Walton, NE
Population 624 · Nebraska
About Walton, NE
Walton is a small community located in Nebraska with a population of 624 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,725 per year, which is 35% below the national median of $75,149. The median age of 61.3 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 $491,100, which is 101% above the national median of $244,900. This places Walton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 253 total housing units, 94% are owner-occupied (238 units) and 6% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Walton shows an unemployment rate of 1.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 1.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Walton have an average one-way commute time of 15.7 minutes, one of the shorter commutes in the region.
Education & Demographics
25.9% of Walton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Walton, NE
Compared to national averages, Walton has a median household income of $48,725 (35% below the national median of $75,149). Home values average $491,100, which is 101% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Walton's income is 26% below the state average of $65,895, and home values are 290% above the state median of $125,824.
Why Live in Walton, NE?
Walton offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 1.0%, and a low poverty rate of 1.8%, better than the national average. Additionally, the city features short commute times averaging just 15.7 minutes.
Potential considerations include median household income ($48,725) that falls below the national average, and a competitive housing market where the typical home costs $491,100. However, Walton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walton has a population of 624 with a median age of 61.3 years. Compare Walton with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Walton
What is the population of Walton, NE?
The population of Walton, NE is 624 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Walton?
The median household income in Walton, NE is $48,725 per year, which is 35% below the national median of $75,149.
What is the median home value in Walton?
The median home value in Walton, NE is $491,100, which is 101% above 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, NE is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Walton?
The unemployment rate in Walton, NE is 1.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Walton, NE a good place to live?
Walton offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 624 and a median age of 61.3, the city appeals to established professionals and retirees.
How educated is Walton, NE?
25.9% 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, NE: median home value is $491,100 (101% above national), median rent is $0/month, and median household income is $48,725. The home-value-to-income ratio is 10.1x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Walton?
The poverty rate in Walton, NE is 1.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Walton, NE?
Walton's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.6% two or more races. 0.0% of residents are foreign-born.