Walters, MN
Population 82 · Minnesota
About Walters, MN
Walters is a small community located in Minnesota with a population of 82 residents according to the latest US Census Bureau American Community Survey data. The median household income is $35,781 per year, which is 52% below the national median of $75,149. The median age of 51 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 Walters features a median home value of $52,500, which is 79% below the national median of $244,900. This makes Walters one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 48 total housing units, 81% are owner-occupied (30 units) and 19% are renter-occupied (7 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Walters shows an unemployment rate of 23.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 29.3%, above the national average of 12.4%. Workers in Walters have an average one-way commute time of 25.3 minutes.
Education & Demographics
16.7% of Walters 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 2.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 0.0% of the population being foreign-born.
How Walters Ranks in Minnesota
Cost of Living in Walters, MN
Compared to national averages, Walters has a median household income of $35,781 (52% below the national median of $75,149). Home values average $52,500, which is 79% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Walters's income is 52% below the state average of $74,221, and home values are 74% below the state median of $204,472.
Why Live in Walters, MN?
Walters offers affordable housing with a median home value of $52,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month.
Potential considerations include median household income ($35,781) that falls below the national average. However, Walters’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walters has a population of 82 with a median age of 51 years. Compare Walters with other cities to see how it stacks up, or explore all cities in Minnesota.
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Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Walters
What is the population of Walters, MN?
The population of Walters, MN is 82 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Walters?
The median household income in Walters, MN is $35,781 per year, which is 52% below the national median of $75,149.
What is the median home value in Walters?
The median home value in Walters, MN is $52,500, which is 79% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Walters?
The median monthly rent in Walters, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Walters?
The unemployment rate in Walters, MN is 23.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Walters, MN a good place to live?
Walters offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 82 and a median age of 51, the city appeals to established professionals and retirees.
How educated is Walters, MN?
16.7% of residents in Walters 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 Walters?
Key cost-of-living indicators for Walters, MN: median home value is $52,500 (79% below national), median rent is $0/month, and median household income is $35,781. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Walters?
The poverty rate in Walters, MN is 29.3%, 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 Walters, MN?
Walters's population is 2.4% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.