Affordable
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These days, finding an affordable place to live in the Mercer Heights area can be challenging. Home prices in Mercer Heights are now at a median cost of $1,939,885, higher than the Mercer Island average of $1,786,619.
The average cost of rent is $3,102/mo in Mercer Heights, primarily driven by the current value of real estate in the Mercer Heights area. In Mercer Heights, 12.09% of households rent, and 44.50% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Mercer Heights is $20,221 per month. Households that rent pay about 15.34% of their income on rent here. Mercer Heights’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- McGilvra, Mercer Island, WA: less expensive homes
- Seward Park, Seattle, WA: less expensive homes
- Meydenbauer, Bellevue, WA: less expensive homes
- Mt. Baker, Seattle, WA: less expensive homes
- Columbia City, Seattle, WA: less expensive homes
- Brighton, Seattle, WA: less expensive homes
- Factoria, Bellevue, WA: less expensive homes
- Woodbridge, Bellevue, WA: less expensive homes
- Downtown Seattle, Seattle, WA: less expensive homes
- Beacon Hill, Seattle, WA: less expensive homes
Neighborhoods with Similar Populations
- Durant Manor, Oakland, CA: less expensive homes
- South End, Little Rock, AR: less expensive homes
- South Hill, Bellingham, WA: less expensive homes
- Fairmont, Pacifica, CA: less expensive homes
- South Plaza, Kansas City, MO: less expensive homes
- Esther Short, Vancouver, WA: less expensive homes
- South Walker, Oklahoma City, OK: less expensive homes
- Embassy Hills, Jasmine Estates, FL: less expensive homes
- Southchase Village, Southchase, FL: less expensive homes
- Strawberry Manor, Sacramento, CA: less expensive homes
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