63 years later, on December 31 in 2013, the district of Emsetal (consisting of Fischbach, Schmerbach, Schwarzhausen and Winterstein) was incorporated into the town.

The origin of the town's name can be traced back to the 8th-9th century when, during Franconian times, a settlement called Waltershausen existed.

In 1929, the Thuringian forest railway was extended to Waltershausen, thus providing a direct connection to Bad Tabarz and Gotha.

Karate athletes of Bushido Waltershausen regularly compete on the national and international stage and have won numerous titles over the years.

In December, usually on the weekend of second advent, the annual Christmas market takes place in front of the town hall.

One of the most significant examples is a factory by Hako GmbH, where multifunctional equipment transporters called Multicars are being produced.

The highway is also the gateway to various other parts of Germany, making Waltershausen a very central and easily accessible place from a national perspective.

One of the best-known public transport mediums in the area is the Thüringer Waldbahn [de], connecting Waltershausen to Gotha and Bad Tabarz.