Quick facts: Walnut, CA

Quick Facts

127.6
Cost of Living
above US average
27,356
Population
15.5
Crime Rate per 1000
below US average
$130,444
Median Income
above US average
$842,000
Median House Price
above US average
$2796
Average Rent
above US average
6%
Poverty Rate
below US average
4.8%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $130,444.

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Income Needed to Buy

βœ— Stretch
$264k/year
Based on $842,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $264k vs median $130,444
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Income Needed to Rent

βœ“ Affordable
$120k/year
Based on $2796/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($130,444) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Walnut, CA

Walnut, California, is a suburban city located in Los Angeles County, nestled in the San Gabriel Valley. With a population of around 30,000, it boasts a peaceful, family-friendly atmosphere with a strong sense of community. Walnut is known for its highly-rated schools, making it a desirable location for families seeking quality education for their children. The city features ample green spaces, including parks like Suva Park and Walnut Creek Nature Park, providing residents with outdoor recreational opportunities. The area has a mix of residential neighborhoods and commercial areas, with shopping centers and restaurants catering to a variety of tastes. Walnut is strategically located near major highways, facilitating easy access to nearby cities and attractions. Additionally, its proximity to the larger urban centers of Los Angeles and Pomona offers residents the best of both worldsβ€”tranquil suburban living with city conveniences just a short drive away. With its balanced blend of nature, community, and accessibility, Walnut is an appealing destination for those looking to settle in the Los Angeles area.

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