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 Size

Housing Units by Size
Studio Type1.40%
One Bedroom8.60%
Two Bedrooms16.30%
Three Bedrooms27.20%
Four Bedrooms32.60%
Five Bedrooms or more13.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.76
Median year structure was built1967
Median Value of occupied units$573,900
Median Price asked for vacant units$394,700

Rented Homes, Apartments and Condos

Average Household Size1.83
Median year structure was built1960
Median Monthly Rent asked for vacant units$1,547

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage6.40%
Home Equity Loan10.60%
Simple Mortgage50.40%
Debt Free31.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.1%