Walton was laid out as a town site in December 1871 by William Mathews. The first buildings constructed were William Mathews house, general store, railroad section house. On account of there being some difficulty in obtaining a perfect title to the lots, the place remained dormant until J.F. Watson filed a plat of the town in 1876.
20th century[edit]
The New Santa Fe Trail road was routed through Walton in the late 1910s. Initially the road entered the north side of the city on Walton Ave. The trail became U.S. Route 50 in the late 1930s when the new highway was routed northeast to southwest parallel to the railroad.

Walton 21st Century Rural Life Center, 500 Main St, a charter elementary school, Grades K–5

Walton Rural Life Festival, every October.

Kansas Historical Marker - Red Turkey Wheat, on north side of US-50 near NE city limits.