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Walnut Creek, CA—94598

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$1,417,000
1.3% YoY Growth
Household Income
$188,000
26.9% YoY Growth
Days on Market
25
18.0% Longer YoY
Home Price Forecast
-2.8%
Median Rent
$3,500
2.7% YoY Growth
1-Bed Rent
$2,100
3.3% YoY Growth
2-Bed Rent
$2,740
0.0% YoY Growth
3-Bed Rent
$3,800
9.7% YoY Growth

Other Zip Codes in Walnut Creek, CA

945969459794595
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Walnut Creek, CA

As of May '26, the median home price in Walnut Creek, CA is $1,417,000, with a year-over-year change of -1.3%. This indicates that home prices in Walnut Creek, CA are decreasing. According to Zillow, the 1-year price projection is -2.8%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$1,417,000-1.3%
Single Family $1,484,000-1.1%
Condos $536,000-4.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $355,000
    -9.7%
    2 Bed
    		$675,000-4.7%
    3 Bed
    		$1,187,000-0.6%
    4 Bed
    		$1,596,000-1.5%
    5 Bed $1,881,474-1.3%
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    % of Housing Stock

    Studio
    4.9%
    1 Bedroom
    4.8%
    2 Bedrooms
    15.1%
    3 Bedrooms
    27.4%
    4 Bedrooms
    37.0%
    5+ Bedrooms
    10.8%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    17.6%
    1 Bedroom
    17.0%
    2 Bedrooms
    29.7%
    3 Bedrooms
    27.4%
    4 Bedrooms
    5.9%
    5+ Bedrooms
    2.4%

    Property Listings — Walnut Creek, CA

    As of May '26, Realtor.com reports that the median days on market for a home in Walnut Creek, CA is 25. This is a increase of 18.0% 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 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$1,610,0009.0%
    Listing Count
    		644.0%
    Listings as % of Homes0.2%4.0%
    Days on Market
    		2518.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio7.3
    Median Home Price$1,417,000
    Median Household Income$188,000

    Walnut Creek, CA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions