The typical owner-occupied home in Walnut Creek is worth about $1,057,300, 44% above the California median of $734,700 and 3.2 times the national median of $332,700. Owners pay a median $7,283 a year in property taxes, about 0.69% of their home's value, close to the California rate of 0.70%. The median household earns $130,432 a year, so the median home costs 8.1 times the median income (7.4 times for California). 64% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Walnut Creek at a glance
| Walnut Creek | California | U.S. | |
|---|---|---|---|
| Median home value | $1,057,300 | $734,700 | $332,700 |
| Median property tax paid per year | $7,283 | $5,124 | $3,119 |
| Property tax as a share of value | 0.69% | 0.70% | 0.94% |
| Median household income | $130,432 | $99,122 | $80,734 |
| Homes lived in by their owners | 64% | 56% | 65% |
| Owner homes with a mortgage | 58% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,764 | $2,946 | $1,963 |
| Those costs as a share of the owners' income | 23.7% | 24.8% | 21.0% |
| Median rent | $2,680 | $2,036 | $1,413 |
| Rent as a share of renters' income | 30.6% | 32.8% | 30.6% |
| Median year homes were built | 1974 | 1976 | 1980 |
| Vacant homes | 3.8% | 7.5% | 10.1% |
| Population | 70,088 | 39,287,377 | 334,922,499 |
What a typical home costs per month in Walnut Creek
At this week's average 30-year rate of 7.11%, buying the median Walnut Creek home of $1,057,300 with 20% down costs about $6,739 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $8,670, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $288,793 for the 20%-down payment. That payment is 62% of the median Walnut Creek household income of $130,432; at that income and 20% down, the 28% guideline points to a home of about $478,000.
The median rent here is $2,680 a month, so owning the median home costs about $4,059 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $211,460 |
|---|---|
| Loan amount | $845,840 |
| Principal and interest | $5,690 |
| Property taxes (0.69% a year) | $608 |
| Homeowners insurance (our estimate, 0.5% a year) | $441 |
| PMI | $0 |
| Total per month | $6,739 |
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| Down payment | $37,006 |
|---|---|
| Loan amount | $1,038,150 |
| Principal and interest | $6,984 |
| Property taxes (0.69% a year) | $608 |
| Homeowners insurance (our estimate, 0.5% a year) | $441 |
| FHA mortgage insurance | $638 |
| Total per month | $8,670 |
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Questions about home buying in Walnut Creek
What is the median home value in Walnut Creek?
About $1,057,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Walnut Creek?
Homeowners pay a median $7,283 a year, which is about 0.69% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Walnut Creek?
For the median home with 20% down at 7.11%, the payment is about $6,739 a month. Keeping that under 28% of gross income takes about $288,793 a year.
More about Walnut Creek
- Mortgage Refinance in Walnut Creek
- Debt Relief in Walnut Creek
- Home Equity Loans in Walnut Creek
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data