94598, Walnut Creek, CA

The Walnut Creek zip code 94598 has a population of around 112,000 people and is located in the San Francisco Bay Area. The median home value in this zip code is $1,050,000 which is significantly higher than the national median home value of $177,500. Walnut Creek also has a high rate of home equity ownership with over 60% of households owning their homes outright or with a mortgage that is less than 90% of the value of their homes. This high rate of home equity ownership is likely due to the strong economy and low interest rates in the area.

One reason why Walnut Creek's home values are so high is that there are a lot of affluent residents in this area. The percentage of households earning over $100,000 annually is above average for both California and the United States as a whole. Additionally, Walnut Creek has seen an influx of new residents in recent years who are able to afford expensive homes. This influx has driven up prices and made Walnut Creek one of the most desirable places to live in California.