Walters is a town in Cotton County, Oklahoma, United States. The population was 2,412 as of the 2020 United States census. The city, …Walters is a town in Cotton County, Oklahoma, United States. The population was 2,412 as of the 2020 United States census. The city, nestled between twin creeks, is the county seat of Cotton County. The city's motto is "Small town; Big heart".