Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 68,910, 30,317 total housing units (homes and apartments), and a median house value of $857,553, Walnut Creek house prices are not only among the most expensive in California, Walnut Creek real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Walnut Creek, accounting for 37.55% of the city's housing units. Other types of housing that are prevalent in Walnut Creek include large apartment complexes or high rise apartments ( 35.69%), row houses and other attached homes ( 14.20%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.16%).
People in Walnut Creek primarily live in small (one, two or no bedroom) single-family detached homes. Walnut Creek has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Walnut Creek built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Walnut Creek built between 1940-1969 ( 41.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.90%). There's also some housing in Walnut Creek built before 1939 ( 1.37%).
In the last 10 years, Walnut Creek has experienced some of the highest home appreciation rates of any community in the nation. Walnut Creek real estate appreciated 15.74% over the last ten years, which is an average annual home appreciation rate of 1.47%, putting Walnut Creek in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Walnut Creek definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Walnut Creek that despite a nationwide downturn in the housing market, Walnut Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Walnut Creek appreciation rates continue to be some of the highest in America, at 7.28%, which is higher than appreciation rates in 82.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Walnut Creek. Walnut Creek appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.
Importantly, this makes Walnut Creek one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that Walnut Creek's latest annual appreciation rate is lower than 60% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Walnut Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Walnut Creek - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Walnut Creek real estate investment or home purchase decisions.
|$992,001 - $1,322,000||24.7|
|$661,001 - $992,000||28.6|
|$529,001 - $661,000||9.9|
|$397,001 - $529,000||9.9|
|$264,001 - $397,000||7.4|
|$132,001 - $264,000||5.8|
|$66,001 - $132,000||1.1|
|$0 - $66,000||1.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Walnut Creek HOMES|
|2000 or Newer||5.9|
|1970 - 1999||51.6|
|1940 - 1969||41.2|
|1939 or Older||1.4|
|TYPE OF Walnut Creek HOMES|
|Small Apt. Buildings||12.2|
|SIZE OF Walnut Creek HOMES|
|5 or more bedrooms||4.88|