Regarded as a college town-California State Polytechnic University and DeVry University are nearby-Walnut is considered to be one of the more educated communities in the country. It has a highly ranked public school system and is popular with families: married couples with children occupy 41.6% of all Walnut households. Houses here are pricey, however. The average listing price is $1,089,527 and the average sales price is $725,000. A good example of what you might expect to find for sale is a three-bedroom, three-bath, 2,186-square-foot, single-family home listed at $786,000.

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An upper middle-class city in the eastern part of Los Angeles County, Walnut has a population that is mostly employed in white-collar jobs. More Walnut residents perform computer- and math-related work than 95% of workers in areas of a similar size anywhere else in the country. Most residents have a college degree, and for a family of four, the average annual income is $140,820. Accordingly, Walnut real estate is among the most expensive in America.

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