
The median age in Walnut is 67.3 years (Iowa: 38.6).
How long is the commute in Walnut?
The average commute to work in Walnut is 27 minutes; 13.4% of workers work from home.
What is the unemployment rate in Walnut?
The unemployment rate in Walnut is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Walnut?
14.1% of adults in Walnut have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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