Walnut Creek, CA—94598
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 $1,356,000, with a year-over-year change of -4.0%. This indicates that home prices in Walnut Creek, CA are decreasing. According to Zillow, the 1-year price projection is -2.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,356,000 | -4.0% |
| Single Family | $1,419,000 | -3.7% |
| Condos | $549,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $363,000 | -10.1% |
2 Bed | $675,000 | -4.5% |
3 Bed | $1,145,000 | -2.7% |
4 Bed | $1,525,000 | -3.6% |
| 5 Bed | $1,792,000 | -3.7% |
% of Housing Stock
Rental Trends — Walnut Creek, CA
As of July '25, Rentcast reports the average rent in Walnut Creek, CA is $3,670, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Walnut Creek, CA is studios: $2,030, 1-bedrooms: $2,210, 2-bedrooms: $2,830, 3-bedrooms: $4,000, 4-bedrooms: $5,470. The most common rental property sizes in Walnut Creek, CA are 2-bedroom and 3-bedroom, accounting for 29.7% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,500 | $3,670 |
| Studio Rent | $2,030 | $2,030 |
| 1 Bed Rent | $2,100 | $2,210 |
| 2 Bed Rent | $2,740 | $2,830 |
| 3 Bed Rent | $3,800 | $4,000 |
| 4 Bed Rent | $5,500 | $5,470 |
% 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 33. This is a decrease of -13.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,220,000 | -3.0% |
Listing Count | 60 | 4.0% |
| Listings as % of Homes | 0.2% | 4.0% |
Days on Market | 33 | -13.0% |
Demographics — Walnut Creek, CA
As of the latest ACS Survey released in 2023, Walnut Creek, CA has a population of 26,300, which has decreased by -5.4% over the past 5 years. Walnut Creek, CA is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 73.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 34.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | -5.4% |
% Under 18 | 20.5% | -2.8% |
% Seniors | 24.7% | 7.9% |
% WFH | 34.2% | 249.0% |
% w/ College Degree | 73.8% | 7.1% |
As of the latest ACS Survey released in 2023, Walnut Creek, CA is a predominantly white area, with 62.2% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Walnut Creek, CA is asian, making up 17.8% of the population. Foreign-born residents account for 22.7% of the population in Walnut Creek, CA, and this percentage has increased by 1.3% 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 | 62.2% | -6.5% |
% Black | 2.0% | -9.1% |
% Hispanic | 10.0% | -1.0% |
% Asian | 17.8% | 5.3% |
% Foreign Born | 22.7% | 1.3% |
Mortgage and Risk — Walnut Creek, CA
According to HUD data as of 2023, there were 331 mortgage originations in Walnut Creek, CA, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 5.0% 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. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 331 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
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 4.0%. 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. In Walnut Creek, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 141 |
Total Units Section 8 | 108 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 95.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $930 | $2,100 | $3,030 |
| 2 Bedroom | $950 | $2,740 | $3,690 |
| 3 Bedroom | $920 | $3,800 | $4,720 |
| 4 Bedroom | $110 | $5,500 | $5,610 |
Affordability — Walnut Creek, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $1,356,000 |
| Median Household Income | $188,000 |