Rental market snapshot for Mercer Island, Washington
Mercer Island, Washington Rental Property Market Overview
The average rent for an apartment in Mercer Island is $2,651. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has increased by 4.7% over the past year.
Mercer Island is a city located in King County, Washington, United States. The population was 22,699 at the 2010 census. The island is situated on the east side of Lake Washington, just south of Seattle. Mercer Island is connected to the mainland by the I-90 floating bridge, and is also accessible via the Southworth ferry from West Seattle. The city is home to Mercer Island High School, one of the top-rated public schools in the state of Washington. The city is also home to the corporate headquarters of Starbucks and Expedia.
Last Updated December 23, 2022
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Sign upAverage monthly rent graph in Mercer Island Washington | Cost of Living
- The most expensive ZIP Code in Mercer Island is 98040 with an average price of $2,495
- The cheapest ZIP Code in Mercer Island is 98040 with an average price of $2,330
Mercer Island ZIP Codes with the highest, most expensive rent
| # | zip code | average rent |
|---|---|---|
| 1 | 98040 | $2,495 |
Live near Mercer Island, Washington's Top Sights and Attractions
Aubrey Davis Park is a 1.5-acre park located on the lid of I-90 in Mercer Island, Washington. The park features a playground, picnic tables, and a walking path.
Luther Burbank Park is a public park located on the east side of Mercer Island in Washington state. The park features a playground, picnic areas, a basketball court, a softball field, and a walking trail. The park also has a beach area on Lake Washington with a swimming dock.
Homestead Park is a beautiful park located on Mercer Island, Washington. The park features a playground, picnic area, and a walking trail.
Groveland Beach is a beautiful sandy beach located on the east side of Mercer Island. The beach is perfect for swimming, sunbathing, picnicking, and fishing. There is also a playground and a picnic shelter for visitors to use.
Pioneer Park is a beautiful park located on the east side of Mercer Island. The park has a playground, a picnic area, a basketball court, and a walking trail. The trail goes around the perimeter of the park and offers stunning views of Lake Washington and the Seattle skyline.
Bicentennial Park is a public park located on the southern end of Mercer Island in Washington state. The park features a playground, picnic shelter, and a public beach on Lake Washington.
Mercer Island Park is a beautiful, serene park located on an island in the middle of a large lake. The park is full of tall trees, green grass, and flowers. There is a walking path that goes around the perimeter of the park, and there are benches located throughout the park where visitors can sit and enjoy the view.
Deanes Childrens Park is a beautiful park located on the shores of Lake Washington. The park has a playground, a sand volleyball court, a basketball court, and a picnic area. The park is also home to a variety of birds and other wildlife.
Mercer Island, Washington area median rent change by ZIP Code map
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Sign upHow does Mercer Island compare to other cities in Washington ?
| city | median price |
|---|---|
| Seattle | $2,400 |
| Lake Stevens | $2,700 |
| Spanaway | $2,465 |
| Camas | $1,994 |
| Algona | $2,813 |
| Renton | $2,523 |
| Fife | $2,605 |
| Dupont | $2,483 |
| Lakewood | $2,095 |
Average household income in Mercer Island area graph - US Census
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Sign upThe median household income in Mercer Island in 2021 was $150,506. This represents a 22.0% change from 2011 when the median was $123,328.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 2.7% |
| 1 | $10,000 to $14,999 | 1.4% |
| 2 | $15,000 to $19,999 | 2.5% |
| 3 | $20,000 to $24,999 | 1.3% |
| 4 | $25,000 to $29,999 | 4.7% |
| 5 | $30,000 to $34,999 | 1.4% |
| 6 | $35,000 to $39,999 | 1.6% |
| 7 | $40,000 to $44,999 | 2.0% |
| 8 | $45,000 to $49,999 | 0.9% |
| 9 | $50,000 to $59,999 | 4.3% |
| 10 | $60,000 to $74,999 | 4.4% |
| 11 | $75,000 to $99,999 | 6.9% |
| 12 | $100,000 to $124,999 | 9.7% |
| 13 | $125,000 to $149,999 | 5.9% |
| 14 | $150,000 to $199,999 | 8.8% |
| 15 | $200,000 or more | 41.4% |
