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Walnut Springs Independent

Learn about the people, housing, costs and businesses in Walnut Springs Independent, Texas

Median Home$191,419
Median Rent$994/month
Population1,177
Leading IndustriesWholesale Trade · Education · Information & Media15% wholesale trade
Home Value Growth+7.0% over 2 years
Retirees26% of residentswell above average
Homeowners79% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Walnut Springs Independent
TX

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Walnut Springs Independent?

As of today, the 30-year fixed mortgage rate for Walnut Springs Independent is approximately 6.953% (6.991% 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 Springs Independent?

The median home value in Walnut Springs Independent is $191k. The median monthly rent is $994. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Walnut Springs Independent?

Home values in Walnut Springs Independent have increased 7.0% over the past two years. This represents moderate growth. 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 Springs Independent?

Based on a typical all-in ownership cost of $748/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Walnut Springs Independent is $64k/year.

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What industries drive the economy in Walnut Springs Independent?

The largest employment sectors in Walnut Springs Independent are public administration (17%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.