The typical owner-occupied home in Walker is worth about $172,400, 17% below the Iowa median of $208,000 and 48% below the national median of $332,700. Owners pay a median $2,298 a year in property taxes, about 1.33% of their home's value, close to the Iowa rate of 1.39%. The median household earns $82,656 a year, so the median home costs 2.1 times the median income (2.8 times for Iowa). 81% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Walker at a glance
| Walker | Iowa | U.S. | |
|---|---|---|---|
| Median home value | $172,400 | $208,000 | $332,700 |
| Median property tax paid per year | $2,298 | $2,897 | $3,119 |
| Property tax as a share of value | 1.33% | 1.39% | 0.94% |
| Median household income | $82,656 | $75,059 | $80,734 |
| Homes lived in by their owners | 81% | 72% | 65% |
| Owner homes with a mortgage | 66% | 59% | 61% |
| Median monthly costs, owners with a mortgage | $1,463 | $1,533 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 18.7% | 21.0% |
| Median rent | $808 | $972 | $1,413 |
| Rent as a share of renters' income | 38.8% | 27.4% | 30.6% |
| Median year homes were built | 1971 | 1972 | 1980 |
| Vacant homes | 11.3% | 8.5% | 10.1% |
| Population | 661 | 3,210,507 | 334,922,499 |
What a typical home costs per month in Walker
At this week's average 30-year rate of 7.11%, buying the median Walker home of $172,400 with 20% down costs about $1,191 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,478, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $51,030 for the 20%-down payment. That payment is 17% of the median Walker household income of $82,656; at that income and 20% down, the 28% guideline points to a home of about $279,000.
The median rent here is $808 a month, so owning the median home costs about $383 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $34,480 |
|---|---|
| Loan amount | $137,920 |
| Principal and interest | $928 |
| Property taxes (1.33% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| PMI | $0 |
| Total per month | $1,191 |
Change the numbers in the calculator
| Down payment | $6,034 |
|---|---|
| Loan amount | $169,277 |
| Principal and interest | $1,139 |
| Property taxes (1.33% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $72 |
| FHA mortgage insurance | $76 |
| Total per month | $1,478 |
Change the numbers in the calculator
Questions about home buying in Walker
What is the median home value in Walker?
About $172,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walker?
Homeowners pay a median $2,298 a year, which is about 1.33% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Walker?
For the median home with 20% down at 7.11%, the payment is about $1,191 a month. Keeping that under 28% of gross income takes about $51,030 a year.
More about Walker
- Mortgage Refinance in Walker
- Debt Relief in Walker
- Home Equity Loans in Walker
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data