Walnut Creek, CA—94597
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 $971,000, with a year-over-year change of -2.3%. This indicates that home prices in Walnut Creek, CA are decreasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $971,000 | -2.3% |
| Single Family | $1,128,000 | -1.9% |
| Condos | $548,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $368,000 | -6.1% |
2 Bed | $604,000 | -4.3% |
3 Bed | $1,059,000 | -1.9% |
4 Bed | $1,366,000 | -1.0% |
| 5 Bed | $1,625,000 | -1.5% |
% of Housing Stock
Rental Trends — Walnut Creek, CA
As of July '25, Rentcast reports the average rent in Walnut Creek, CA is $2,870, with a year-over-year rent change of -19.6%. Per bedroom, the median rent as of July '25 in Walnut Creek, CA is studios: $2,080, 1-bedrooms: $2,150, 2-bedrooms: $2,960, 3-bedrooms: $4,030, 4-bedrooms: $4,200. The most common rental property sizes in Walnut Creek, CA are 2-bedroom and 1-bedroom, accounting for 38.1% and 34.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,870 |
| Studio Rent | $1,950 | $2,080 |
| 1 Bed Rent | $2,000 | $2,150 |
| 2 Bed Rent | $2,800 | $2,960 |
| 3 Bed Rent | $3,950 | $4,030 |
| 4 Bed Rent | $4,200 | $4,200 |
% 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 37. This is a increase of 4.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $776,000 | 3.0% |
Listing Count | 74 | -12.0% |
| Listings as % of Homes | 0.2% | -12.0% |
Days on Market | 37 | 4.0% |
Demographics — Walnut Creek, CA
As of the latest ACS Survey released in 2023, Walnut Creek, CA has a population of 24,200, which has increased by 6.6% over the past 5 years. Walnut Creek, CA is a moderately popular place for families, as children make up 17.7% of the population. The area has a highly educated workforce, with 65.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,200 | 6.6% |
% Under 18 | 17.7% | -5.3% |
% Seniors | 16.2% | 4.5% |
% WFH | 24.4% | 234.2% |
% w/ College Degree | 65.6% | 4.3% |
As of the latest ACS Survey released in 2023, Walnut Creek, CA is a predominantly white area, with 52.8% of the population identifying as white. The white population has shrunk by 16.7% in the last 5 years. The second most common race or ethnicity in Walnut Creek, CA is asian, making up 19.9% of the population. Foreign-born residents account for 26.6% of the population in Walnut Creek, CA, and this percentage has increased by 6.4% 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 | 52.8% | -16.7% |
% Black | 4.4% | 158.8% |
% Hispanic | 17.8% | 63.3% |
% Asian | 19.9% | 9.3% |
% Foreign Born | 26.6% | 6.4% |
Mortgage and Risk — Walnut Creek, CA
According to HUD data as of 2023, there were 259 mortgage originations in Walnut Creek, CA, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 6.0% 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 | 259 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% 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 3.2%. 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 and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 198 |
Total Units Section 8 | 198 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $520 | $2,000 | $2,520 |
| 2 Bedroom | $270 | $2,800 | $3,070 |
| 3 Bedroom | -$20 | $3,950 | $3,930 |
| 4 Bedroom | $470 | $4,200 | $4,670 |
Affordability — Walnut Creek, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $971,000 |
| Median Household Income | $143,000 |