66780, Walnut, KS

Walnut, KS is located in the 66780 zip code. According to the 2010 census, Walnut has a population of 2,812. The median household income in Walnut is $71,000. Home equity and home prices in Walnut are important factors to consider when evaluating a potential home purchase or sale.

Home equity refers to the value of a homeowner's property minus any outstanding mortgages or other debts on that property. Home prices refer to the amount that a homeowner can sell their home for, either through an open market sale or through a negotiated sale between the homeowner and an interested buyer.

According to Zillow, as of March 2016, Walnut's median home value was $144,500. This represents an increase of 5% from March 2015 and indicates that homes in Walnut are still selling at a brisk pace despite slower economic growth nationally over this time period. In comparison, Zillow reports that the national median home value increased by only 2% over this same time period (from March 2015 to March 2016).

Despite having lower home values than many other areas of Kansas (due in part to its relatively low population density), Walnut still ranks #5 out of 85 Kansas cities with respect to average monthly mortgage payments as reported by MORTGAGE ONE® . This indicates that homeownership opportunities are still available in Walnut despite higher costs associated with purchasing a home there compared with some other areas of Kansas.