Neighborhood Factors

Market Conditions

  • Neighborhood Factors
    Price
    $1.47M
  • Neighborhood Factors
    Overvalued
    $34k(2)
  • Neighborhood Factors
    Appreciation
    2%(2)

(2) City data used

At a glance

Lakewood is ranked #20 of 30 neighborhoods in Walnut Creek with an overall score of 3.4/5. Its standout factors are curb appeal (4.2/5) and schools (4.2/5, 21st of 30 in Walnut Creek), at a median home price of $1.47M, which Houseberry currently rates as undervalued by about $11,000. The trade-offs are nearby merchants (1.4/5) and safety (3.0/5).

Neighborhood Reviews & Questions

Neighborhood Review
Key Words: Namesake Lake, Mature Canopy, Shell Ridge

Lakewood is one of Walnut Creek's quietly distinctive neighborhoods, partly for its winding, heavily shaded streets and partly for the small namesake lake that gives it character you don't find elsewhere in the city. A lot of the housing dates back to the 1930s and 1940s, with midcentury ranches and the occasional rebuilt farmhouse, and the mature canopy of magnolias, redwoods, and evergreens does much of the aesthetic work. Indian Valley Elementary sits right in the neighborhood next to Shell Ridge Open Space, which is a genuine draw, and the trail access into Shell Ridge from this side is excellent. It's a settled, leafy pocket where the landscaping has had decades to fill in. The honest limitation is convenience: this is a car-first neighborhood for errands, with little walkable retail of its own. You're buying the trees, the lots, the schools, and the proximity to open space, not a coffee shop on the corner. On those terms, Lakewood is one of the prettier places to land in the city.

See City Review for: Walnut Creek

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Neighborhood Amenities

  • Neighborhood Amenities
    Near good merchants

    1.4

  • Neighborhood Amenities
    Public Spaces

    3.6

  • Neighborhood Amenities
    Curb Appeal

    4.2

Overall Amenities score: 3.4

Neighborhood Weather

81%
of possible sunshine
Of all the daylight this spot gets in a year, 81% arrives as sunshine - clouds and fog block the rest.
Lakewood ranks 16th of 30 for sunshine in Walnut Creek, though it still out-suns nine tenths of the Bay Area. Its warmest month is July, averaging 84° highs, and it gets about 22 inches of rain a year.
Average daily high and low temperature
85°70°55°40°JFMAMJJASONDJul 84°
Avg highAvg low
Rank in Walnut Creek
16th of 30
Across the Bay Area
92nd percentile
Rain per year
22 in
Warmest month
Jul 84° avg high
Summer day
56° → 83°F
Winter day
41° → 58°F
Sunshine and temperature figures are 30-year climate averages for this neighborhood's location.

Neighborhood Photos

Schools serving this Neighborhood

School NameTypeGradesHouseberry School Score
Indian Valley Elementary PrimaryK-5
Walnut Creek Intermediate Middle6-8
Las Lomas High High9-12

Click links for school listing

info at GreatSchools.org

Houseberry School Score Data

from CA Dept. of Education

Houseberry recommends using these scores as only a starting point, and conducting your own investigation into what schools fit best for your preferences. School boundaries are not guaranteed and may change. It is important to contact the appropriate school district to confirm enrollment eligibility before making any decision to move to a neighborhood.

Median Price

Lakewood FAQs10 answers

Is Lakewood a good place to live?

Lakewood ranks 20th of 30 neighborhoods in Walnut Creek with an overall Houseberry score of 3.4 out of 5. Its strongest factors are curb appeal (4.2/5) and schools (4.2/5). The trade-offs are nearby merchants (1.4/5) and safety (3.0/5).

Is Lakewood safe?

Lakewood, Walnut Creek scores 3.0 out of 5 on Houseberry's Safety Score, ranking 20th of 30 neighborhoods in Walnut Creek.

What do homes in Lakewood cost?

The median home price in Lakewood, Walnut Creek is $1.47M, compared with $1.53M for Walnut Creek as a whole. Houseberry currently rates it undervalued by about $11,000 against comparable neighborhoods.

Are home prices in Lakewood rising or falling?

The median home price in Lakewood, Walnut Creek is down about 3.5% over the past 12 months, from $1.52M to $1.47M. The full 12-month history is charted in the Median Price section on this page.

Which schools serve Lakewood?

Schools serving Lakewood, Walnut Creek include Indian Valley Elementary (4.0/5), Walnut Creek Intermediate (4.0/5) and Las Lomas High (4.6/5).

What is the weather like in Lakewood?

Lakewood, Walnut Creek receives 81% of its possible sunshine, 16th of 30 in Walnut Creek. Summer days run 56° to 83°F and winter days 41° to 58°F, July is the warmest month and rainfall averages about 22 inches a year.

Is Lakewood walkable to shops and restaurants?

Lakewood, Walnut Creek scores 1.4 out of 5 for nearby merchants and 3.6 out of 5 for public spaces. Its overall amenities score is 3.4 out of 5, 13th of 30 in Walnut Creek.

What is Lakewood known for?

Lakewood, Walnut Creek is associated with Namesake Lake, Mature Canopy and Shell Ridge. Its highest-scoring factors are curb appeal (4.2/5) and schools (4.2/5).

How does Lakewood compare to other Walnut Creek neighborhoods?

Lakewood ranks 20th of 30 neighborhoods in Walnut Creek. It ranks 21st of 30 in Walnut Creek for schools (4.2/5) and scores lowest on nearby merchants (1.4/5). The highest-ranked neighborhoods in Walnut Creek are Diablo Shadows and Rudgear Estates.

What are the downsides of living in Lakewood?

Lakewood, Walnut Creek scores lowest on nearby merchants (1.4/5) and safety (3.0/5).

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Neighborhood Photos

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Diablo Shadows, Walnut Creek, CA
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Diablo Shadows is a small pocket on the east side of Walnut Creek that quietly t... See Full Page
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Contact Houseberry's 2026 Agent Pick for Lakewood
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