Market Overview
Home Prices in Walnut Grove, MO
The median home value in Walnut Grove, MO is $316,700 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.1% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Walnut Grove are priced23% below average. Walnut Grove is part of the Springfield, MO metro area.
Over the past five years, Walnut Grove home values have risen by approximately40.0%, reflecting strong long-term appreciation in this market.
Price History
Walnut Grove Home Price Trend
City Comparison
Walnut Grove vs. National Median
At $316,700, homes in Walnut Grove cost 23% below the national median of $410,000. This makes Walnut Grove a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Walnut Grove?
20% Down Payment
$63,340
on $316,700
Monthly P&I
$1,652/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,098/mo
incl. taxes & insurance
Income Needed
$83,920
gross annual (30% rule)
10% Down Option
$31,670
+ PMI applies
Loan Amount (20% dn)
$253,360
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Walnut Grove, MO?
The median home value in Walnut Grove is $316,700 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.1% year-over-year.
How much have home prices changed in Walnut Grove?
Over the past year, home values in Walnut Grove have increased by 6.1%. Over five years, prices have risen approximately 40.0%.
How much do I need to earn to buy a home in Walnut Grove?
To comfortably afford the median home price of $316,700 with a 20% down payment ($63,340) at today's rates (6.8%), you'd need a gross annual income of approximately $83,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Walnut Grove compare to the national average home price?
The national median home value is approximately $410,000. At $316,700, homes in Walnut Grove are 23% below the national average.
What metro area is Walnut Grove part of?
Walnut Grove is part of the Springfield, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.