Walnut, California Housing Market Prices
Walnut Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 71% above the California median$1,112,146
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Median rent 57% above the California median$3,186
Housing Market Overview
| Metric | Walnut | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,112,146 | $650,794 | $248,835 |
| Price Trend (Annual %) | 8.8% | 8.9% | 7.5% |
| Median Gross Rent | $3,186 | $2,036 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 5.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Walnut is about 71% higher than in California. Rent is about 57% higher than the California average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Walnut, up about 8.8% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Walnut rose about 55.8% between 2015 and 2024, from $2,045 to $3,186. Over the same span, rent in California rose about 62.2%.
Affordability
On average, housing unit costs 8.5 yearly household incomes in Walnut.
Buying the median-priced home in Walnut costs roughly 29.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Walnut. The price-to-rent ratio in California is about 26.6.
| Metric | Walnut | California Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,112,146 | $650,794 | $248,835 |
| Median Household Income | $130,123 | $99,161 | $80,455 |
| Price-to-Income Ratio | 8.5 | 6.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Walnut rose about 76.7%, while median household income rose about 22.1% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Walnut | California Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.5% | 51.7% | 58.5% |
| Rental Rate | 15.3% | 40.8% | 31.2% |
| Vacancy Rate | 6.2% | 7.5% | 10.2% |
| Median Tenure (years) | 21.0 | 15.0 | 15.0 |
| Median Year Moved In | 2005 | 2011 | 2011 |
Walnut has a homeownership rate of 78.5%, higher than the California average of 51.7%. Its housing vacancy rate is 6.2%, compared with 7.5% in California.
Housing Stock
| Metric | Walnut | California Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.18 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1982 | 1975 | 1978 |
| Median Number of Rooms | 6.6 | 5.0 | 5.5 |
The typical housing unit in Walnut was built around 1982. On average, 3.2 people live in a home with about 6.6 rooms, staying for about 21.0 years on average.
Walnut, CA Housing Compared With Nearby Cities
Walnut, CA is the smallest of the 4 cities compared here, 27,757 residents against a local median of 51,499. The measure that sets Walnut, CA apart most is median home price: $1,112,146, 53% above the local median of $728,317.
Median rent tells the same story from another angle: $3,186 against a local median of $2,227, 43% above it. The one measure here that carries a verdict is homeownership, and at 36% above the local median it puts Walnut, CA at the better end of the local range. The cities themselves spread $674,583 on median home price, so Walnut, CA sits at one end of an already wide local range rather than apart from it. Walnut, CA has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Walnut, CA | 27,757 | $1,112,146 #2/4 | $3,186 #1/4 | 83.7% #1/4 |
| Diamond Bar, CA | 46,382 | $1,293,304 | $2,566 | 76.6% |
| West Covina, CA | 107,398 | $728,317 | $2,227 | 61.4% |
| Covina, CA | 51,499 | $618,720 | $1,901 | 60.1% |
Frequently Asked Questions
Common questions about the housing market in Walnut, California.
What is the median home price in Walnut, California?
The median home price in Walnut, California is $1,112,146, higher than the California average of $650,794.
What is the average home price in Walnut, California?
The typical home price in Walnut, California, reported as the median sale price, is $1,112,146. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Walnut, California?
The median gross rent in Walnut, California is $3,186 per month, higher than the California average of $2,036.
What was the median gross rent in Walnut in 2020?
In 2020, the median gross rent in Walnut, California was $2,512 per month.
What is the price-to-rent ratio in Walnut, California?
The price-to-rent ratio in Walnut, California is about 29.1, meaning it would take roughly 29.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Walnut.
Are home prices or rent rising faster in Walnut, California?
Both home prices and rent are rising in Walnut, up about 8.8% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Walnut, California?
78.5% of households in Walnut, California own their home, higher than the California average of 51.7%.
What is the vacancy rate in Walnut, California?
The housing vacancy rate in Walnut, California is 6.2%, lower than the California average of 7.5%.
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