Rental market snapshot for Mountlake Terrace, Washington

Mountlake Terrace, Washington Rental Property Market Overview

Mountlake Terrace, Washington is a city located in Snohomish County, just north of Seattle. According to the US Census, the population of Mountlake Terrace was 21,428 as of 2021. The city is known for its beautiful views of the Cascade Mountains and its close proximity to Seattle. Mountlake Terrace is home to several parks and trails, as well as a variety of shops and restaurants. It is a great place to live for those looking for a peaceful and scenic environment close to the city.

The average rent for an apartment in Mountlake Terrace is $2,357. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Mountlake Terrace Washington | Cost of Living

  • The most expensive ZIP code in Mountlake Terrace is 98043 with an average price of $2,294.
  • The cheapest ZIP code in Mountlake Terrace is 98043 with an average price of $2,294.

Mountlake Terrace ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
198043$2,294

Live near Mountlake Terrace, Washington's Top Sights and Attractions

Recreation Pavilion is a multi-purpose facility located in a picturesque park setting. It features a variety of activities for all ages, including a large indoor pool, a gymnasium, a fitness center, a game room, and a variety of classes and programs. The facility also includes a full-service restaurant, a snack bar, and a banquet hall. Outside, visitors can enjoy a playground, a walking path, and a picnic area.

Evergreen Playfield is a large outdoor recreational area located in a suburban area of Washington state. It features a variety of activities for all ages, including a playground, a basketball court, a baseball diamond, and a picnic area. The park also has a large grassy area, perfect for playing sports or just relaxing in the sun. There are also plenty of trees and shrubs, providing plenty of shade and a peaceful atmosphere.

Terrace Creek Park is a lush, green oasis situated in the foothills of the Cascade Mountains. It features a variety of outdoor activities, including hiking trails, picnic areas, and a playground. The park also has a large open field, perfect for sports and other activities. The park is home to a variety of wildlife, including birds, deer, and other animals. The park is also home to a large pond, which is great for fishing and canoeing. The park is a great place to relax and enjoy nature.

Open Space is a scenic park located in a suburban area. It features a large open field surrounded by trees, providing a tranquil and peaceful atmosphere. There are several trails that wind through the park, allowing visitors to explore the area and take in the natural beauty. The park also has a playground, picnic tables, and benches, making it a great spot for families to spend time together. Additionally, there are several sports courts, including basketball and tennis, as well as a disc golf course. Open Space is a great place to relax and enjoy the outdoors.

Ballinger Park is a large park located in a suburban area. It features a large lake, walking trails, playgrounds, and picnic areas. There is also a large open field perfect for sports and other activities. The park also has a large amphitheater, perfect for outdoor concerts and events. There are also several sculptures and art installations throughout the park. The park is a great place to spend time outdoors and enjoy the natural beauty of the area.

Veterans Memorial Park is a beautiful outdoor space located in a suburban area. It features a large grassy area with a variety of trees, shrubs, and flowers. There is a walking path that winds through the park, and a large pond with a fountain in the center. The park also has a playground, picnic tables, and benches for visitors to enjoy. The park is dedicated to honoring veterans, and features a memorial wall with the names of local veterans.

Mountlake Terrace Off Leash Dog Park is a large, fenced-in park that provides a safe and fun environment for dogs and their owners. The park features a large grassy area, a walking path, and plenty of trees for shade. There are also several agility obstacles, a water fountain, and a separate area for small dogs. The park is open year-round and is a great place for dogs to get exercise and socialize with other dogs.

Forest Crest Playfield is an outdoor recreational area located in a lush, green forest. It features a large playground with swings, slides, and climbing structures, as well as a basketball court, a baseball field, and a picnic area. There are also several walking trails that wind through the forest, providing a peaceful and tranquil escape from the hustle and bustle of everyday life. The park is a great place for families to spend time together, and it's also a popular spot for outdoor activities such as bird watching and nature photography.

Terrace Creek Park is a lush, green oasis situated in the foothills of the Cascade Mountains. It features a variety of outdoor activities, including hiking trails, picnic areas, and a playground. The park also has a large open field, perfect for sports and other activities. The park is home to a variety of wildlife, including birds, deer, and other animals. The park is also home to a large pond, which is great for fishing and canoeing. The park is a great place to relax and enjoy nature.

Bicentennial Park is a large outdoor recreational area located in a suburban setting. It features a variety of amenities, including a playground, picnic areas, walking trails, and a large lake with a fishing dock. The park also has a large open field perfect for sports and other activities. In addition, the park has a variety of native plants and trees, providing a peaceful and natural setting.

Mountlake Terrace, Washington area median rent change by ZIP code map

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How does Mountlake Terrace compare to other cities in Washington?

citymedian price
North Bend$3,100
Graham$2,722
Federal Way$2,676
Spanaway$2,545
Sumner$2,319
SeaTac$2,133
Burlington$2,101
Tacoma$1,901
Yakima$1,195

Average household income in Mountlake Terrace area graph - US Census

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The median household income in Mountlake Terrace in 2021 was $87,785. This represents a 48.5% change from 2011 when the median was $59,099.

#categorypercent
0Less than $10,0003.4%
1$10,000 to $14,9991.8%
2$15,000 to $19,9991.8%
3$20,000 to $24,9993.2%
4$25,000 to $29,9992.3%
5$30,000 to $34,9991.3%
6$35,000 to $39,9992.3%
7$40,000 to $44,9992.3%
8$45,000 to $49,9995.3%
9$50,000 to $59,99911.0%
10$60,000 to $74,99911.8%
11$75,000 to $99,99917.6%
12$100,000 to $124,99910.6%
13$125,000 to $149,9998.3%
14$150,000 to $199,99910.1%
15$200,000 or more6.7%

Neighborhoods in Mountlake Terrace

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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.

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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.

As of February , the average rent in Mountlake Terrace is $2,357.
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