The typical owner-occupied home in Walnut Springs is worth about $81,700, 71% below the Texas median of $283,800 and 75% below the national median of $332,700. Owners pay a median $923 a year in property taxes, about 1.13% of their home's value, lower than the Texas rate of 1.49%. The median household earns $31,667 a year, so the median home costs 2.6 times the median income (3.6 times for Texas). 68% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Walnut Springs at a glance
| Walnut Springs | Texas | U.S. | |
|---|---|---|---|
| Median home value | $81,700 | $283,800 | $332,700 |
| Median property tax paid per year | $923 | $4,232 | $3,119 |
| Property tax as a share of value | 1.13% | 1.49% | 0.94% |
| Median household income | $31,667 | $78,476 | $80,734 |
| Homes lived in by their owners | 68% | 63% | 65% |
| Owner homes with a mortgage | 28% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,306 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 29.2% | 21.7% | 21.0% |
| Median rent | $1,038 | $1,403 | $1,413 |
| Rent as a share of renters' income | 36.9% | 30.9% | 30.6% |
| Median year homes were built | 1986 | 1992 | 1980 |
| Vacant homes | 19.6% | 9.4% | 10.1% |
| Population | 787 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Walnut Springs
At this week's average 30-year rate of 7.11%, buying the median Walnut Springs home of $81,700 with 20% down costs about $551 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $687, 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 $23,600 for the 20%-down payment. That payment is 21% of the median Walnut Springs household income of $31,667; at that income and 20% down, the 28% guideline points to a home of about $110,000.
The median rent here is $1,038 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $16,340 |
|---|---|
| Loan amount | $65,360 |
| Principal and interest | $440 |
| Property taxes (1.13% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| PMI | $0 |
| Total per month | $551 |
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| Down payment | $2,860 |
|---|---|
| Loan amount | $80,220 |
| Principal and interest | $540 |
| Property taxes (1.13% a year) | $77 |
| Homeowners insurance (our estimate, 0.5% a year) | $34 |
| FHA mortgage insurance | $36 |
| Total per month | $687 |
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Questions about home buying in Walnut Springs
What is the median home value in Walnut Springs?
About $81,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walnut Springs?
Homeowners pay a median $923 a year, which is about 1.13% 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 Walnut Springs?
For the median home with 20% down at 7.11%, the payment is about $551 a month. Keeping that under 28% of gross income takes about $23,600 a year.
More about Walnut Springs
- Mortgage Refinance in Walnut Springs
- Debt Relief in Walnut Springs
- Home Equity Loans in Walnut Springs
- 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