Mercer Island, WA Real Estate
According to census data in the year 2000 there were 8,806 housing units in Mercer Island.
This represents a 5.8% growth from 8,321 in 1990.
Of those housing units, 8,806 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mercer Island is about 80.4%.
Mercer Island's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Mercer Island were built after 1966.
|Housing Units by Size|
|Five Bedrooms or more||13.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.76|
|Median year structure was built||1967|
|Median Value of occupied units||$573,900|
|Median Price asked for vacant units||$394,700|
Rented Homes, Apartments and Condos
|Average Household Size||1.83|
|Median year structure was built||1960|
|Median Monthly Rent asked for vacant units||$1,547|
Owners Finance Status
|Second Mortgage & Equity Loan||0.80%|
|Home Equity Loan||10.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.1%|