Walnut, IA
Population 1,339 · Iowa
About Walnut, IA
Walnut is a small community in Iowa with a population of 1,339 residents. The median household income is $65,278 per year, which is near the national average. The median age in Walnut is 66.6 years.
Housing in Walnut has a median home value of $97,900 and median monthly rent of $844. Of the 412 total housing units, the majority are owner-occupied, with 258 owner-occupied and 98 renter-occupied units.
The unemployment rate in Walnut is 3.4% and the poverty rate is 9.7%. 15.8% of residents hold a bachelor's degree or higher. The average commute time is 25.9 minutes.
Cost of Living in Walnut, IA
Compared to national averages, Walnut has a median household income of $65,278 (13% below the national median of $75,149). Home values average $97,900, which is 60% below the national median. Monthly rent at $844 is 27% below the US average of $1,163. Within Iowa, Walnut's income is 4% below the state average of $67,947, and home values are 26% below the state median of $132,237.
Why Live in Walnut, IA?
Walnut offers affordable housing with a median home value of $97,900, below the US average of $244,900, and rent that’s lower than the national average at $844/month, and a strong job market with an unemployment rate of just 3.4%. Additionally, the city features a low poverty rate of 9.7%, better than the national average.
Potential considerations include median household income ($65,278) that falls below the national average. However, Walnut’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walnut has a population of 1,339 with a median age of 66.6 years. Compare Walnut with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Walnut
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Alton | 1,350 | $86,136 | $204,600 | Compare |
| Dunlap | 1,318 | $54,609 | $115,600 | Compare |
| Walford | 1,318 | $116,477 | $274,500 | Compare |
| Logan | 1,362 | $79,167 | $144,400 | Compare |
| Avoca | 1,369 | $70,552 | $165,700 | Compare |
| Gilbert | 1,300 | $112,250 | $267,200 | Compare |
| Bedford | 1,389 | $57,031 | $88,900 | Compare |
| Greene | 1,390 | $54,298 | $125,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Walnut
What is the population of Walnut, IA?
The population of Walnut, IA is 1,339 according to the latest Census data.
What is the median household income in Walnut?
The median household income in Walnut, IA is $65,278 per year.
What is the median home value in Walnut?
The median home value in Walnut, IA is $97,900.
What is the average rent in Walnut?
The median monthly rent in Walnut, IA is $844.
What is the unemployment rate in Walnut?
The unemployment rate in Walnut, IA is 3.4%.