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Walnut Grove

Learn about the people, housing, costs and businesses in Walnut Grove, Tennessee

Median Home$386,736
Median Rent$1,625/month
Population880
Leading IndustriesInformation & Media · Healthcare · Arts, Food & Hospitality9% information & media
Home Value Growth+10.5% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners73% of occupied units
NotableHigh Incomes$97k/year · top 19% nationally
Walnut Grove
TN

Frequently Asked Questions

What are today's mortgage rates in Walnut Grove?

As of today, the 30-year fixed mortgage rate for Walnut Grove is approximately 6.912% (6.949% 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 Grove?

The median home value in Walnut Grove is $387k. The median monthly rent is $1,625. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Walnut Grove?

Home values in Walnut Grove have increased 10.5% 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 Grove?

Based on a typical all-in ownership cost of $1,466/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Walnut Grove is $97k/year.

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What industries drive the economy in Walnut Grove?

The largest employment sectors in Walnut Grove are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.