Walton, IN
Population 734 · Indiana
About Walton, IN
Walton is a small community located in Indiana with a population of 734 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,176 per year, which is 39% below the national median of $75,149. The median age of 52.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Walton features a median home value of $89,200, which is 64% below the national median of $244,900. This makes Walton one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $630, 46% below the national average of $1,163/month. Of the 384 total housing units, 73% are owner-occupied (268 units) and 27% are renter-occupied (100 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Walton shows an unemployment rate of 4.7%, which is near the national rate of 3.7%. The poverty rate stands at 18.0%, above the national average of 12.4%. Workers in Walton have an average one-way commute time of 20.8 minutes.
Education & Demographics
9.6% of Walton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 7.4% White, 0.0% Hispanic or Latino, 0.7% Black or African American, and 6.9% Asian residents, with 9.8% of the population being foreign-born.
How Walton Ranks in Indiana
Cost of Living in Walton, IN
Compared to national averages, Walton has a median household income of $46,176 (39% below the national median of $75,149). Home values average $89,200, which is 64% below the national median. Monthly rent at $630 is 46% below the US average of $1,163. Within Indiana, Walton's income is 33% below the state average of $69,330, and home values are 45% below the state median of $163,409.
Why Live in Walton, IN?
Walton offers affordable housing with a median home value of $89,200, below the US average of $244,900, and rent that’s lower than the national average at $630/month, and short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($46,176) that falls below the national average. However, Walton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walton has a population of 734 with a median age of 52.3 years. Compare Walton with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Walton
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Browns Crossing | 731 | $155,467 | $0 | Compare |
| Dugger | 731 | $58,585 | $79,400 | Compare |
| Waldron | 729 | $88,333 | $114,700 | Compare |
| Pleasant View Village | 741 | $94,395 | $192,100 | Compare |
| Mount Summit | 742 | $0 | $211,000 | Compare |
| Lake Eliza | 725 | $85,286 | $168,000 | Compare |
| Oaktown | 724 | $30,417 | $67,700 | Compare |
| Oldenburg | 746 | $77,692 | $254,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Walton With Other Cities
Frequently Asked Questions about Walton
What is the population of Walton, IN?
The population of Walton, IN is 734 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Walton?
The median household income in Walton, IN is $46,176 per year, which is 39% below the national median of $75,149.
What is the median home value in Walton?
The median home value in Walton, IN is $89,200, which is 64% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Walton?
The median monthly rent in Walton, IN is $630, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Walton?
The unemployment rate in Walton, IN is 4.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Walton, IN a good place to live?
Walton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 734 and a median age of 52.3, the city appeals to established professionals and retirees.
How educated is Walton, IN?
9.6% of residents in Walton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Walton?
Key cost-of-living indicators for Walton, IN: median home value is $89,200 (64% below national), median rent is $630/month, and median household income is $46,176. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Walton?
The poverty rate in Walton, IN is 18.0%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Walton, IN?
Walton's population is 7.4% White, 0.0% Hispanic or Latino, 0.7% Black or African American, 6.9% Asian, and 0.0% two or more races. 9.8% of residents are foreign-born.