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Walnut Creek city, CA

ZIP 94597 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 94597

Median Home Value
$986,700
Median Rent
$2,423
Affordability Snapshot
$272,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$6,338/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.9x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

33.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 94597 in Walnut Creek city, CA, a household would need roughly $272,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $6,338. That is about 91% above the local median household income ($142,685), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
46.4%-29% vs US avg
x
Vacancy Rate
4.7%-54% vs US avg
x
Broadband Access
99.0%+14% vs US avg
x
4+ Bedrooms
2.2%-85% vs US avg
x
Built Pre-1939
6.6%-48% vs US avg
x
Built Post-2014
0.4%-95% vs US avg
x
Rent Burden >30%
23.3%-53% vs US avg
x
Mortgage-Free
29.8%-22% vs US avg
x
$986,700
Home Value
$2,423
Rent
1981
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached31.9%
  • 1-unit attached17.4%
  • 2-9 units14.2%
  • 10+ units36.1%
  • Mobile home & other0.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$986,700
Median rent$2,423
Owner-occupied46.4%
Vacant4.7%
Price-to-income6.9x
Est. income to buy$272,000