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Mountlake Terrace, WA
Full City Profile · Washington · Kitsap County County
3.4
/5.0
B
Good
21,419
Population
5,276/sq mi density
$101,404
Median Income
$55,374 per capita
$606,100
Home Value
$684,182 Zillow
$1,966
Median Rent
30.1% income on rent
53°F
Avg Temperature
249 sunny days/yr
171
Violent Crime/100K
2,156 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$101,404 median income, 3.3% unemployment
B
Affordability
3.3 / 5.0
$606,100 home value, $1,966/mo rent
F
Safety
1.0 / 5.0
171 violent crimes/100K
A
Education
4.4 / 5.0
41.9% bachelor's degree or higher
Housing Overview
Median Home Value
$606,100
115% above
US avg: $281,900
Median Rent
$1,966/mo
69% above
US avg: $1,163/mo
Homeownership Rate
56.1%
14% below US avg (65.4%)
Total Housing Units
9,312
Median year built: 1970
Home Value by Source
Census Median
$606,100
Zillow (ZHVI)
$684,182
Median Sale Price
$599,000
Median List Price
$667,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
56.1%
Owner-Occupied
43.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,082/mo
1 Bedroom
$1,180/mo
2 Bedroom
$1,472/mo
3 Bedroom
$2,003/mo
4 Bedroom
$2,351/mo
Census median rent:
$1,966/mo
· Zillow rent:
$2,112/mo
Market Indicators (Redfin)
Median Days on Market
36 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
17
Price Drops
15.0%
of listings with price reduction
Price Per Sq Ft
$418
Active Inventory
20
homes for sale
Affordability & Housing Stock
Rent Burden
30.1%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1970
Average age of housing stock: 56 years
Homeownership Rate
56.1%
Complete Housing Data
Home Values
| Census Median Value | $606,100 |
| Zillow Home Value (ZHVI) | $684,182 |
| Median Sale Price | $599,000 |
| Median List Price | $667,500 |
| Price Per Sq Ft | $418 |
Rent
| Census Median Rent | $1,966 |
| Zillow Rent (ZORI) | $2,112 |
| FMR Studio | $1,082 |
| FMR 1-Bedroom | $1,180 |
| FMR 2-Bedroom | $1,472 |
| FMR 3-Bedroom | $2,003 |
| FMR 4-Bedroom | $2,351 |
Market
| Days on Market | 36 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 15.0% |
| Homes Sold | 17 |
| Active Inventory | 20 |
| Price Per Sq Ft | $418 |
Ownership & Stock
| Owner-Occupied | 56.1% |
| Renter-Occupied | 43.9% |
| Homeownership Rate | 56.1% |
| Total Housing Units | 9,312 |
| Median Year Built | 1970 |
| Rent Burden | 30.1% |