ABOUT Walnut Village
Walnut Village, also known simply as “Walnut” is a neighborhood located on the northwestern side of Irvine in Orange County, California. Walnut Village is known for its upscale residential living with a distinctly urban feel, offering residents access to a host of Southern California’s finest restaurants, coffee shops, and parks. Leaning liberal and family-friendly in terms of culture, Walnut Village also has some of the best schools in the state, including nearby UC Irvine.
The neighborhood is bordered to the north by Interstate 5, to the south by Edinger Drive, to the west by Culver Drive, and to the east by Myford Road just beyond California State Highway 261. At 1.229 square miles with a population of approximately 9,000 people, Walnut Village has a higher population density than the rest of the city of Irvine, which contributes to its urban feel.
Some of the hottest destinations in and near Walnut Village include the Heritage Community Park and Community Center, Orange County Great Park, Irvine Spectrum Center, and Pretend City Children’s Museum.
Culture in Walnut Village is lively and family friendly. The neighborhood leans liberal and prides itself on excellent public and private education, with over 85% of adult residents holding a college degree. Most of Walnut Village’s residents are young urban professionals or families. 65.7% of households in Walnut Village are family households.
Walnut Village’s relatively high population density contributes to its distinctly urban feel, though this density does not contribute to crime, as the neighborhood is one of the safest in Irvine. Also, the bulk of residential properties in Walnut Village are homes, giving the neighborhood a residential character within an urban atmosphere. The median household income is $103,949 and most residents own their homes.
TOP Walnut Village HIGHLIGHTS
Walnut Village’s earthquake index falls 3.78 under California’s earthquake index of 21.80. However, this neighborhood’s reported earthquake activity still places the neighborhood at a higher risk of experiencing seismic activity than the majority of neighborhoods nationwide.
High winds and supercell thunderstorms are also prevalent in this part of the state. Although the area’s tornado index of 41.97 is notably under the U.S. index of 136.45, Walnut Village’s tornado index is considerably over California’s index. This indicates Walnut Village has higher odds of experiencing windstorms than the majority of other California neighborhoods.
Other seasonal concerns for Walnut Village residents include intense droughts, extreme heat, and flooding.
Commuting is easy for residents of Walnut Village thanks to its close proximity to a number of California’s most-traveled highways. These include Interstate 5 to the north and California State Highway 261 to the east. Other nearby highways include California State Highway 55 (farther to the east) and Interstate 405 to the south.
Although Irvine itself is largely considered to have favorable crime statistics, Walnut Village has an overall crime rate that tracks 6% over the city’s average. That said, the neighborhood’s total crime rate is 45% under the national average.
Walnut Village’s violent crime rate falls 83% below the country’s average. The violent crime rate per 100K people sits at 65. Additionally, the neighborhood’s property crime rate falls 39% under the country’s average. The property crime rate per 100K people in Walnut Village is 1,342.
Walnut Village is considered safer than 87% of areas statewide. The estimated chances of personally experiencing any crime in this neighborhood are 1 in 72.
SCHOOLS IN Walnut Village
Walnut Village is known for its highly-ranked schools. The neighborhood is located near several of the state’s top public and private institutions at every level of education. Perhaps the most notable among Walnut Village’s UC Irvine, a top-tier university located just south of the neighborhood.
Walnut Village’s public and private schools have earned their reputations thanks to their experienced and well-liked educators, excellent facilities, good student-teacher ratios, and diverse student bodies. Many of the schools in the neighborhood and surrounding area hold an A rating from Niche. Some of the top schools serving Walnut Village include Deerfield Elementary School, Venado Middle School, and Arnold O. Beckman High School.
Walnut Village Housing 2020
With relatively high population density, Walnut Village offers a wide range of real estate options in highly-desirable area. The neighborhood’s hot real estate market features an excellent selection of single-family homes, apartments, townhomes, and condos at prices ranging from $800,000 to $1,500,000. The median home value in Walnut Village is $696,221. The median rent is $2,832.
Prices in Walnut Village are stabilizing though still rising across all types of property. The area features a host of dwellings for every income bracket, with most luxury properties found on the north side of the neighborhood. Starting prices for luxury homes in Walnut Villages typically sit around $1 million. The neighborhood also features a selection of luxury apartments, with rent starting around $3,000 per month.
Home to to diverse selection of shopping, entertainment amidst newer infrastructure and safe streets, Walnut Village is considered one of the most desirable neighborhoods in Irvine and all of Orange County.The neighborhood is also only a short drive away from some of Southern California’s most scenic and sought-after destinations.
Walnut Village Homes for Sale
Walnut Village offers a diverse selection of living options for those in search of both urban and residential living. Dating back to 1970, the neighborhood has both new and historic construction, with options ranging from economical to luxury.
Though the most common type of property in Walnut Village is the single-family home, the neighborhood also features a dense selection of apartments, townhomes, and condos. Property prices in Walnut Village range from $800,000 to $1,500,000, with the average dwelling having three bedrooms, three bathrooms, and a 2-car garage.