Housing & Real Estate — Mountlake Terrace, Washington
Overview
| Total Housing Units | 9,504 |
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| Occupied | 9,117 |
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| Vacant | 387 |
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| Owner-Occupied | 5,118 |
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| Renter-Occupied | 3,999 |
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| Median Home Value (Census) | $667,300 |
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| Estimated 2026 | ~$714,000 |
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| Median Rent | $1,966/mo |
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| Median Property Tax | $4,593/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
|---|
| Home Affordability | expensive |
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| Rent as % of Income | 21.9% |
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| Severely Rent-Burdened | 34.9% |
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Housing Age
| Built 2010 or later | 1,120 |
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| Built 2000-2009 | 481 |
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| Built 1990-1999 | 641 |
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| Built before 1960 | 2,350 |
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| Median Year Built | 1970 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
