Walnut Creek, CA—94596
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 $1,088,000, with a year-over-year change of -3.2%. This indicates that home prices in Walnut Creek, CA are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,088,000 | -3.2% |
| Single Family | $1,554,000 | -2.6% |
| Condos | $441,000 | -9.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $336,000 | -10.2% |
2 Bed | $564,000 | -6.9% |
3 Bed | $1,323,000 | -3.0% |
4 Bed | $1,737,000 | -2.3% |
| 5 Bed | $2,025,000 | -1.8% |
% of Housing Stock
Rental Trends — Walnut Creek, CA
As of July '25, Rentcast reports the average rent in Walnut Creek, CA is $2,660, with a year-over-year rent change of -9.5%. Per bedroom, the median rent as of July '25 in Walnut Creek, CA is studios: $2,260, 1-bedrooms: $2,230, 2-bedrooms: $2,800, 3-bedrooms: $4,760, 4-bedrooms: $6,360. The most common rental property sizes in Walnut Creek, CA are 2-bedroom and 1-bedroom, accounting for 40.1% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,660 |
| Studio Rent | $2,260 | $2,260 |
| 1 Bed Rent | $2,100 | $2,230 |
| 2 Bed Rent | $2,600 | $2,800 |
| 3 Bed Rent | $4,900 | $4,760 |
| 4 Bed Rent | $6,000 | $6,360 |
% 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 47. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $718,000 | 46.0% |
Listing Count | 73 | 9.0% |
| Listings as % of Homes | 0.1% | 9.0% |
Days on Market | 47 | -7.0% |
Demographics — Walnut Creek, CA
As of the latest ACS Survey released in 2023, Walnut Creek, CA has a population of 23,600, which has increased by 13.3% over the past 5 years. Walnut Creek, CA is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 69.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,600 | 13.3% |
% Under 18 | 15.1% | -2.6% |
% Seniors | 17.7% | -6.3% |
% WFH | 25.8% | 189.9% |
% w/ College Degree | 69.5% | 2.4% |
As of the latest ACS Survey released in 2023, Walnut Creek, CA is a predominantly white area, with 64.2% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Walnut Creek, CA is asian, making up 14.5% of the population. Foreign-born residents account for 23.6% of the population in Walnut Creek, CA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 64.2% | -5.7% |
% Black | 1.6% | -11.1% |
% Hispanic | 11.4% | 6.5% |
% Asian | 14.5% | 11.5% |
% Foreign Born | 23.6% | 0.0% |
Mortgage and Risk — Walnut Creek, CA
According to HUD data as of 2023, there were 191 mortgage originations in Walnut Creek, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Walnut Creek, CA. Investor activity is low, as 2.0% 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 | 191 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% 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 2.7%. 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 and 2-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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 171 |
Total Units Section 8 | 171 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $350 | $2,100 | $2,450 |
| 2 Bedroom | $380 | $2,600 | $2,980 |
| 3 Bedroom | -$1,090 | $4,900 | $3,810 |
| 4 Bedroom | -$1,470 | $6,000 | $4,530 |
Affordability — Walnut Creek, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $1,088,000 |
| Median Household Income | $138,000 |