Most Affordable Neighborhoods in Walnut Creek: 2016 Update

Last week, we looked at the five most expensive neighborhoods in Walnut Creek, California, based on median sales prices. Today, we’ll travel to the lower end of the pricing spectrum, for a list of the most affordable neighborhoods in town.

Are you thinking about buying a home in Walnut Creek, California? It’s a smart move. This city has a lot to offer. There are many nice neighborhoods to choose from, plenty of tree-lined streets, outdoor space, activities and more. There’s a BART station in the city as well, which makes life easier for commuters who live in the area.

As far as real estate goes, you’ll find a broad range of home prices in Walnut Creek. Of course, it is the Bay Area. So homes here tend to be priced above the national average. But there’s still a pretty broad spectrum.

When sorting by neighborhood, for example, median sales prices in Walnut Creek range from around $480,000 up to $1.8 million. With that kind of range, there’s something for almost every home buyer.

Related: Walnut Creek home price trends 2016

Most Affordable Neighborhoods in Walnut Creek, CA, 2016

According to median sales price data from Trulia, here are five of the most affordable neighborhoods in Walnut Creek, California in 2016. The number beside each community is the median sales price for the three-month period of June, July and August 2016.

Oak Road — $480,000
Oak Road is a relatively small neighborhood in Walnut Creek with a median sales price of $480,000, as of September 2016. This makes it one of the more affordable communities within the city. According to U.S. Census Bureau data, homeowners make up roughly 57% of the population. Oak Road is the second most popular neighborhood in Walnut Creek, based on the number of Trulia property searches.

Summit Ridge — $620,000
Moving up the price scale, we have the Summit Ridge neighborhood of Walnut Creek. During the three-month period ending in August 2016, the median sales price in this neighborhood was $620,000. It’s a fairly small neighborhood. At the time this article was published, there were only two homes listed for sale in Summit Ridge (source: Realtor.com). According to local Realtor Dana Green: “With 161 units, the Summit Ridge neighborhood is home to a variety of age groups creating a well-balanced community complete with pool, club house and easy access to many loved hiking trails.”

Rossmoor — $624,000
Rossmoor is a gated community designed for active seniors. It’s located in the picturesque Tice Valley area. It’s also one of the most popular neighborhoods within Walnut Creek, based on the number of home searches conducted online. And with a median sales price of $624,000 as of September, it’s one of the more affordable neighborhoods in Walnut Creek, California.

Diablo Hills — $651,000
Diablo Hill is another popular neighborhood in Walnut Creek. It has a larger population than some of the other communities on this list, and as a result home buyers might find more properties for sale. The median sales price from July to August 2016 was $651,000. The Diablo Hills Golf Course is located here as well, which makes the neighborhood particularly popular with golf enthusiasts. Many of the homes in this Walnut Creek community back up to the golf course.

Overlook — $733,000
As its name suggests, Overlook is situated in the hills above downtown, in close proximity to the I-680. Many of the homes in this neighborhood have good views of Mount Diablo. There are many older, smaller homes in the Overlook neighborhood, some of which have been updated with modern amenities.

Need a Mortgage Loan to Buy a Home?

Do you need a mortgage loan to buy a home in this area? We can help! Bridgepoint Funding has been serving home buyers in Walnut Creek, California for many years, and we’re located right here in town. Our staff has decades of combined expertise. We offer a wide variety of loan programs, including FHA, VA and conventional.

Please contact us today with any questions you have about getting a home loan in Walnut Creek, or to receive a rate quote.

Disclaimers: This article includes third-party data that are deemed reliable but not guaranteed. Pricing figures were not available for some Walnut Creek neighborhoods at the time this list was created. Home prices change constantly. For the latest sales prices, check out the major property listing websites or speak with a local real estate professional.