Housing & Real Estate — Mercer Island, Washington
Overview
| Total Housing Units | 10,454 |
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| Occupied | 9,893 |
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| Vacant | 561 |
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| Owner-Occupied | 6,529 |
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| Renter-Occupied | 3,364 |
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| Median Home Value (Census) | $2,000,001 |
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| Estimated 2026 | ~$2,295,000 |
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| Median Rent | $2,464/mo |
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| Median Property Tax | $10,001/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | very expensive |
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| Rent as % of Income | 13.5% |
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| Severely Rent-Burdened | 38.5% |
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Housing Age
| Built 2010 or later | 1,091 |
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| Built 2000-2009 | 1,350 |
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| Built 1990-1999 | 655 |
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| Built before 1960 | 2,306 |
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| Median Year Built | 1974 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
