Little Walnut Village, NM
Population 1,520 · New Mexico
About Little Walnut Village, NM
Little Walnut Village is a small town located in New Mexico with a population of 1,520 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,170 per year, which is 33% above the national median of $75,149. The median age of 59.5 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 Little Walnut Village features a median home value of $278,600, which is 14% above the national median of $244,900. This positions Little Walnut Village in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 813 total housing units, 90% are owner-occupied (617 units) and 10% are renter-occupied (70 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Little Walnut Village shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Little Walnut Village have an average one-way commute time of 15.7 minutes, one of the shorter commutes in the region.
Education & Demographics
24.9% of Little Walnut Village 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 16.6% White, 1.7% Hispanic or Latino, 0.9% Black or African American, and 10.6% Asian residents, with 1.4% of the population being foreign-born.
How Little Walnut Village Ranks in New Mexico
Cost of Living in Little Walnut Village, NM
Compared to national averages, Little Walnut Village has a median household income of $100,170 (33% above the national median of $75,149). Home values average $278,600, which is 14% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within New Mexico, Little Walnut Village's income is 49% above the state average of $67,435, and home values are 19% above the state median of $233,762.
Why Live in Little Walnut Village, NM?
Little Walnut Village offers a strong local economy with a median household income of $100,170, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 5.3%, better than the national average, and short commute times averaging just 15.7 minutes.
Little Walnut Village has a population of 1,520 with a median age of 59.5 years. Compare Little Walnut Village with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Little Walnut Village
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Tome | 1,525 | $84,243 | $272,400 | Compare |
| Upper Fruitland | 1,496 | $40,446 | $91,700 | Compare |
| Dixon | 1,551 | $43,148 | $362,300 | Compare |
| High Rolls | 1,463 | $81,827 | $245,600 | Compare |
| White Sands | 1,577 | $87,059 | $0 | Compare |
| Tano Road | 1,581 | $166,649 | $1,019,600 | Compare |
| Gamerco | 1,583 | $40,938 | $0 | Compare |
| Thunder Mountain | 1,456 | $44,757 | $339,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Little Walnut Village With Other Cities
Frequently Asked Questions about Little Walnut Village
What is the population of Little Walnut Village, NM?
The population of Little Walnut Village, NM is 1,520 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New Mexico.
What is the median household income in Little Walnut Village?
The median household income in Little Walnut Village, NM is $100,170 per year, which is 33% above the national median of $75,149.
What is the median home value in Little Walnut Village?
The median home value in Little Walnut Village, NM is $278,600, which is 14% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Little Walnut Village?
The median monthly rent in Little Walnut Village, NM is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Little Walnut Village?
The unemployment rate in Little Walnut Village, NM is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Little Walnut Village, NM a good place to live?
Little Walnut Village offers above-average incomes, a competitive housing market, and a strong job market. With a population of 1,520 and a median age of 59.5, the city appeals to established professionals and retirees.
How educated is Little Walnut Village, NM?
24.9% of residents in Little Walnut Village 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 Little Walnut Village?
Key cost-of-living indicators for Little Walnut Village, NM: median home value is $278,600 (14% above national), median rent is $0/month, and median household income is $100,170. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Little Walnut Village?
The poverty rate in Little Walnut Village, NM is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Little Walnut Village, NM?
Little Walnut Village's population is 16.6% White, 1.7% Hispanic or Latino, 0.9% Black or African American, 10.6% Asian, and 0.0% two or more races. 1.4% of residents are foreign-born.