Walnut Creek, CA—94595
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Walnut Creek, CA
As of Oct '25, the median home price in Walnut Creek, CA is $686,000, with a year-over-year change of -9.0%. This indicates that home prices in Walnut Creek, CA are decreasing. According to Zillow, the 1-year price projection is -2.0%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $686,000 | -9.0% |
| Single Family | $1,470,000 | -3.7% |
| Condos | $540,000 | -11.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $317,000 | -14.3% |
2 Bed | $543,000 | -11.7% |
3 Bed | $1,272,000 | -3.3% |
4 Bed | $1,689,000 | -2.8% |
| 5 Bed | $2,027,000 | -1.6% |
% of Housing Stock
Rental Trends — Walnut Creek, CA
As of July '25, Rentcast reports the average rent in Walnut Creek, CA is $3,230, with a year-over-year rent change of -13.9%. Per bedroom, the median rent as of July '25 in Walnut Creek, CA is studios: $2,500, 1-bedrooms: $2,290, 2-bedrooms: $3,480, 3-bedrooms: $5,000, 4-bedrooms: $4,020. The most common rental property sizes in Walnut Creek, CA are 2-bedroom and 1-bedroom, accounting for 44.1% and 37.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $3,230 |
| Studio Rent | $2,500 | $2,500 |
| 1 Bed Rent | $2,250 | $2,290 |
| 2 Bed Rent | $3,200 | $3,480 |
| 3 Bed Rent | $5,000 | $5,000 |
| 4 Bed Rent | $4,800 | $4,020 |
% of Rental Stock
Property Listings — Walnut Creek, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Walnut Creek, CA is 48. This is a increase of 32.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $621,000 | 3.0% |
Listing Count | 145 | 14.0% |
| Listings as % of Homes | 0.8% | 14.0% |
Days on Market | 48 | 32.0% |
Demographics — Walnut Creek, CA
As of the latest ACS Survey released in 2023, Walnut Creek, CA has a population of 17,100, which has decreased by -4.9% over the past 5 years. Walnut Creek, CA is a less popular place for families, as children make up 11.7% of the population. The area has a highly educated workforce, with 69.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | -4.9% |
% Under 18 | 11.7% | 2.6% |
% Seniors | 57.0% | 6.1% |
% WFH | 32.1% | 202.8% |
% w/ College Degree | 69.4% | 7.3% |
As of the latest ACS Survey released in 2023, Walnut Creek, CA is a predominantly white area, with 73.9% of the population identifying as white. The white population has shrunk by 9.3% in the last 5 years. The second most common race or ethnicity in Walnut Creek, CA is asian, making up 11.2% of the population. Foreign-born residents account for 19.2% of the population in Walnut Creek, CA, and this percentage has increased by 19.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 73.9% | -9.3% |
% Black | 1.9% | -5.0% |
% Hispanic | 8.0% | 45.5% |
% Asian | 11.2% | 23.1% |
% Foreign Born | 19.2% | 19.3% |
Mortgage and Risk — Walnut Creek, CA
According to HUD data as of 2023, there were 351 mortgage originations in Walnut Creek, CA, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Walnut Creek, CA. Investor activity is low, as 1.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 351 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Walnut Creek, CA
As of 2024, the percent of homes in Walnut Creek, CA under the Section 8 program is 5.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Walnut Creek, CA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 97 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $80 | $2,250 | $2,330 |
| 2 Bedroom | -$360 | $3,200 | $2,840 |
| 3 Bedroom | -$1,370 | $5,000 | $3,630 |
| 4 Bedroom | -$480 | $4,800 | $4,320 |
Affordability — Walnut Creek, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.5 |
| Median Home Price | $686,000 |
| Median Household Income | $98,100 |