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Advertise here →Mountlake Terrace, WA · Market Data
Mountlake Terrace, Washington real estate market data.
Real estate market data for Mountlake Terrace, WA (Snohomish County) — Census median home value $606,100, county listing prices down about 1.7% over the past year.
Mountlake Terrace, WA is in Snohomish County, Washington — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 21,419, with a median household income of $101,404. Census data puts Mountlake Terrace's median home value at $606,100 (all owner-occupied homes); Snohomish County's current median listing price runs $794,500, down about 1.7% over the past year.
At a glance
Mountlake Terrace market snapshot
Population
21,419
Median Household Income
$101,404
Median Home Value (city)
$606,100
Median Listing Price (Snohomish County)
$794,500
Median Gross Rent
$1,966/mo
Price Trend (YoY)
-1.7%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Mountlake Terrace different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Mountlake Terrace's median home value — across all owner-occupied homes, not just recent sales — at $606,100. Separately, Snohomish County's current median listing price (via Realtor.com data, 2026-06-01) runs $794,500. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Snohomish County's FHFA house price index shows a 1.33% annual change in 2025.
Population & Income
Mountlake Terrace has an estimated population of 21,419 and a median household income of $101,404, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Mountlake Terrace's Census-reported median home value works out to about 6.0x the area's median household income, and median gross rent runs roughly 23% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Mountlake Terrace FAQ
What are home values like in Mountlake Terrace, WA?
The Census Bureau's American Community Survey puts Mountlake Terrace's median home value at $606,100. Snohomish County's current median listing price runs $794,500, down about 1.7% over the past year.
What is the population of Mountlake Terrace, WA?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Mountlake Terrace's population at approximately 21,419.
What's the median rent in Mountlake Terrace, WA?
The Census ACS estimates median gross rent in Mountlake Terrace at approximately $1,966 per month.
What is the median household income in Mountlake Terrace, WA?
Census ACS data puts the median household income in Mountlake Terrace at approximately $101,404.
Is the Mountlake Terrace housing market growing?
Snohomish County's FHFA house price index shows a 1.33% annual change in 2025.
Is Mountlake Terrace, WA affordable relative to income?
Census ACS data puts Mountlake Terrace's median home value at about 6.0 times the median household income, with median gross rent equal to roughly 23% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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