Walnut, MS—38683
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walnut, MS
As of Oct '25, the median home price in Walnut, MS is $141,000, with a year-over-year change of 2.7%. This indicates that home prices in Walnut, MS are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $141,000 | 2.7% |
| Single Family | $141,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Walnut, MS
Walnut, MS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Walnut, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Walnut, MS is 28. This is a decrease of -46.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $169,000 | -41.0% |
Listing Count | 7 | -11.0% |
| Listings as % of Homes | 0.3% | -11.0% |
Days on Market | 28 | -46.0% |
Demographics — Walnut, MS
As of the latest ACS Survey released in 2023, Walnut, MS has a population of 3,490, which has decreased by -35.6% over the past 5 years. Walnut, MS is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 11.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,490 | -35.6% |
% Under 18 | 20.9% | -5.4% |
% Seniors | 20.9% | 26.7% |
% WFH | 3.3% | 94.1% |
% w/ College Degree | 11.9% | 28.0% |
As of the latest ACS Survey released in 2023, Walnut, MS is a predominantly white area, with 93.9% of the population identifying as white. The white population has grown by 1.4% in the last 5 years. The second most common race or ethnicity in Walnut, MS is black, making up 3.2% of the population. Foreign-born residents account for 0.3% of the population in Walnut, MS, and this percentage has decreased by 75.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.9% | 1.4% |
% Black | 3.2% | -41.8% |
% Hispanic | 1.2% | 71.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.3% | -75.0% |
Mortgage and Risk — Walnut, MS
According to HUD data as of 2023, there were 34 mortgage originations in Walnut, MS, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Walnut, MS. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 34 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Walnut, MS
Walnut, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 60 |
Total Units Section 8 | 60 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $780 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,230 |
| 4 Bedroom | N/A | N/A | $1,260 |
Affordability — Walnut, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $141,000 |
| Median Household Income | $37,000 |