The median home in Mercer Island, Washington is valued at $2,243,170, down 1.0% year over year. Typical monthly rent is $2,670, producing a price-to-rent ratio of 70x — well above the national average of 18x. Mercer Island is part of the Seattle-Tacoma-Bellevue, WA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Seattle-Tacoma-Bellevue, WA stress score, crash risk, and 12-month forecast →

Home Value$2,243,170

-1.0%

Rent$2,670/mo

AFFORDABILITY

Enter your income for Mercer Island.

Income (annual)

Down Payment

$448,634 on $2,243,170

Out of reach — 212.7% of income

Need $569,614/yr to afford.

PITI$13,291

P/I212.7%

Afford$295K

Gap-$1948K

P&I $11,343Tax $1,832Ins $117

Renting $10,621/mo cheaper ($2,670 rent)6.50% 30yr, 20% down, county tax + WA ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Washington

Compare Mercer Island with other housing markets across Washington.

Hunts Point$7980K Medina$4383K Yarrow Point$4207K Clyde Hill$4012K Beaux Arts Village$2758K Woodway$2301K Sammamish$1569K Bellevue$1457K

Full Seattle-Tacoma-Bellevue, WA analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Seattle-Tacoma-Bellevue, WA metro.

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MERCER ISLAND, WA