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Walnut Hill

Learn about the people, housing, costs and businesses in Walnut Hill, Illinois

Median Home$134,600
Median Rent$738/month
Population91
Leading IndustriesPublic Administration · Transportation · Retail34% public administration
Home Value Growth⬆⬆⬆+50.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners92% of occupied units
NotableAffordable Market$135k median home · lower cost than 79% of the country
Walnut Hill
IL

Frequently Asked Questions

What are today's mortgage rates in Walnut Hill?

As of today, the 30-year fixed mortgage rate for Walnut Hill is approximately 7.021% (7.034% 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 Hill?

The median home value in Walnut Hill is $135k. The median monthly rent is $738. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Walnut Hill?

Home values in Walnut Hill have increased 50.5% 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 Hill?

Based on a typical all-in ownership cost of $879/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Walnut Hill is $77k/year.

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What industries drive the economy in Walnut Hill?

The largest employment sectors in Walnut Hill are public administration (34%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.