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Walnut Cove

Learn about the people, housing, costs and businesses in Walnut Cove, North Carolina

Median Home$175,665
Median Rent$720/month
Population1,482
Leading IndustriesRetail · Finance & Insurance · Information & Media17% retail
Home Value Growth⬆⬆⬆+38.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners71% of occupied units
NotableAmenity Score72/100 · highly walkable area
NotableTransit79/100 · excellent transit access
Walnut Cove
NC

Frequently Asked Questions

What are today's mortgage rates in Walnut Cove?

As of today, the 30-year fixed mortgage rate for Walnut Cove is approximately 7.073% (7.115% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Walnut Cove?

The median home value in Walnut Cove is $176k. The median monthly rent is $720. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Walnut Cove?

Home values in Walnut Cove have increased 38.2% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Walnut Cove?

Based on a typical all-in ownership cost of $764/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Walnut Cove is $55k/year.

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What industries drive the economy in Walnut Cove?

The largest employment sectors in Walnut Cove are public administration (26%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.