Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Mountlake Terrace area can be challenging. Home prices in Mountlake Terrace are now at a median cost of $432,115, lower than the Washington average of $453,663.
The average cost of rent is $1,852/mo in Mountlake Terrace, primarily driven by the current value of real estate in the Mountlake Terrace area. While nearly 30.57% of residents own their homes outright in Mountlake Terrace, 42.24% rent.
Housing affordability isn’t just about home prices, though. The average household income in Mountlake Terrace is $7,541 per month. Households that rent pay about 24.56% of their income on rent here. Mountlake Terrace's most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Brier, WA: higher priced homes
- Lake Forest Park, WA: higher priced homes
- Edmonds, WA: higher priced homes
- Shoreline, WA: higher priced homes
- Lynnwood, WA: higher priced homes
- Bothell West, WA: higher priced homes
- Woodway, WA: higher priced homes
- Kenmore, WA: higher priced homes
- North Lynnwood, WA: equally priced homes
- Bothell, WA: higher priced homes
Cities with Similar Populations
- Somerville, NJ: equally priced homes
- Hercules, CA: higher priced homes
- Holly, MI: less expensive homes
- Hopkins, MN: less expensive homes
- Howard, WI: less expensive homes
- Hudson, MA: less expensive homes
- Ionia, MI: less expensive homes
- Iselin, NJ: less expensive homes
- San Jose, PR: less expensive homes
- Sharpsburg, GA: less expensive homes
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