Walnut Grove, MO
Population 566 · Missouri
About Walnut Grove, MO
Walnut Grove is a small community located in Missouri with a population of 566 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,357 per year, which is 40% below the national median of $75,149. The median age of 46.6 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 Walnut Grove features a median home value of $127,600, which is 48% below the national median of $244,900. This makes Walnut Grove one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $733, 37% below the national average of $1,163/month. Of the 290 total housing units, 68% are owner-occupied (192 units) and 32% are renter-occupied (92 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Walnut Grove shows an unemployment rate of 0.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.0%, above the national average of 12.4%. Workers in Walnut Grove have an average one-way commute time of 29.1 minutes.
Education & Demographics
7.1% of Walnut Grove 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 4.2% White, 0.9% Hispanic or Latino, 0.2% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Walnut Grove Ranks in Missouri
Cost of Living in Walnut Grove, MO
Compared to national averages, Walnut Grove has a median household income of $45,357 (40% below the national median of $75,149). Home values average $127,600, which is 48% below the national median. Monthly rent at $733 is 37% below the US average of $1,163. Within Missouri, Walnut Grove's income is 26% below the state average of $61,047, and home values are 15% below the state median of $150,786.
Why Live in Walnut Grove, MO?
Walnut Grove offers affordable housing with a median home value of $127,600, below the US average of $244,900, and rent that’s lower than the national average at $733/month, and a strong job market with an unemployment rate of just 0.8%.
Potential considerations include median household income ($45,357) that falls below the national average. However, Walnut Grove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walnut Grove has a population of 566 with a median age of 46.6 years. Compare Walnut Grove with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Walnut Grove
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Corder | 561 | $83,375 | $80,800 | Compare |
| Ravenwood | 571 | $56,500 | $70,000 | Compare |
| Washburn | 561 | $65,125 | $122,100 | Compare |
| Freeman | 572 | $63,750 | $148,400 | Compare |
| Green City | 560 | $35,602 | $78,100 | Compare |
| Morley | 575 | $44,583 | $59,800 | Compare |
| Bull Creek | 577 | $32,500 | $225,000 | Compare |
| Morrisville | 577 | $51,528 | $123,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Walnut Grove With Other Cities
Frequently Asked Questions about Walnut Grove
What is the population of Walnut Grove, MO?
The population of Walnut Grove, MO is 566 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Missouri.
What is the median household income in Walnut Grove?
The median household income in Walnut Grove, MO is $45,357 per year, which is 40% below the national median of $75,149.
What is the median home value in Walnut Grove?
The median home value in Walnut Grove, MO is $127,600, which is 48% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Walnut Grove?
The median monthly rent in Walnut Grove, MO is $733, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Walnut Grove?
The unemployment rate in Walnut Grove, MO is 0.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Walnut Grove, MO a good place to live?
Walnut Grove offers a moderate cost of living, affordable housing, and a strong job market. With a population of 566 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Walnut Grove, MO?
7.1% of residents in Walnut Grove 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 Walnut Grove?
Key cost-of-living indicators for Walnut Grove, MO: median home value is $127,600 (48% below national), median rent is $733/month, and median household income is $45,357. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Walnut Grove?
The poverty rate in Walnut Grove, MO is 17.0%, 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 Walnut Grove, MO?
Walnut Grove's population is 4.2% White, 0.9% Hispanic or Latino, 0.2% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.