Living in Walnut Cove, North Carolina
Cost of living, income, home prices, rent and demographics of Walnut Cove · Census data 2020–2024
Walnut Cove has 2,115 residents with a median age of 40.6. The median household income is $44,815 (38% lower than the North Carolina median), the median home value is $217,300, the median rent is $674/month.
Walnut Cove at a glance
- Population
- 2,115
- Median age
- 40.6State: 39.1
- Median household income
- $44,815State: $72,388
- Median home value
- $217,300State: $288,900
- Median rent
- $674/moState: $1,228
- Homeowners
- 54.7%
- Bachelor's degree or higher
- 22.7%
- Average commute
- 27 min
Is Walnut Cove a good place to live?
Pros: Home values 25% lower than the state median; unemployment of 4.4%.
Cons: Median household income 38% lower than the North Carolina median; an average commute of 27 minutes; a poverty rate of 18.4%.
The weather is best in April–May and September–October.
Cost of living in Walnut Cove
Housing is the biggest part of the cost of living. In Walnut Cove the median home value is $217,300, 35% lower than the U.S. median. Renters pay a median of $674 per month, which is 32.1% of household income. Homeowners with a mortgage pay $1,221 a month in housing costs.
Walnut Cove median household income
The median household income in Walnut Cove is $44,815 and the income per person is $24,881. 18.4% of residents live below the poverty line (North Carolina: 13%).
Housing in Walnut Cove: homes for sale and rent
- Housing units
- 850
- Owner-occupied
- 54.7%
- Renter-occupied
- 45.3%
- Vacant
- 8%Includes seasonal homes
- Median year built
- 1976
- Average household size
- 2.58
Walnut Cove demographics
- Population
- 2,115
- Median age
- 40.6
- Under 18
- 23.4%
- 65 and older
- 18.7%
- Households
- 782
- Foreign-born
- 1.1%
- Veterans
- 2.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Walnut Cove ›
Education in Walnut Cove
22.7% of adults 25 and older in Walnut Cove have a bachelor's degree or higher (North Carolina: 35.7%), and 7.4% have a graduate or professional degree.
Jobs and commute in Walnut Cove
- Unemployment rate
- 4.4%State: 4.7%
- Average commute
- 27 minState: 25 min
- Work from home
- 3.3%
- Drive alone
- 86.3%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 79.9%
Walnut Cove vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Walnut Cove | 2,115 | $44,815 | $217,300 | $674 |
| Germanton | 1,087 | $62,108 | $237,100 | — |
| Danbury | 197 | $72,250 | $181,300 | $1,167 |
| Rural Hall | 3,466 | $51,054 | $189,600 | $967 |
| Walkertown | 5,873 | $82,615 | $236,900 | $1,379 |
| Stokesdale | 6,004 | $121,071 | $379,100 | $1,450 |
| Madison | 2,242 | $52,593 | $184,900 | $830 |
| Oak Ridge | 7,744 | $155,385 | $529,300 | $3,009 |
| King | 7,408 | $57,817 | $238,200 | $895 |
More for people moving to Walnut Cove
Walnut Cove ZIP code ›Weather and climate ›Living in Walnut Cove: FAQ
What is the median household income in Walnut Cove, NC?
The median household income in Walnut Cove is $44,815, 38% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Walnut Cove?
The median home value in Walnut Cove is $217,300, compared with $288,900 in North Carolina.
How much is rent in Walnut Cove?
The median gross rent in Walnut Cove is $674 per month, about 32.1% of household income.
Is Walnut Cove, NC a good place to live?
Pluses: home values 25% lower than the state median; unemployment of 4.4%. Minuses: median household income 38% lower than the North Carolina median; an average commute of 27 minutes; a poverty rate of 18.4%.
What is the median age in Walnut Cove?
The median age in Walnut Cove is 40.6 years (North Carolina: 39.1).
How long is the commute in Walnut Cove?
The average commute to work in Walnut Cove is 27 minutes; 3.3% of workers work from home.
What is the unemployment rate in Walnut Cove?
The unemployment rate in Walnut Cove is 4.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Walnut Cove?
22.7% of adults in Walnut Cove 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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