Walnut Hill, TN
Population 2,480 · Tennessee
About Walnut Hill, TN
Walnut Hill is a small town located in Tennessee with a population of 2,480 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,074 per year, which is 13% 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 Hill features a median home value of $172,500, which is 30% below the national median of $244,900. This positions Walnut Hill 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 894 total housing units, 96% are owner-occupied (831 units) and 4% are renter-occupied (34 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Walnut Hill shows an unemployment rate of 6.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Walnut Hill have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
30.7% of Walnut Hill 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, 2.7% 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 Walnut Hill, TN
Compared to national averages, Walnut Hill has a median household income of $65,074 (13% below the national median of $75,149). Home values average $172,500, which is 30% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Tennessee, Walnut Hill's income is 4% above the state average of $62,849, and home values are 20% below the state median of $214,371.
Why Live in Walnut Hill, TN?
Walnut Hill offers affordable housing with a median home value of $172,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 3.6%, better than the national average. Additionally, the city features short commute times averaging just 19.3 minutes.
Potential considerations include median household income ($65,074) that falls below the national average. However, Walnut Hill’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Walnut Hill has a population of 2,480 with a median age of 46.6 years. Compare Walnut Hill with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Walnut Hill
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Waynesboro | 2,483 | $45,000 | $81,400 | Compare |
| Mosheim | 2,500 | $46,523 | $134,200 | Compare |
| Maynardville | 2,501 | $47,102 | $179,700 | Compare |
| Piperton | 2,457 | $125,982 | $550,200 | Compare |
| Rural Hill | 2,453 | $84,310 | $402,100 | Compare |
| Bells | 2,531 | $54,132 | $164,000 | Compare |
| Strawberry Plains | 2,531 | $77,855 | $180,000 | Compare |
| White Pine | 2,557 | $55,000 | $196,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Walnut Hill With Other Cities
Frequently Asked Questions about Walnut Hill
What is the population of Walnut Hill, TN?
The population of Walnut Hill, TN is 2,480 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Tennessee.
What is the median household income in Walnut Hill?
The median household income in Walnut Hill, TN is $65,074 per year, which is 13% below the national median of $75,149.
What is the median home value in Walnut Hill?
The median home value in Walnut Hill, TN is $172,500, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Walnut Hill?
The median monthly rent in Walnut Hill, TN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Walnut Hill?
The unemployment rate in Walnut Hill, TN is 6.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Walnut Hill, TN a good place to live?
Walnut Hill offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,480 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Walnut Hill, TN?
30.7% of residents in Walnut Hill 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 Hill?
Key cost-of-living indicators for Walnut Hill, TN: median home value is $172,500 (30% below national), median rent is $0/month, and median household income is $65,074. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Walnut Hill?
The poverty rate in Walnut Hill, TN is 3.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Walnut Hill, TN?
Walnut Hill's population is 0.0% White, 2.7% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.