The story of this market
The typical home in ZIP 94597 sells for about $1,140,000, or $633 per square foot.
Prices are up +11.6% from a year ago, so sellers still have some momentum. Homes take about 23 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,661 a month.
ZIP 94597 — Walnut Creek
The 94597 housing market shows resilience with steady price appreciation and high demand for limited inventory. While transaction volume remains constrained, the area's strong school districts and transit connectivity continue to drive buyer interest.
This ZIP is well-suited for commuters seeking transit access, families looking for high-quality schools, and professionals drawn to the balance of suburban living and urban amenities.
Median prices moved up 11.6% year over year.
Homes spend a median of 23 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.4% · poverty 8.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 94597, Contra Costa County CA
The area is served by the Walnut Creek School District and Acalanes Union High School District, which are generally characterized by high performance and strong academic reputations.
The region faces standard California wildfire and seismic risks, with insurance availability and premium costs increasingly influenced by state-wide climate exposure.
Economic momentum is driven by proximity to major Bay Area employment hubs and local commercial development in Walnut Creek, supported by established infrastructure.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (California) — Mello-Roos Community Facilities Act Special Parcel Tax Assessment: Levies an annual direct, non-ad valorem special tax directly on the parcel's secured property tax bill to fund designated community infrastructure (e.g., roads, sewer facilities, school facilities, emergency services) and repay municipal debt bonds. State (California) — California Homeowners' Property Tax Exemption: Reduces the taxable assessed value of the qualifying owner-occupied principal residence by $7,000 against the county assessment roll, generating a direct tax savings of approximately $70 annually (computed as $7,000 × 1% base rate). State (California) — California Proposition 13 Ad Valorem Real Property Tax: Establishes a base ad valorem tax rate capped at 1.0% of assessed value plus voter-approved local indebtedness and direct assessments (typically resulting in an effective tax rate of 1.1% to 1.25%).
Residents benefit from proximity to BART stations and major highway corridors like I-680, facilitating commutes to Oakland, San Francisco, and Silicon Valley.
The area features access to local parks, trails, and the vibrant shopping and dining districts of downtown Walnut Creek, including the Broadway Plaza area.
The rental market is characterized by high demand and a significant renter share of approximately 54%, with rents reflecting the area's desirability and proximity to transit.
The local economy is anchored by professional services, healthcare, and retail, benefiting from the broader Contra Costa County employment base.
The area is served by the Walnut Creek BART station and major highway arteries, providing critical connectivity to the wider San Francisco Bay Area.
Development activity is focused on infill projects and mixed-use residential growth near transit corridors and the downtown core.
The Contra Costa County Assessor manages property valuations, adhering to state-mandated assessment cycles and Proposition 13 limitations.
Parcels are subject to standard county-wide levies, including school district taxes and local utility district assessments.
Property insurance markets in the area are experiencing upward pressure on premiums due to regional wildfire risk and broader California market volatility.
Data aggregated from U.S. Census and U.S. News housing profiles.
A major open-air shopping center serving as a regional retail anchor.
A popular multi-use trail providing extensive recreational access through the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.