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

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Average 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 codeaverage rent
198040$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

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How does Mercer Island compare to other cities in Washington ?

citymedian 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

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The 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.

#categorypercent
0Less than $10,0002.7%
1$10,000 to $14,9991.4%
2$15,000 to $19,9992.5%
3$20,000 to $24,9991.3%
4$25,000 to $29,9994.7%
5$30,000 to $34,9991.4%
6$35,000 to $39,9991.6%
7$40,000 to $44,9992.0%
8$45,000 to $49,9990.9%
9$50,000 to $59,9994.3%
10$60,000 to $74,9994.4%
11$75,000 to $99,9996.9%
12$100,000 to $124,9999.7%
13$125,000 to $149,9995.9%
14$150,000 to $199,9998.8%
15$200,000 or more41.4%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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