Walnut, IA

Full City Profile · Iowa · Shelby County County

3.8 /5.0
B+ Good
1,339 Population 609/sq mi density
$65,278 Median Income $29,902 per capita
$97,900 Home Value $208,461 Zillow
$844 Median Rent 23.2% income on rent
49°F Avg Temperature
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$65,278 median income, 3.4% unemployment
A+
Affordability
5.0 / 5.0
$97,900 home value, $844/mo rent
C
Education
2.3 / 5.0
15.8% bachelor's degree or higher

Walnut, IA

At a Glance

Median Income
$65,278
13% below
$29,902 per capita
Home Value
$97,900
65% below
Zillow: $208,461
Median Rent
$844/mo
27% below
23.2% of income on rent
Bachelor's Degree+
15.8%
53% below
88.6% high school+
Unemployment
3.4%
6% below
5.0% poverty rate
Obesity Rate
38.8%
21% above
18.0% smoking rate
Avg Temperature
49°F

How Walnut Compares to the U.S. Average

Each bar shows Walnut's value as a percentage of the national average (100% = U.S. avg)

Income
87%
Home Value
35%
Rent
73%
Poverty
40%
Bachelor's
47%
Unemployment
94%
Thin vertical line = U.S. national average (100%)

Is Walnut a Good Place to Live?

B+
3.8 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Walnut residents earn a median household income of $65,278 , which is 13% below the national average of $75,149. Per capita income is $29,902. The unemployment rate stands at 3.4% (6% below the U.S. rate of 3.6%). 5.0% of residents live below the poverty line. The area is home to 444 business establishments, including 26 restaurants.

Housing & Cost of Living

The median home value in Walnut is $97,900 , 65% below the national median of $281,900. Zillow estimates the typical home at $208,461. Median rent is $844/month, with 23.2% of renters spending more than 30% of income on housing. The cost of living index is 87.8 (100 = national average). The median home was built in 1940.

Education

15.8% of adults in Walnut hold a bachelor's degree or higher (53% below the national average). 88.6% have completed high school. Local schools score 6.4/10 in standardized testing.

Climate & Weather

Walnut has an average annual temperature of 49°F (10°C). Winters average 21°F in January while summers reach 75°F in July. Annual precipitation totals 37.1 inches.

Data Overview

People

Population1,339
Median Age66.6 yrs
Density609/mi²
Male / Female43% / 58%
Foreign Born0.8%
Veterans14.8%

Economy

A
Median Income$65,278
Per Capita$29,902
Unemployment3.4%
Poverty5.0%
County GDP$1,051M
Avg Weekly Wage$982

Housing

A+
Home Value$97,900
Rent$844
Ownership72.5%
Zillow$208,461
Housing Units426
Rent Burden23.2%

Health

Obesity38.8%
Diabetes9.4%
Smoking18.0%
Heart Disease5.6%
Premature Death6,814/100K

Climate

Avg Temp49°F
Rain37.1 in/yr
Elevation1,341 ft

Education

C
Bachelor's+15.8%
High School+88.6%
Graduate+4.6%
School Score6.4/10

Community

2024 VoteR 71% / D 28%
Commute26 min
Broadband83.1%
Internet Speed76 Mbps
EV Stations1
Libraries3

Did You Know?

The median home in Walnut was built in 1940.
The nearest airport is Eppley Airfield (37 miles).
The Gini coefficient (income inequality) is 0.450 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
16.3% of the population has a disability.
The county recorded 2 fatal vehicle crashes.
91 declared natural disasters on record.