Walnut, IA housing market
The typical Walnut home is worth about $209,000, up 6.2% in a year, 13% below the Iowa typical home.
Home values, sales, trends and how Walnut compares with the towns next door — updated as new data is published.
Walnut at a glance
Only 1 sale in April 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Walnut | Iowa |
|---|---|---|
| 2017 | $115,000 | $147,000 |
| 2018 | $119,000 | $152,000 |
| 2019 | $128,000 | $159,000 |
| 2020 | $141,000 | $167,000 |
| 2021 | $150,000 | $179,000 |
| 2022 | $163,000 | $195,000 |
| 2023 | $174,000 | $211,000 |
| 2024 | $184,000 | $218,000 |
| 2025 | $198,000 | $228,000 |
| 2026 | $202,000 | $236,000 |
| August 2026 | $209,000 | $240,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Walnut in 2025, all single-family houses. That's 1.5 per 1,000 residents, slower than across Iowa (4.7). Over the past 10 years, Walnut has permitted 3 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $409,000 |
| 2025 | 2 | 2 | 0 | $817,000 |
| 2024 | 0 | 0 | 0 | — |
| 2023 | 1 | 1 | 0 | $300,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.3 years of income
The typical Walnut home costs about 3.3 years of the town's median household income, about the same as across Iowa (3.2).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Walnut is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Walnut pay a median of $874, so moving in tends to cost more than staying put. A two-bedroom takes about 19% of the town's median household income.
Studio $770 · 4 bedrooms $1,450
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (51577; Omaha-Council Bluffs, NE-IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, April 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.