94596, Walnut Creek, CA

The Walnut Creek zip code 94596 has a population of around 112,000 people and is located in the East Bay region of the San Francisco Bay Area. The median home value in this zip code is $1,060,000 which is above the California statewide median home value of $846,500. The Walnut Creek area has seen strong growth over the past few years and there are now more homes for sale than there are buyers. This situation has led to a rise in home equity values in this zip code.

Over the past year or so, home equity values have increased by an average of 7% across all zip codes within the Bay Area. In Walnut Creek specifically, home equity values have increased by an average of 10%. This increase can be attributed to several factors including strong job growth and low interest rates. Additionally, many homeowners in this area have been able to refinance their mortgages at lower interest rates which has helped to boost their overall net worth.

Despite these positive trends, there are still some areas within Walnut Creek where home equity values are lower than they are statewide. This is likely due to stricter lending criteria that banks may apply when approving mortgages for residents here. Additionally, some homeowners who bought property during the housing market crash may find it difficult to sell their homes at current prices due to weak demand from buyers.