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market report · 98040
Mercer Island, WA · 98040
35 active listings$2,495,000 median ask$6,000 est. rent0.2% price/rent
$2,495,000
Median list price
$6,000/mo
Estimated rent
0.2%
Price / rent ratio
35
Listings
FHFA home price index · 2014–2023
67.9% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.77
Median rent / sqft
32 comps
$765.12
Median sold / sqft
33 comps
—
Walkability
4.7%
Area unemployment
BLS LAUS
Median household income $219,069 · median home value $2,000,001 · ACS 2024.
Natural-hazard risk Relatively High (FEMA NRI score 86).
7 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
2500 81st Ave, Mercer Island, WA 98040
Mercer Island, WA
$369,000$3,087/mo0.8%
7549 SE 29th St, Mercer Island, WA 98040
Mercer Island, WA
$849,900$3,237/mo0.4%
2444 72nd Ave, Mercer Island, WA 98040
Mercer Island, WA
$1,695,000$5,599/mo0.3%
4429 E Mercer Way, Mercer Island, WA 98040
Mercer Island, WA
$1,560,000$4,720/mo0.3%
5610 W Mercer Way, Mercer Island, WA 98040
Mercer Island, WA
$2,150,000$6,286/mo0.3%
7429 E Mercer Way, Mercer Island, WA 98040
Mercer Island, WA
$3,700,000$10,708/mo0.3%