Walnut, CA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Walnut, CA Housing Market Trends

With a population of 29,685, 9,069 total housing units (homes and apartments), and a median house value of $758,830, real estate costs in Walnut are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Walnut is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Walnut than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Walnut. Owner-occupied housing accounts for 84.70% of Walnut's homes, and 83.35% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Walnut 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 built between 1940-1969 ( 18.19%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.51%). There's also some housing in Walnut built before 1939 ( 1.09%).

Walnut Home Appreciation Rates

Appreciation rates for homes in Walnut have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.24%, which ranks in the top 30% nationwide. This equates to an annual average Walnut house appreciation rate of 4.22%.

Over the last year, Walnut appreciation rates have trailed the rest of the nation. In the last twelve months, Walnut's appreciation rate has been 4.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Walnut were at 1.49%, which equates to an annual appreciation rate of 6.08%.

Notably, Walnut's appreciation rate in the latest quarter is one of the lowest in America.

Relative to California, our data show that Walnut's latest annual appreciation rate is lower than 70% 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 differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Walnut - 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 real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$758,830

Walnut, CA HOME PRICES

> $1,108,000
20.5%
20.5%
$831,001 - $1,108,000
31.2%
31.2%
$554,001 - $831,000
40.8%
40.8%
$443,001 - $554,000
3.6%
3.6%
$332,001 - $443,000
1.4%
1.4%
$221,001 - $332,000
0.9%
0.9%
$111,001 - $221,000
0.3%
0.3%
$56,001 - $111,000
0.7%
0.7%
$0 - $56,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for CA

Value Relative To Nation

Number Of Homes And Apartments:
9,069

Walnut Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
169.00% 4.82%
9
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$3,567 / per month

Homeownership Rate

Owners
84.7%
84.7%
Renters
15.3%
15.3%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
6.5%
6.5%
1970 - 1999
74.2%
74.2%
1940 - 1969
18.2%
18.2%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
94.2%
94.2%
Townhomes
1.5%
1.5%
Small Apt. Buildings
1.1%
1.1%
Apt. Complexes
2.6%
2.6%
Mobile Homes
0.4%
0.4%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
0.4%
0.4%
2 Bedrooms
4.8%
4.8%
3 Bedrooms
34.0%
34.0%
4 Bedrooms
49.4%
49.4%
5 or more bedrooms
11.3%
11.3%
0.0% 100.0%
% OF HOMES